Long-run food price changes respond to long-run changes in food demand, quasi-fixed and variable production factors, and agricultural productivity. Recent global food-price volatility puts a renewed spotlight on the trends and sources of any agricultural productivity growth. Because food prices’ most critical effects are on human hunger, it is especially...
The performance of the meat products industry, the largest food processing sector in the U.S. in terms of shipment value, is an important issue. A key indicator of its performance is productivity growth, which results in reduction in the cost of production at given input prices. The present study employs...
The grain milling industry has undergone substantial change during the past several decades in technical as well as industry structure. This study seeks to determine how industry performance, as reflected in productivity growth, has varied since the 1950's. Productivity growth is represented primarily by its dual rate, the percentage reduction...