Nine midwestern states have laws that restrict the involvement of publicly held corporations in agriculture. Opponents argue that the laws' direct efforts to regulate ownership structure may have an adverse indirect impact on size structure. Restricting corporate involvement might stifle the emergence and growth of efficient, large-scale establishments if corporations have advantages over other organizational forms in meeting capital requirements. Since 1982, Nebraska has had an anti-corporate farming law that prohibits corporate ownership of feedlots. We test whether the implementation of the Nebraska law had an impact on the stochastic process governing the evolution of the state's feedlot size distribution.

This book answers the questions: What is happening to American agriculture, and why? Steven C. Blank uses portfolio theory to analyze both macro- and microeconomic data that paints a clear picture of the trends in agriculture, and explains why these trends are consistent with market evolution and global economic development. He clarifies agriculture's specific role in economic development with a focus on the current and future globalizing commodity markets.The book features empirical research that demonstrates the link between farm-level investment decisions and regional and national economic trends. It shows how the dynamic environment of industrialization and globalization of agriculture is part of a continuing development that is driven by technological innovation. This all points to a future with a very different agricultural production sector and some extremely important policy choices that will face the entire country.

"There's no such thing as rural America. Or, rather, as Steven Conn argues, "rural America" is a phrase that has been made to mean so many things that it doesn't mean anything. In fact, he maintains, rural America--so often characterized as in crisis or in danger of being left behind--has been shaped by the same major forces as the rest of the country since at least the end of the Civil War: militarization, industrialization, corporatization, and suburbanization. Conn calls for us to dispense with the fantasies and visions that are often imposed on rural America, in the hopes of more productively addressing the real challenges facing all of America"--