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U.S. Farm Capital Investment 1996--2013: Differences By Farm Size And Operator Primary Occupation, Sarah Stutzman
U.S. Farm Capital Investment 1996--2013: Differences By Farm Size And Operator Primary Occupation, Sarah Stutzman
Open Access Dissertations
This study analyzes U.S. farm level investment in machinery, equipment and structures between 1996-2013. A synthetic panel is constructed using annual cross-sectional farm level observations from the Agricultural Resource Management Survey (ARMS). Cohorts are formed by grouping farms into similar categories based upon farm production type, region and farm typology. This methodology allows the use of fixed effects to control for cohort specific and time-invariant similarities in investment levels, addresses non-investment in a single period by using cohort average investment rates, and allows links between investment levels and other key determinants across cohorts over time.
Within farm typologies, farms are …