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Management Entry Into U.S. Agriculture

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  • G. S. Tolley

Abstract

The view that agriculture is undergoing replacement of one kind of human capital by another is offered as alternative to the traditional view that resources are chronically oversupplied to farming. The hypothesis that high level management farms have experienced favorable cost curve shifts explains farm number declines as primarily replacement of many low management by fewer high management farms. The replacement raises efficiency modestly. Occupational supply behavior relations for management levels lead to inferences about income distribution and future structure of agriculture. A price-income policy is suggested to compensate outmoded management for obsolescence.

Suggested Citation

  • G. S. Tolley, 1970. "Management Entry Into U.S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(4), pages 485-493.
  • Handle: RePEc:oup:ajagec:v:52:y:1970:i:4:p:485-493.
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    File URL: http://hdl.handle.net/10.2307/1237255
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    Cited by:

    1. Smith, Matthew G., 1987. "Entry, Exit, and the Age Distribution of Farm Operators, 1974-82," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 39(4), pages 1-10.
    2. Naseem, Anwar & Oehmke, James F. & Anderson, Jock & Mbaye, Samba & Pray, Carl & Nagarajan, Latha & Moss, Charles B. & Post, Lori, 2017. "Measuring Agricultural and Structural Transformation," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258549, Agricultural and Applied Economics Association.
    3. Jan FaƂkowski, 2010. "Zmiany liczby gospodarstw rolnych w Polsce w okresie transformacji," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 89-108.
    4. Lin, William W. & Coffman, George & Penn, J. B., 1980. "U.S. Farm Numbers, Sizes, and Related Structural Dimensions: Projections to Year 2000," Technical Bulletins 157730, United States Department of Agriculture, Economic Research Service.

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