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Regional Changes In The Distribution Of Net Value Added In U.S. Agriculture, 1960-2002

Author

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  • Erickson, Kenneth W.
  • Blank, Steven C.
  • Moss, Charles B.
  • Mishra, Ashok K.

Abstract

This paper examines the effects of structural changes on the distribution of net value added and the difference between net value added and agricultural income over time. We present and discuss the changes in the distribution of net value added (land, labor, capital, and farm operator income) over time. Net value added by U.S. agriculture grew significantly from $18 billion to 1960 to $95 billion in 1996. We examine regional differences in net value added using the Theil entropy measure. The inequality (dispersion) of net value added increased over time. The increased inequality represented both increases in regional dispersion in net value added and increases in the average inequality in net value added in each region. Thus, the net value added is becoming less alike across the U.S. We also examined the inequality in the components of net value added. The greatest dispersion occurred in returns to land followed by returns to capital. Therefore, changes in the dispersion of net value added by agriculture are explained by differences in the payments to non-operator landlords and to capital.

Suggested Citation

  • Erickson, Kenneth W. & Blank, Steven C. & Moss, Charles B. & Mishra, Ashok K., 2004. "Regional Changes In The Distribution Of Net Value Added In U.S. Agriculture, 1960-2002," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36232, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaho:36232
    DOI: 10.22004/ag.econ.36232
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    Cited by:

    1. Colleta Gandidzanwa & Frikkie Liebenberg, 2016. "Towards a New Capital Formation Series for Machinery in South African Agriculture," Agrekon, Taylor & Francis Journals, vol. 55(3), pages 216-236, July.
    2. Matthew Salois & Charles Moss & Kenneth Erickson, 2012. "Farm income, population and farmland prices: a relative information approach," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 39(2), pages 289-307, April.
    3. Hu, Wuyang & Woods, Timothy & Bastin, Sandra & Cox, Linda & You, Wen, 2011. "Assessing Consumer Willingness to Pay for Value-Added Blueberry Products Using a Payment Card Survey," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 43(2), pages 243-258, May.

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    Keywords

    Agricultural Finance;

    Statistics

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