Farm And Nonfarm Factors Influencing Farm Size
The impact of the price of capital, nonfarm employment opportunities, and returns in agriculture on farm size was analyzed. A 10 region panel model using data for 1950-2000 was used. The impact of agricultural government payments was also examined. The results demonstrated the capital-labor substitution phenomenon and the importance of nonfarm employment changes.
|Date of creation:||2002|
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