Between 1950 and 2000, by how much did the average hourly output of farm workers increase?
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Per the U.S. Department of Agriculture, "Each farmer in 2000 produced on average 12 times as much farm output per hour worked as a farmer did in 1950. The development of new technology was a primary factor in these improvements." Productivity growth is the most important factor in reducing poverty and increasing living standards. However, for the past five years, productivity growth has been lower than any five-year period on record.
DocumentationAgricultural ProductivityImportance of Productivity Growth
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