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US agricultural subsidies may have merits, but rural economic development is not one them.

Weber, Jeremy G. (2015) US agricultural subsidies may have merits, but rural economic development is not one them. USApp - American Politics and Policy Blog (21 Sep 2015). Blog.

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Abstract

Each year the US federal government spends billions on farm subsidies, with policy makers often justifying the expense on the grounds that it helps to support the rural economy. In new research, Jeremy G. Weber looks at who really benefits from improvements in agricultural profitability. He finds that farmers and property owners captured 94 percent of income gains from higher agricultural revenues, while laborers and non-farm workers only captured 3 percent. He argues that the rise of technological innovation in farm equipment has reduced the need for labor, severely weakening the link between crop agriculture and the rural economy.

Item Type: Online resource (Blog)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2015 The Author(s) CC BY-NC 3.0
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JK Political institutions (United States)
S Agriculture > S Agriculture (General)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 08 May 2017 07:56
Last Modified: 08 May 2017 07:56
URI: http://eprints.lse.ac.uk/id/eprint/75767

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