Best Tractors

Best Tractors

Agricultural employment also fell substantially, both in absolute and relative terms, and labor was redeployed outside agriculture. The number of workers per farm was stable, while farm sizes grew rapidly from an average of 167 acres in 1950 to 401 acres in 1978.
The pace of mechanization is influenced by three other economic factors: capital scarcity and energy costs, farm size, and subsidies. Capital scarcity and energy costs. Poor societies have smaller capital stocks than rich ones, and the cost of capital (in terms of labor) is higher. High capital costs retard mechanization in several ways.

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Agricultural employment also fell substantially, both in absolute and relative terms, and labor was redeployed outside agriculture. The number of workers per farm was stable, while farm sizes grew rapidly from an average of 167 acres in 1950 to 401 acres in 1978.
The pace of mechanization is influenced by three other economic factors: capital scarcity and energy costs, farm size, and subsidies. Capital scarcity and energy costs. Poor societies have smaller capital stocks than rich ones, and the cost of capital (in terms of labor) is higher. High capital costs retard mechanization in several ways.

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