By Milton C. Hallberg
By way of studying the fluctuations of the agriculture quarter during the last 50 years, Economic developments in US Agriculture and foodstuff structures in view that global battle II is in a position to provide its readers a greater glimpse on the way forward for farming.
Author Milton C. Hallberg information the prior and power adjustments within the variety of farms and farm measurement; farm source of revenue and charges and wealth of farm households; and costs got, costs paid, and variability of costs. via numerous pix and tables, Hallberg in actual fact provides his case for persevered inoovations and worthwhile policies.
This publication is meant to be a source for college students of agriculture yet fans of agricultural heritage also will locate it useful reading.Content:
Chapter 1 advent (pages 1–6):
Chapter 2 Agriculture's value within the nationwide economic system and Political weather (pages 7–11):
Chapter three Farm Numbers and Sizes (pages 13–20):
Chapter four Farm family members source of revenue and Wealth (pages 21–25):
Chapter five Farm possession, Tenancy, and sort (pages 27–29):
Chapter 6 source Use in Agriculture (pages 31–34):
Chapter 7 Farm resources and Farm Debt (pages 35–39):
Chapter eight costs: acquired, Paid, and Variability (pages 41–45):
Chapter nine Agricultural productiveness and its Implications for Farmers (pages 47–54):
Chapter 10 Agricultural Exports and Imports (pages 55–58):
Chapter eleven overall and govt shares of Agricultural Commodities (pages 55–58):
Chapter 12 executive aid for Farmers (pages 61–66):
Chapter thirteen Agricultural Cooperatives (pages 67–69):
Chapter 14 household intake of meals items and foodstuff advertising and marketing expenditures (pages 71–77):
Chapter 15 Food?Processing, Wholesaling, and Retailing Industries (pages 79–83):
Chapter sixteen precis (pages 85–88):
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Extra resources for Economic Trends in U.S. Agriculture and Food Systems Since World War II
S. S. dollar will now go farther than it did before in the purchase of foreign goods. The value of agricultural exports as a percentage of cash receipts from farm marketings increased from slightly more than 10 percent in 1950 to 15 percent in 1970 and to nearly 3 0 percent in 1980-81 and again in the mid-rggos (Fig. 1). S. S. S. dollar to be openly traded on the world currency markets. Foreign demand for food outstripped foreign supply, making food-importing countries increasingly dependent on the United States as residual supplier.
1 Debt-asset ratio in farming in the United States, 1950-98. 35 1985 1990 1995 Dollars 300 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 Figure 7 . 2 Real agricultural debt per acre of land in farms in the United States, 1950-98. , the interest rate). Algebraically the expected relationship between these variables can be expressed as V = R/i where V is the current value of land, R is the expected returns to land, and i is the interest rate. Rearranging terms in this equation leads us to conclude that land returns should result in land values such that WV approximates the competitive return on money invested in land, that is, R/V = i.
Business Organizations in Farming Data on the form of business organization in farming are available only from the last five censuses. In 1997, about 86 percent of the two million farms in the United States were operated by individuals or families, about 9 percent by partnerships, 4 percent by familyheld corporations, less than one-half of I percent by business corporations, and nearly I percent by agricultural cooperatives and public institutions (Table 5 . 2 ) . Over the five census years for which data are available, there has been little change of significance in the relative importance of these different types of business organizations in agriculture.
Economic Trends in U.S. Agriculture and Food Systems Since World War II by Milton C. Hallberg