Special Issue 2017
In June 2017, the Federal Reserve Bank of Kansas City hosted a symposium titled “Agricultural Consolidation: Causes and the Path Forward.” Esther L. George, the Bank’s President and Chief Executive Officer, reviews the history of agricultural consolidation and the symposium’s contributions.
Production agriculture is in the midst of a major transformation marked by continued consolidation and changes in technology, production practices, and the value chain.
Concentration and Consolidation in the U.S. Food Supply Chain: The Latest Evidence and Implications for Consumers, Farmers, and PolicymakersBy Tina L. Saitone and Richard J. Sexton
On balance, the consolidation of food marketing has benefited consumers through stable prices and increased choice.
States in the Tenth Federal Reserve District are experiencing consolidation in production agriculture and agricultural lending at different rates.
The food system is moving toward increased consolidation and concentration, with varying effects on competition and efficiency.
3rd Quarter 2017
Despite its promise, distributed ledger technology is unlikely to draw unbanked consumers into the financial mainstream.
Economic Review Archive
U.S. industries have become less connected over the last 10 years, and service industries have become more central.
Additional files: Appendix
Jordan Rappaport finds factors related to population, population density, and centralized employment have driven much of the recent variation in multifamily construction across metros.Additional files: Data Supplement