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Causes of Low Returns to Farm Labor in the U.S.: An Analysis of Factor Market Interactions
Published online by Cambridge University Press: 10 May 2017
Abstract
Despite massive off-farm migration and relatively prosperous agricultural years, estimates of returns to factors of production indicate that labor earnings in agriculture remain low. This is primarily caused by farm factor market characteristics and the resulting tendency of any increase in farm income to be capitalized into land values.
- Type
- Articles
- Information
- Journal of the Northeastern Agricultural Economics Council , Volume 7 , Issue 1 , April 1978 , pp. 7 - 12
- Copyright
- Copyright © Northeastern Agricultural and Resource Economics Association
Footnotes
Helpful comments by Varden Fuller, Gillian Hart and three anonymous reviewers are gratefully acknowledged.
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