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Productivity gains shrink farming land and labor inputs
Lead author Sun Ling Wang of USDA ERS notes a 25 percent land reduction and 78 percent labor cut boosted output, with consumers as main beneficiaries. Despite higher yields, inflation adjusted food prices fell, freeing more household income for nonfood spending.
MENTIONED IN THIS ARTICLE
Sun Ling Wang
USDA
Economic Research Service
Wang
U.S
Iowa
South Dakota
North Dakota