Asset Details
Do you wish to reserve the book?
A Century of U.S. Farm Productivity Growth
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
A Century of U.S. Farm Productivity Growth
Do you wish to request the book?
A Century of U.S. Farm Productivity Growth
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
A Century of U.S. Farm Productivity Growth
2018
Overview
U.S. farm productivity growth has direct consequences for sustainably feeding the world’s still rapidly growing population, as well as U.S. competitiveness in international markets. Using a newly expanded compilation of multifactor productivity (MFP) estimates and associated partial-factor productivity (PFP) measures, we examine changes in the pattern of U.S. agricultural productivity growth over the past century and more. Considering the evidence as a whole, we detect sizable and significant slowdowns in the rate of productivity growth in recent decades. U.S. multifactor productivity grew at an annual average rate of just 1.16% per year during 1990–2007 compared with 1.42% per year for the period 1910–2007. U.S. yields of major crops grew at an annual average rate of 1.17% per year for 1990–2009 compared with 1.81% per year for 1936–1990. More subtly, but with potentially profound implications, the relatively high rates of MFP growth during the third quarter of the century are an historical aberration relative to the long-run trend.
