Purpose: In this article we illustrate the importance of understanding the risk profiles of new technologies, in addition to the changes in productivity, to be able to determine strategies for agricultural development. Design/methodology/approach: The analysis is based on data obtained from a 2002 survey of subsistence farmers in the Kilimanjaro region of Tanzania, and a Just and Pope (1978) fr...

Abstract Due to the diversification of consumer demand, “fast iteration, less batch, and flexible delivery” has become an inevitable choice for enterprises have market competitiveness. In order survive in competition, it is necessary transform traditional manufacturing line. This paper mainly puts forward introduces a set reconstruction schemes. The revamp production line will incorporate new c...

Issues concerning agriculture, countryside and farmers have been always hindering China’s development. The only solution to these three problems is agricultural modernization. However, China's agriculture is far from modernized. The introduction of cloud computing and internet of things into agricultural modernization will probably solve the problem. Based on major features of cloud computing a...

Economies of size refer to the ability of a farm to lower costs of production by increasing production. Agriculture production displays an L-shaped average cost curve where costs are lower initially but reach a point where no further gains are achieved. Spreading fixed costs, bulk purchases, and marketing power are cited as reasons for economies of size. Labor-reducing technologies may be the p...