Globalization has been a great benefit to rural America in that it has opened overseas markets for its agriculture. Yet, there is growing concern that U.S. rural communities will lose not only their share of agricultural trade but also nonfarm jobs to global competition. This article examines how they can remain competitive relative to low-income countries. ESSAYS ON ISSUES THE FEDERAL RESERVE ...

Agriculture in North America is. highly integrated with the other sectors of the economy through markets for farm inputs,' farm products, consumer goods, and labor; During the early 1950s, and to a-iesser-extent during the early 1980s, farm households incomes were depressed-relative to nonfarm household incomes. The reasons"were primarily that the-'supply curve for agricultural products had bee...