Farm Labor: Key Conceptual and Measurement Issues on the Route to Better Farm Cost and Return Estimates

Wallace Huffman

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: •Labor-is one* of-the important inputs in agricultural production. :How it is measured and- valued is.'important for establishing the marginal cost .of agricultural . commodities and .labor's- share of the cost of production. Historically in agricultural commodity cost?return methods,' labor and management have been treated as distinct, unrelated, or disconnected inputs. A variety of reasons undoubtedly exist for this separation. .The^perspective that leads to a separation of;labor and management, however,•as hot in tune.-.with-advances'-over the. past two .decades in the-modern concept of labor from.labor.economics or with econometric studies of. off-farm labor ^supply of farm household ..members and agricultural production.

Date: 1996-04-01
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Working Paper: FARM LABOR: KEY CONCEPTUAL AND MEASUREMENT ISSUES ON THE ROUTE TO BETTER FARM COST AND RETURN ESTIMATES (1996)
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