Changes in the distribution of farm wealth in the United States

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

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

This paper examines the changes in farm sector wealth from 1949 through 2002. The study uses Theil’s entropy-based measure of inequality of farm wealth for 10 regions of the United States. The entropy measure is then used to decompose U.S. inequality into within-region and between-region differences. Results show that for the period 1949 to 1993, relative to the number of farms per state, farm wealth in the United States became more equally distributed. However, beginning in 1994, findings suggest inequality in wealth may be increasing.

Original languageEnglish (US)
Pages (from-to)119-134
Number of pages16
JournalAgricultural Finance Review
Volume67
Issue number1
StatePublished - May 5 2007
Externally publishedYes

Keywords

  • Farm wealth
  • Inequality
  • Regional decomposition
  • Theil’s inequality

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Agricultural and Biological Sciences (miscellaneous)
  • Strategy and Management

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