Changes in the distribution of farm wealth in the United States
AbstractThis paper examines the changes in farm sector wealth from 1949 through 2002. The study uses Theil’s entropy-based measure of inequality of farm wealth for 10 regions of the United States. The entropy measure is then used to decompose U.S. inequality into within-region and between-region differences. Results show that for the period 1949 to 1993, relative to the number of farms per state, farm wealth in the United States became more equally distributed. However, beginning in 1994, findings suggest inequality in wealth may be increasing.
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Agricultural Finance Review.
Volume (Year): 67 (2007)
Issue (Month): 1 (May)
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Other versions of this item:
- Mishra, Ashok K. & Moss, Charles B. & Erickson, Kenneth W., 2001. "Changes In The Distribution Of Farm Wealth In The United States," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36079, Western Agricultural Economics Association.
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- Mishra, Ashok K. & El-Osta, Hisham S., 2005. "Wealth Accumulation by Farm Households: Evidence from a National Survey," 2005 Annual meeting, July 24-27, Providence, RI 19573, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- El-Osta, Hisham S. & Mishra, Ashok K., 2005. "Dimensions of Wealth Dispersion Among Farm Operator Households: An Assessment of the Impact of Farm Subsidies," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(01), April.
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