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Regional Impact Of Trade Liberalization On The Income Of U.S. Grain/Livestock Farmers

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  • Blandford, David

Abstract

Estimates of the change in 1970 net farm income resulting from free trade in grains and livestock are derived for ten production regions of the United States. Grains and losses are distributed by six economic classes of farm. Two inequality indices are used to assess the impact on the distribution of income. Although free trade leads to greater inter-regional inequality, intra-regional inequality declines. The net effect is a decline in total inequality. The qualitative relevance of these results under current conditions is supported by their robustness to change in assumed income gains.

Suggested Citation

  • Blandford, David, 1978. "Regional Impact Of Trade Liberalization On The Income Of U.S. Grain/Livestock Farmers," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(01), pages 1-8, July.
    • Handle: RePEc:ags:wjagec:32403
    DOI: 10.22004/ag.econ.32403
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    References listed on IDEAS

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    1. Richard A. Benson, 1970. "Gini Ratios: Some Considerations Affecting Their Interpretation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(3), pages 444-447.
    2. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931.
    3. Hottel, J. Bruce & Reinsel, Robert D, 1976. "Returns to Equity Capital by Economic Class of Farm," Agricultural Economic Reports 307617, United States Department of Agriculture, Economic Research Service.
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