Changes in the distribution of farm wealth in the United States

Ashok K. Mishra; Charles B. Moss; Kenneth W. Erickson

doi:10.1108/00214660780001201

Changes in the distribution of farm wealth in the United States

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

Research output: Contribution to journal › Article › peer-review

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 language	English (US)
Pages (from-to)	119-134
Number of pages	16
Journal	Agricultural Finance Review
Volume	67
Issue number	1
DOIs	https://doi.org/10.1108/00214660780001201
State	Published - May 5 2007
Externally published	Yes

Keywords

Farm wealth
Inequality
Regional decomposition
Theil’s inequality

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics, Econometrics and Finance (miscellaneous)

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10.1108/00214660780001201

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title = "Changes in the distribution of farm wealth in the United States",

abstract = "This paper examines the changes in farm sector wealth from 1949 through 2002. The study uses Theil{\textquoteright}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.",

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AU - Moss, Charles B.

AU - Erickson, Kenneth W.

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N2 - 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.

AB - 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.

KW - Farm wealth

KW - Inequality

KW - Regional decomposition

KW - Theil’s inequality

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Changes in the distribution of farm wealth in the United States

Abstract

Keywords

ASJC Scopus subject areas

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