Ag as Microcosm Changes in U.S. farm size over recent years has witnessed an increase in the number of large, very profitable operations and an increase in the number of small farms, as the share considered medium-sized has been shrinking. The large farms produce the vast majority of commercial crops and reap most of the economic rewards. This dynamic is expressed as income inequality when the focus is average families in the overall economy. Some demand a policy solution, but analysis by the White House Council of Economic Advisors reveals that the phenomenon of income shifting away from labor and toward capital is occurring across dozens of rich and poor countries alike. Instead, the cause of this general economic shift is likely to...

TAGS – Asia, North America