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Rates of Return in the Farm and Nonfarm Sectors: How Do They Compare? AgEcon
Erickson, Kenneth W.; Moss, Charles B.; Mishra, Ashok K..
This study examines the return on agricultural assets relative to nonfinancial corporate assets in the general economy using aggregate bureau of Economic Analysis data. Our results indicate that the rate of return on nonfarm assets dominates the rate of return on agricultural assets. The average rate of return on nonfarm assets is higher than the average rate of return on farm assets, and the variance of the rate of return on nonfarm assets is lower than the variance of the rate of return on farm assets. Furthermore, the rate of return on agricultural assets only exceeds the rate of return in the nonfarm sector in 1992.
Tipo: Journal Article Palavras-chave: Farm sector accounting; Nonfarm income; Nonfarm sector; Rate of return; Returns to farm assets; Q14; Q18.
Ano: 2004 URL: http://purl.umn.edu/43477
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THE ROLE OF AGRIBUSINESS IN DEVELOPMENT: REPLACING THE DIMINISHED ROLE OF THE GOVERNMENT IN RAISING RURAL INCOMES AgEcon
Stanton, Julie V..
With increasing efforts to promote free markets, one must ask whether the impact on some agricultural producers may be less than desirable. Small producers with limited access to capital, technical assistance, and competitive buyers may be unable to participate in new marketing opportunities. Without recommending a return to heavy government, this article suggests development policy be enlarged to encompass agribusiness enterprises. Localized agribusiness can help rural populations capture value added that is otherwise lost to external agents. This may require, however, a different governmental role, primarily in the provision of basic infrastructure, transparent policies, and the continued emphasis on availability of capital and technology.
Tipo: Journal Article Palavras-chave: Agribusiness; Agroindustry; Development strategies; Economic reform; Nonfarm income; Public policy; Rural income; Smallholder agriculture; Agribusiness; Community/Rural/Urban Development.
Ano: 2000 URL: http://purl.umn.edu/14662
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