Industrialization is a synonym for the industrywide adoption of the systems approach to production. Agriculture in the South will approach the highly organized state currently exhibited by broiler and hog producers, and perhaps pulp and sugar and some cattle feeding operations. I shall define the two terms “industrialization” and “capital” quite briefly, and proceed to a discussion of effects such a development might have on capital requirements.

In general, industrialization means an increase in the degree of organization, the coherence and internal dependence between separable parts of a production process.