Rain follows the plow and dryfarming doctrine: The climate information problem and homestead failure in the upper great plains, 1890-1925

成果类型:
Review
署名作者:
University of Arizona; National Bureau of Economic Research
刊物名称:
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN:
0022-0507
发表日期:
2002
页码:
86-120
关键词:
canadian prairies UNITED-STATES dry settlement drought RISK
摘要:
The weather-information problem faced by settlers of semi-arid regions of the Great Plains hindered their attempts to adapt their crops, techniques, and farm sizes. Episodes of homestead settlement and collapse in western Kansas in 1893-1894 and in eastern Montana in 1917-1921 are examined. A Bayesian learning model indicates how new climate information was incrementally incorporated to revise views of agricultural prospects. Primary data show homesteaders' lagged response to new drought information and illustrate drought's differential impact on small farms. Dryfarming doctrine, despite its optimistic claims, was an imperfect response to drought. Indeed, some dryfarming practices hastened homestead failure.