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Changes In The Distribution Of Farm Wealth In The United States

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  • Mishra, Ashok K.
  • Moss, Charles B.
  • Erickson, Kenneth W.

Abstract

This paper examines the changes in the farm sector wealth from 1950 through 1999. The study uses Theil's entropy-based measure of inequality of farm equity by ten regions of the U.S. The entropy-measure is then used to decompose U.S. inequality into within-region and between-region differences. Results show that for the period 1950 to 1993, relative to the number of farms per state, farm wealth in the U.S. became more equally distributed. Further, results show that inequality in wealth may be on the rise in recent years. Key words: inequality, Theil's entropy, farm equity, regional decomposition.

Suggested Citation

  • Mishra, Ashok K. & Moss, Charles B. & Erickson, Kenneth W., 2001. "Changes In The Distribution Of Farm Wealth In The United States," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36079, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waealo:36079
    DOI: 10.22004/ag.econ.36079
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    File URL: https://ageconsearch.umn.edu/record/36079/files/sp01mi01.pdf
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    References listed on IDEAS

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    1. Melichar, Emanuel, 1984. "Farm Wealth Origin: Impact and Implications for Public Policy," Research Bulletins 184145, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. El-Osta, Hisham S. & Mishra, Ashok K., 2005. "Dimensions of Wealth Dispersion Among Farm Operator Households: An Assessment of the Impact of Farm Subsidies," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(1), pages 1-22, April.
    2. Mishra, Ashok K. & El-Osta, Hisham S., 2005. "Wealth Accumulation by Farm Households: Evidence from a National Survey," 2005 Annual meeting, July 24-27, Providence, RI 19573, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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