US agricultural economic growth in this century has been characterized by a slow rise in the demand for food and faster growth in farm output as against nonfarm productivity. In such an environment, one expects the size of the farm sector to decline as a share of the rest of the economy. What is...

Grafting an adjustment equation onto an input-output based projection model improves the predictive performance of the unadjusted model and results in a relatively sensitive estimator of both the level of and changes in nominal and real gross farm product.