Variables | log(No. of Cattle/Acre) (1) | log(No. of Pigs/Acre) (2) | log(No. of Chickens/Acre) (3) | log(Expenditure on Feed) (4) | log(Revenue from Animal Products/Pasture) (5) |
---|---|---|---|---|---|
Proportion protected by shelterbelts* | 0.197 | −0.318 | 0.0576 | 0.173 | |
1945-1950 | (0.122) | (0.196) | (0.175) | (0.211) | |
1954-1959 | 0.562*** (0.187) | −0.137 (0.243) | −0.0726 (0.270) | 0.573** (0.290) | |
1964-1969 | 0.854*** (0.249) | −0.283 (0.346) | 0.588 (0.544) | 0.523 (0.537) | 0.655* (0.363) |
1978-1982 | 0.855*** (0.294) | −0.729* (0.440) | 1.190 (1.115) | 0.660 (0.595) | 0.725 (0.554) |
1987-1992 | 1.004*** (0.352) | −0.803 (0.522) | 0.987 (1.162) | 0.776 (0.646) | 0.783 (0.611) |
Year and county dummies | Yes | Yes | Yes | Yes | Yes |
Outcome variables in 1910-1930 | Yes | Yes | Yes | Yes | Yes |
Other control variablesa | Yes | Yes | Yes | Yes | Yes |
Erosion from the Dust Bowla | Yes | Yes | Yes | Yes | Yes |
Proportion above the Ogallala Aquifera | Yes | Yes | Yes | Yes | Yes |
Observations | 2,574 | 2,547 | 2,400 | 1,628 | 2,568 |
Number of counties | 234 | 234 | 234 | 234 | 234 |
R-squared | 0.702 | 0.972 | 0.934 | 0.902 | 0.940 |
note: Yield of corn in column 2 is missing for 1969 and 1974; yield of all hays in column 3 is missing for 1945; irrigated acreage in columns 4 is also missing for 1945 with its baseline year 1935 (1930 for other variables)
↵a “Other control variables” include rainfall and temperature for each year and all the other variables listed in Table 1 from 1910–1930; “Erosion from the Dust Bowl” from Hornbeck (2012) include proportions of high- and medium-eroded as in Table 1; “Proportion above the Ogallala Aquifer” is from Hornbeck and Keskin (2014). All these variables are time invariant and all interacted with year-dummies. Standard errors clustered at county level in parentheses:
↵*** p < 0.01
↵** p < 0.05
↵* p < 0.1