| 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 |
|
| Oregon Farm Gross Value-added as % of Final Farm sales | 50.86% | 53.91% | 54.97% | 54.98% | 55.63% | 54.11% | 55.39% | 59.70% | 59.48% | 60.16% | 57.37% | 56.96% | 54.56% | 57.14% | 58.46% | 55.17% |
| U.S. Farm Gross Value-added as % of Final Farm sales | 49.55% | 46.10% | 51.37% | 52.04% | 50.30% | 52.98% | 54.01% | 55.35% | 57.39% | 53.86% | 53.79% | 52.48% | 49.52% | 52.48% | 50.40% | 49.35% |
| Difference (Oregon - U.S.) | 1.31% | 7.81% | 3.60% | 2.93% | 5.33% | 1.13% | 1.39% | 4.35% | 2.08% | 6.30% | 3.58% | 4.48% | 5.03% | 4.66% | 8.06% | 5.81% |
|
| Oregon Farm Net Value-added as % of Final Farm sales | 38.82% | 41.41% | 41.50% | 37.18% | 37.78% | 38.90% | 41.00% | 46.22% | 47.54% | 49.59% | 47.35% | 47.05% | 44.44% | 47.12% | 49.13% | 46.06% |
| U.S. Farm Net Value-added as % of Final Farm sales | 36.59% | 31.59% | 37.03% | 36.99% | 33.86% | 39.91% | 41.43% | 43.03% | 46.11% | 43.05% | 43.76% | 42.83% | 39.59% | 42.93% | 40.71% | 40.37% |
| Difference (Oregon - U.S.) | 2.23% | 9.82% | 4.47% | 0.19% | 3.91% | -1.02% | -0.44% | 3.20% | 1.42% | 6.54% | 3.60% | 4.23% | 4.84% | 4.20% | 8.41% | 5.70% |
|
| Oregon Net Farm Income as % of Final Farm sales | 16.88% | 17.98% | 16.82% | 11.39% | 11.52% | 11.70% | 15.60% | 22.82% | 19.34% | 24.34% | 20.97% | 19.26% | 17.72% | 17.56% | 19.12% | 14.88% |
| U.S. Net Farm Income as % of Final Farm sales | 18.36% | 10.91% | 16.35% | 14.84% | 9.86% | 16.36% | 18.74% | 21.52% | 25.11% | 23.03% | 24.87% | 23.68% | 20.89% | 25.05% | 22.19% | 22.73% |
| Difference (Oregon - U.S.) | -1.47% | 7.08% | 0.47% | -3.45% | 1.67% | -4.66% | -3.14% | 1.30% | -5.76% | 1.31% | -3.90% | -4.41% | -3.18% | -7.49% | -3.07% | -7.85% |
|
| Oregon Farm Property taxes as % of Final Farm Sales | 2.96% | 2.83% | 2.91% | 3.90% | 4.18% | 4.08% | 4.24% | 4.25% | 4.02% | 3.63% | 3.52% | 3.84% | 3.85% | 4.04% | 3.86% | 4.02% |
| U.S. Farm Property taxes as % of Final Farm Sales | 2.59% | 2.63% | 2.58% | 2.50% | 3.09% | 2.72% | 2.96% | 3.20% | 3.20% | 3.04% | 2.88% | 3.01% | 3.15% | 3.16% | 3.32% | 3.20% |
| Difference (Oregon - U.S.) | 0.37% | 0.20% | 0.32% | 1.41% | 1.09% | 1.36% | 1.28% | 1.05% | 0.82% | 0.59% | 0.64% | 0.83% | 0.69% | 0.89% | 0.54% | 0.81% |
|
| Oregon Farm Property Taxes as % of Net Farm Income | 17.55% | 15.72% | 17.28% | 34.26% | 36.31% | 34.85% | 27.18% | 18.61% | 20.81% | 14.91% | 16.78% | 19.91% | 21.70% | 23.02% | 20.16% | 27.00% |
| U.S. Farm Property Taxes as % of Net Farm Income | 14.12% | 24.11% | 15.80% | 16.82% | 31.34% | 16.61% | 15.79% | 14.85% | 12.76% | 13.21% | 11.58% | 12.70% | 15.08% | 12.60% | 14.94% | 14.10% |
| Difference (Oregon - U.S.) | 3.43% | -8.39% | 1.49% | 17.44% | 4.97% | 18.24% | 11.39% | 3.76% | 8.05% | 1.70% | 5.20% | 7.21% | 6.62% | 10.42% | 5.22% | 12.90% |
|
| Oregon Farm Sales Per $ Spend on Labor ($ return to farm by labor) | $11.01 | $11.59 | $12.45 | $11.71 | $11.83 | $11.14 | $10.52 | $10.59 | $11.04 | $10.70 | $10.41 | $8.59 | $8.30 | $8.57 | $9.05 | $9.02 |
| U.S. Farm Sales Per $ Spend on Labor ($ return to farm by labor) | $18.68 | $17.89 | $20.68 | $19.41 | $17.92 | $19.24 | $17.99 | $17.09 | $17.48 | $16.56 | $16.94 | $15.11 | $14.89 | $15.57 | $14.32 | $15.22 |
