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Agricultural and Resource Economics Review >
Volume 35, Number 2, October 2006 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/10207
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| Title: | Farm Wealth Inequality Within and Across States in the United States |
| Authors: | Erickson, Kenneth W.
Moss, Charles B.
Mishra, Ashok K. |
| Keywords: | inequality
Theil's inequality
farm wealth
regional decomposition
farm level
farm household
real estate assets
inventories |
| Issue Date: | 2006-10 |
| Abstract: | This paper uses Theil's (1979) entropy-based measure of inequality and farm-level data to
examine changes in farm business wealth (farm equity) of farm households. The farms associated
with farm households are grouped by state into ten regions of the United States. The Theil entropy measure is then calculated and used to decompose total inequality of farm wealth into within-state and across-states (between states) inequalities for each region. Results show that since the enactment of the 1996 Federal Agricultural Improvement and Reform (FAIR) Act, inequality in farm wealth among farms within a state has decreased relative to the number of farms per state, across all regions. Further, most of the reduction in farm wealth inequality is attributed to increased equality in the distribution of real estate assets of the farm
households, a major component of farm wealth. |
| URI: | http://purl.umn.edu/10207 |
| Institution/Association: | Agricultural and Resource Economics Review>Volume 35, Number 2, October 2006 |
| Total Pages: | 14 |
| Language: | English |
| From Page: | 251 |
| To Page: | 264 |
| Collections: | Volume 35, Number 2, October 2006
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| 35020251.pdf | 273Kb | PDF | View/Open |
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