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Abstract

Increasing the productivity of the agricultural industry remains at the forefront of minds across the public and private sectors. Advances in agricultural technologies, improved management practices, better crop genetics, and more have helped expand the per acre efficiency of U.S. crop production. For example, the amount of corn produced per harvested acre, or yield, in the United States grew from 38.2 to 152.6 bushels from 1950 to 2010. Combined with global advances in productivity, the consumer-inflation-adjusted cost of corn dropped by 66% over those 60 years.

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