Diminishing Returns in View of Progress in Agricultural Production

@inproceedings{SchultzDiminishingRI,
  title={Diminishing Returns in View of Progress in Agricultural Production},
  author={Theodore W. Schultz}
}
Although the State of Iowa was fully settled by 1890, it has since then doubled its crop production, notwithstanding a 20 per cent decline in farm population.2 The increased productivity of the farm people of Iowa is, I believe, an instance of general significance for undoubtedly what has taken place in Iowa is to a degree characteristic of the development of much of the agriculture of the United States. In this paper I want to give the results of a study of Iowa crop production and as the… CONTINUE READING

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