We could make a strong case for US and Canadian productivity gains in our Ag community to be relatively similar and mirror for practical purposes....
This was in this weeks DTN Fri Jan 29, 2016 06:07 AM CST
By DTN's Washington Insider;
US Ag Output Growth Driven By Productivity Gains
Rising U.S. agricultural total factor productivity (TFP) was seen between 1948 and 2013, as total agricultural output rose, while total agricultural inputs remained relatively flat, the Economic Research Service (ERS) reported.
TFP measures the difference between the aggregate total output of crop and livestock commodities relative to the total use of land, capital and material inputs. Growing TFP is indicative of efficiency gains due to new technology and improved management of farm resources.
U.S. farm sector output grew 170% between 1948 and 2013, while total farm inputs held steady during the same period, the gains resulted in a concurrent increase in TFP. Though inputs in the aggregate were mostly unchanged, but the composition of inputs has changed dramatically.
Labor use declined by 78% and land use dropped by 26% between 1948 and 2013, while the use of intermediate goods such as energy, chemicals and feed increased over the same period. Innovations in animal and crop genetics, chemicals, equipment and farm resource organization have been the primary driver of long-term agricultural productivity gains.
This was in this weeks DTN Fri Jan 29, 2016 06:07 AM CST
By DTN's Washington Insider;
US Ag Output Growth Driven By Productivity Gains
Rising U.S. agricultural total factor productivity (TFP) was seen between 1948 and 2013, as total agricultural output rose, while total agricultural inputs remained relatively flat, the Economic Research Service (ERS) reported.
TFP measures the difference between the aggregate total output of crop and livestock commodities relative to the total use of land, capital and material inputs. Growing TFP is indicative of efficiency gains due to new technology and improved management of farm resources.
U.S. farm sector output grew 170% between 1948 and 2013, while total farm inputs held steady during the same period, the gains resulted in a concurrent increase in TFP. Though inputs in the aggregate were mostly unchanged, but the composition of inputs has changed dramatically.
Labor use declined by 78% and land use dropped by 26% between 1948 and 2013, while the use of intermediate goods such as energy, chemicals and feed increased over the same period. Innovations in animal and crop genetics, chemicals, equipment and farm resource organization have been the primary driver of long-term agricultural productivity gains.
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