Productivity Growth in U.S. Agriculture
AbstractInnovation and changes in technology have been a driving force for gains in productivity growth in U.S. agriculture. USDA's Economic Research Service has developed annual indexes of agricultural inputs, outputs, and total factor productivity (TFP) for 1948 through 2004. American agriculture relies almost entirely on productivity growth to raise output. By lowering the cost of agricultural commodities, productivity growth benefits not only farmers but also food manufacturers and consumers.
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Bibliographic InfoPaper provided by United States Department of Agriculture, Economic Research Service in its series Economic Brief with number 6382.
Date of creation: 2007
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Agriculture; productivity; productivity growth; total factor productivity; TFP; labor; farm economy; prices; agricultural research; agricultural output; technology; ERS; USDA; Production Economics; Productivity Analysis;
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