U.S. Farm Output: It's Export Dependent

U.S. farm output, from the 1930s until 1981, increased steadily, but growth stopped in the 1980s. Now, after 9 years of volatility, total farm output is less than it was in 1981. The largest decline occurred in the production of grains and oil crops such as soybeans. This stagnation of the 1980s is not a production capacity problem, however. The U.S. could produce a lot more. Instead, a fall in export demand accounts for the stagnation of production.

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Year of publication:	1991
Authors:	Sharples, Jerry A. ; Hart, Tracy
Published in:	Choices. - Agricultural and Applied Economics Association - AAEA. - Vol. 06.1991, 2
Publisher:	Agricultural and Applied Economics Association - AAEA
Subject:	Crop Production/Industries \| Production Economics

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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