Information asymmetry in genetic farming

Abstract

The paper examines a new rent-genetic direction in the development of earth science and the risks of information asymmetry of its current manifestation in agriculture. Practical results imply approbation of logical and mathematical models for implementation of the rent-genetic approach to regulation of land payments that ensure genetic farming development. The study analyzes, evaluates and provides socio-economic substantiation of rental regulators of genetic farming based on activation of genetic factors through the example of crop farming in Leningrad region. Intensive rental income can be ensured in agriculture only in the context of the redistribution of extensive forms of rental income (differential rent I, resource rent, monopoly rent), which is a fundamental condition for creating a competitive environment and investment development in agriculture.