Economies of Scope (the Future of Farming)

The Industrial Revolution made most of us in developed countries rich. By specializing labor, standardizing parts, and centralizing production, the industrial production model exemplified by Henery Ford’s assembly line (and Frederick W Taylor’s “one best way” time and motion studies) improved the efficiency of industrialized production so much that the cost of manufactured goods has been reduced by several orders of magnitude.

The industrial model of agriculture (left) made commodity products on a massive scale. The information revolution will enable small farms to make custom products at a small scale, just as economically.