| Difference in $ return to farm by labor (Oregon - U.S.) | ($7.68) | ($6.31) | ($8.23) | ($7.70) | ($6.09) | ($8.11) | ($7.47) | ($6.50) | ($6.44) | ($5.85) | ($6.53) | ($6.52) | ($6.59) | ($7.00) | ($5.28) | ($6.20) |
|
| Oregon Farm Sales Per $ Spend on Capital ($ return to farm by capital) | $8.31 | $8.00 | $7.42 | $5.62 | $5.60 | $6.57 | $6.95 | $7.42 | $8.37 | $9.45 | $9.98 | $10.10 | $9.88 | $9.98 | $10.72 | $10.98 |
| U.S. Farm Sales Per $ Spend on Capital ($ return to farm by capital) | $7.72 | $6.89 | $6.97 | $6.64 | $6.08 | $7.65 | $7.95 | $8.11 | $8.87 | $9.25 | $9.96 | $10.36 | $10.07 | $10.46 | $10.32 | $11.13 |
| Difference in $ return to farm by capital (Oregon - U.S.) | $0.59 | $1.11 | $0.45 | ($1.02) | ($0.48) | ($1.08) | ($1.01) | ($0.69) | ($0.49) | $0.21 | $0.02 | ($0.27) | ($0.19) | ($0.48) | $0.39 | ($0.15) |
|
| Oregon Farm Employee Compensation as % of Farm Sales= (WL/PQ) | 9.08% | 8.63% | 8.03% | 8.54% | 8.46% | 8.98% | 9.51% | 9.44% | 9.06% | 9.34% | 9.61% | 11.64% | 12.05% | 11.67% | 11.06% | 11.09% |
| U.S. Farm Employee Compensation as % of Farm Sales= (WL/PQ)us | 5.35% | 5.59% | 4.84% | 5.15% | 5.58% | 5.20% | 5.56% | 5.85% | 5.72% | 6.04% | 5.90% | 6.62% | 6.72% | 6.42% | 6.98% | 6.57% |
| Difference (Oregon - U.S.)=(W/(P*APL))in Oregon>(W/(P*APL))us. | 3.73% | 3.04% | 3.20% | 3.39% | 2.88% | 3.78% | 3.95% | 3.59% | 3.34% | 3.30% | 3.70% | 5.02% | 5.33% | 5.25% | 4.07% | 4.52% |
| The positive difference (Oregon-U.S.) implies (APL / W) in Oregon < APL / W) in US. |
| Where, APL stands for average product of labor. This implies that: |
| (1) If wages are identical in Oregon and U.S, then Oregon's |
| APL<U.S. APL, |
| (2) If APLs in both region are identical, then higher wages in Oregon |
| relative to U.S. can cause lower APL per $ of wage in Oregon, |
| (3) If APL in Oregon >APL in U.S., then wages in Oregon should |
| be much higher than wages in U.S. to cause positive difference |
|
| Oregon Farm Capital Consumption as % of Farm Sales= (rK/PQ) | 12.04% | 12.50% | 13.47% | 17.80% | 17.85% | 15.21% | 14.40% | 13.48% | 11.94% | 10.58% | 10.02% | 9.90% | 10.12% | 10.02% | 9.33% | 9.10% |
| U.S. Farm Capital Consumption as % of Farm Sales= (rK/PQ) | 12.95% | 14.51% | 14.34% | 15.06% | 16.43% | 13.07% | 12.57% | 12.33% | 11.28% | 10.81% | 10.04% | 9.65% | 9.93% | 9.56% | 9.69% | 8.98% |
| Difference (Oregon - U.S.)=[(r/(P*APK))in Oregon]-[(W/(P*APK))us]. | -0.91% | -2.01% | -0.87% | 2.74% | 1.42% | 2.15% | 1.82% | 1.15% | 0.66% | -0.24% | -0.02% | 0.25% | 0.19% | 0.46% | -0.36% | 0.12% |
| The positive difference (Oregon-U.S.) implies (APK / r) in Oregon < APK / r) in US. |
| Where, APK stands for average product of capital. This implies that: |
| (1) If cost of capital (r) are identical in Oregon and U.S, then Oregon's |
| APK<U.S. APK, |
| (2) if APKs in both region are identical, then higher cost of capital in Oregon |
| relative to U.S. can cause lower APK per $ of (r) in Oregon, |
| (3) If APK in Oregon >APK in U.S., then cost of capital in Oregon should |
| be much higher than capital cost in U.S. to cause positive difference |
| (4) Because of capital mobility, it is most likely that the cost of capital is the same in |
| both regions. Thus when the difference is positive APK in Oregon is more than |
| APK in U.S., and when the difference is negative the APK in Oregon > APK in U.S. |
| low differences over time indicate capital productivity in both regions is identical. |