Accelerated Productivity Growth Offsets Decline in Resource Expansion in Global Agriculture

Rapid increases in agricultural commodity prices during 2006-08 raised concerns that agricultural productivity growth may not be keeping up with increasing demand for agricultural commodities. ERS has developed a new index of total factor productivity (TFP) in global agriculture to provide a more comprehensive understanding of longrun sources of agricultural output growth. ERS research shows that the average rate of growth in global agricultural TFP has accelerated in recent decades and accounts for an increasing share of growth in agricultural production. Faster TFP growth has offset declining growth in agricultural land, labor, and other resources, although TFP growth across countries and global regions remains unevenly distributed.


Issue Date:
2010
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/121897
Published in:
Amber Waves
Page range:
46-61
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-26

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