American Farms Keep Growing: Size, Productivity, and Policy
- (pp. 147-66)
AbstractCommercial agriculture in the United States is comprised of several hundred thousand farms, and these farms continue to become larger and fewer. The size of commercial farms is sometimes best-measured by sales, in other cases by acreage, and in still other cases by quantity produced of specific commodities, but for many commodities, size has doubled and doubled again in a generation. This article summarizes the economics of commercial agriculture in the United States, focusing on growth in farm size and other changes in size distribution in recent decades. I also consider the relationships between farm size distributions and farm productivity growth and farm subsidy policy.
CitationSumner, Daniel A. 2014. "American Farms Keep Growing: Size, Productivity, and Policy." Journal of Economic Perspectives, 28 (1): 147-66. DOI: 10.1257/jep.28.1.147
- D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- Q12 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Q18 Agricultural Policy; Food Policy