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American Farms Keep Growing: Size, Productivity, and Policy †

American Farms Keep Growing: Size, Productivity, and Policy † Abstract Commercial agriculture in the United States is comprised of several hundred thousand farms, and these farms continue to become larger and fewer. The size of commercial farms is sometimes best-measured by sales, in other cases by acreage, and in still other cases by quantity produced of specific commodities, but for many commodities, size has doubled and doubled again in a generation. This article summarizes the economics of commercial agriculture in the United States, focusing on growth in farm size and other changes in size distribution in recent decades. I also consider the relationships between farm size distributions and farm productivity growth and farm subsidy policy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

American Farms Keep Growing: Size, Productivity, and Policy †

Journal of Economic Perspectives , Volume 28 (1) – Feb 1, 2014

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Publisher
American Economic Association
Copyright
Copyright © 2014 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.28.1.147
Publisher site
See Article on Publisher Site

Abstract

Abstract Commercial agriculture in the United States is comprised of several hundred thousand farms, and these farms continue to become larger and fewer. The size of commercial farms is sometimes best-measured by sales, in other cases by acreage, and in still other cases by quantity produced of specific commodities, but for many commodities, size has doubled and doubled again in a generation. This article summarizes the economics of commercial agriculture in the United States, focusing on growth in farm size and other changes in size distribution in recent decades. I also consider the relationships between farm size distributions and farm productivity growth and farm subsidy policy.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Feb 1, 2014

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