Miljkovic, Dragan; Jin, Hyun Joung; Paul, Rodney - Department of Agribusiness and Applied Economics, North … - 2007
The paper emphasizes three interrelated questions about the decline in relative farm to non-farm prices in the United States since 1973; 1) Is it unusual, 2) What caused it, and 3) Is it likely to continue? We find that based on historical and international evidence this phenomenon may be considered...