Sharecropping and Agricultural Uncertainty

@article{Reid1976SharecroppingAA,
  title={Sharecropping and Agricultural Uncertainty},
  author={Jr. Joseph D. Reid},
  journal={Economic Development and Cultural Change},
  year={1976},
  volume={24},
  pages={549 - 576}
}
For a long time and in many different countries much of agricultural production has taken place under sharecropping, in which a tenant supplies his labor (and perhaps some of the other inputs) in return for a share of the crop. Agriculturalists and economists have traditionally looked askance at sharecropping. Adam Smith thought it would prevent desirable land improvements and encourage inefficient methods of production, and most subsequent writers have agreed.' But the temporal and… 
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References

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On the eve of the Civil War southern per capita real income was eighty percent of northern. Treating slaves as property, real income per free southerner was four percent greater and growing at the…
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