Cookies?
Library Header Image
LSE Research Online LSE Library Services

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). Website.

[img]
Preview
PDF
Download (197kB) | Preview

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 (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2015 The Author(s) CC BY-NC 3.0
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JK Political institutions (United States)
S Agriculture > S Agriculture (General)
Date Deposited: 08 May 2017 07:56
Last Modified: 14 Sep 2024 00:11
URI: http://eprints.lse.ac.uk/id/eprint/75767

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics