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Farm Size, Rural Community Income, and Consumer Welfare
Author(s) -
Heady Earl O.,
Sonka Steven T.
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238605
Subject(s) - nonfarm payrolls , welfare , economics , agriculture , agricultural economics , farm income , rural community , demographic economics , socioeconomics , geography , microeconomics , market economy , production (economics) , archaeology
Decline in the number of farms and the resulting increase in average farm size has been a persistent feature of the change occurring in American agriculture throughout the last three decades. Different farm‐size assumptions are examined and their effect on certain key farm and nonfarm variables estimated. None of the alternatives analyzed provides benefits for all groups considered, and policies which may favor any one of these scenarios involve trade‐offs between the variables discussed.