AGRICULTURAL PRODUCTIVITY REVISITED

This paper describes production accounts for agriculture. Output is de fined as gross production leaving the farm as opposed to real value ad ded. Inputs are not limited to capital and labor but include intermedi ate inputs as well. We derive index numbers of gross output, capital, labor, and intermediate inputs. These data are used to construct index es of total factor productivity. We then compare the contributions of input growth and productivity growth to economic growth. The important role of productivity growth in agriculture becomes immediately appare nt.