According to an article in the Wall Street Journal in 2019, Farm incomes have slid despite record
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According to an article in the Wall Street Journal in 2019, “Farm incomes have slid despite record productivity on American farms.” Shouldn’t the ability of farmers to grow more crops per acre of land, as indicated by rising farm productivity, increase the income of farmers rather than lower it? How can you resolve this apparent paradox?
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The apparent paradox of declining farm incomes despite rising farm productivity can be resolved by considering several key factors that affect farmers ...View the full answer
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