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I realize that my submissions generally don't
measure up to the quality standards of the list and for that reason deserve to
be ignored, but perhaps those in need of a little pro bono work might
offer some enlightenment on the following perplexing matter.
The Economic Research Service of the USDA produces
an abundance of data on the condition of US agricultural production.
I find particularly interesting that table on
capital stock 1948-1999 which shows an approximate 50% increase in capital stock
for the entire period, yet a real, and dramatic decline of some 33%
between 1983 and 1999. Now this makes sense to me, given the
"overweighted" portion of production value contributed by farms with sales
greater than $1,000,000-- the ability of concentrated capital stock to be
be smaller in volume, but denser in output and to "absorb" greater amounts
of manufactured and farm based inputs.
However, when looking at the DofC BEA NEA tables
for investment in and net stock valuation of non-residential, private fixed
investments for farms, such valuations show no decline but an increase for the
1983-1999 period.
I'm having some difficulty reconciling the two, or
even finding the paths of divergence.
Has somebody encountered the same issue and perhaps found an
explanation?
Note to Sabri: The guy who knows what heteroskadastic (sp?) means
doesn't understand obfuscation? That's precious.
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