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Changes in the distribution of farm wealth in the United States

Author

Listed:
  • Ashok K. Mishra
  • Charles B. Moss
  • Kenneth W. Erickson

Abstract

This 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.

Suggested Citation

  • Ashok K. Mishra & Charles B. Moss & Kenneth W. Erickson, 2007. "Changes in the distribution of farm wealth in the United States," Agricultural Finance Review, Emerald Group Publishing, vol. 67(1), pages 119-134, May.
  • Handle: RePEc:eme:afrpps:v:67:y:2007:i:1:p:119-134
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    References listed on IDEAS

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    1. Melichar, Emanuel, 1984. "Farm Wealth Origin: Impact and Implications for Public Policy," Research Bulletins 184145, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. 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, Cambridge University Press, pages 187-208.
    2. 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).

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