This paper investigates the effect of a large negative agricultural shock, the boll weevil, on black-white inequality in the first half of the twentieth century. To do this we use complete count census data to generate a linked sample of fathers and their sons. We find that the boll weevil...

According to USDA's Economic Research Service (ERS), the national net farm income, a key indicator of U.S. farm well-being, is forecast at a record 121 billion in 2013, up 6% from last year, and about 3 billion above 2011's previous record. In addition to record net farm income, farm wealth is...