WHY ARE FARMS GETTING LARGER? THE CASE OF THE U.S.
| dc.creator | MacDonald, James M. | |
| dc.date | 2017-04-01T18:30:16Z | |
| dc.date.accessioned | 2026-07-09T05:46:01Z | |
| dc.description | Agricultural production continues to shift to larger farms in the U.S. I show that the shift is persistent over time, large, and ubiquitous across commodities. I review theories of farm size, and classify three channels for analysis: 1) scale effects, through technological economies and managerial diseconomies; 2) the roles of relative factor prices and factor shares; and 3) policy and institutions. Finally, I evaluate the empirical evidence on the forces driving structural change, distinguishing between crops and livestock because of important differences in the role of scale economies and coordination, and I offer some directions for the future. | |
| dc.identifier | doi:10.22004/ag.econ.115361 | |
| dc.identifier | https://ageconsearch.umn.edu/record/115361/files/MacDonald.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/115361 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/568094 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/115361 | |
| dc.title | WHY ARE FARMS GETTING LARGER? THE CASE OF THE U.S. | |
| dc.type | Text |