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PROFIT PATTERNS IN THE U.S. AND THE WEST, 1992 AND 1997: WHAT COUNTY-LEVEL DATA REVEAL AgEcon
Korb, Penelope J.; Blank, Steven C.; Erickson, Kenneth W..
We examine whether there are spatial relationships in U.S. production agriculture's profitability across regions and over time. We test the traditional view that factor markets (approximately) adjust to equalize agriculture's net returns over space and time using county-level data from the UDSA's Census of Agriculture, 1992 and 1997. We estimate Gini coefficients and calculate the Theil Entropy Measure (TMI) to examine changes in the concentration of returns over space and time, and to decompose the variation in inequality in returns due to between-region variation in returns. Although factor markets (approximately) adjust to equalize net returns over space and time, there is still considerable variability in returns within regions and within states. Use...
Tipo: Conference Paper or Presentation Palavras-chave: Gini coefficient; Theil Entropy Measure; Net cash returns; Net cash and net farm income; Farm structure; Agricultural Finance; Community/Rural/Urban Development; Q; Q140.
Ano: 2004 URL: http://purl.umn.edu/36253
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