Decision Sciences
8 years ago

UK Agriculture Sees 1.9% Annual Growth in Productivity Since Joining EU

Journal of Agricultural Economics
TOTAL FACTOR PRODUCTIVITY IN UK AGRICULTURE, 1967‐90
Colin Thirtle, Paul Bottomley

Paper Summary

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The article discusses how efficient UK agriculture has been from 1967 to 1990. Total factor productivity (TFP) measures how much output is produced per input, showing how well farms are working. TFP in UK agriculture grew by 1.9% each year, especially after joining the European Community. This growth is due to producing more and using fewer resources. The Common Agricultural Policy (CAP) influenced this by increasing crop output and chemical use on farms.