By cultivating a small number of crops over large areas, farmers can dramatically increase profitability. This is why monoculture, cultivation of a single crop over a large area, is increasingly common in agriculture.
But despite its short-run advantages, monoculture may also impose a long-term risk of crop failure. Economist Martin Weitzman of Harvard University says the vulnerability of a crop to a pathogen is highest when the amount of the plant in cultivation is small or when it is very large.
The vulnerability of a small crop is obvious, but that of a widespread crop is less so. In the Quarterly Journal of Economics, Weitzman explains why it may in effect be too much of a good thing:
Thus the author argues for diversity in the world’s crops, even if this entails lower yields, as matter of food security.
Source: The Risk of Catastrophic Crop Failure, Economic Intuition, Summer 2001; based on Martin L. Weitzman, Economic Profitability Versus Ecological Entropy, Quarterly Journal of Economics, February 2000.
For more Economic Intuition research summaries http://www.economicintuition.com
For more on Agricultural Monoculture http://www.ncpa.org/iss/env
RSA Note:
According to a geneticist consulted by the FMF, seed companies and farmers are very well aware of the danger. Seed companies therefore ensure the availability of a large number of different varieties of seed of any particular plant type, and the different varieties have a range of qualities that enable them to resist various types of diseases and pests.
Eustace Davie, Director, FMF.
FMF Policy Bulletin\17 April 2002




