Overview

What are the trends impact on rural America's future economy?Some economists indicate that there are five trends reshape to impact rural America' future economy. They include that digital economy will shift future America rural economy. US quality of life will change a lot, the US rural economy will stay uneven, US commodities will compete in global markets and will give less benefit to US rural economy and US new products will revolutionize US agriculture economy. The first aspect impacts to US agriculture economy, the US future rural economy stays uneven. Growth will concentrate in 4 out of 10 rural places and they have scenery, a retail hub, or one next to a city in US. The impact on rural America includes some rural places will try to manage growth, but many places on a quest for new economic engines. Thus, it will bring these questions to US rural economy impact, such as: Who will be US businessmen clients? The struggling farmers? The struggling farm-dependent country? The booming mountain area? The rural area transforming into city? The second aspect impacts to US agriculture economy, due to US commodities will compete in global markets if it will bring a smaller benefit in US rural economy. Then, US farm scale will cut costs and competition fewer US farms and places will depend on farm income. What is the impact of commoditization on rural America? There are more farms depend on area jobs and it creates a new imperative to add value. What is the impact of commodity on US clients? The need for competitive commodities remains, but the payoff for added value is rising and community impacts are important.The third aspect impact to US agriculture economy, new products will revolutionize agriculture. Major, shift from commodities to products, spurred by biotech, means two agriculture in the future and two rural America . Hence, US future agriculture determination the rural economy will be declined. A future new US agriculture supply chain integrator will be caused from the traditional farming supply chain procedure the change to outsourced contractor farming supply chain procedure, such as: In beginning, from farmer will outsource supply chain contract to processor, then contract to distributor and contract to food retailer final step.The fourth aspect impacts to US agriculture economy, what will be two agricultures impact to the US future economy? The first US agriculture impact will be US commodity agriculture. It focuses on production capabilities, farming foods production will be thin margins maintained with technology and big sale. The second US agriculture impact will be product agriculture. It focuses on consumer needs, farming foods production margins will be protected by capturing value and building business relationship. Thus, it will bring these questions concern what the impact of product agriculture which can influence to US economy. How to apply biotechnological agricultural techniques and farming product application to raise US farming productivity? How to build world class agricultural ( farm) producing chains that benefit to US farming produces production method? How can US faming foods producers participation or lead in product chains?

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