Typical Family-Operated Farms, 1930-45

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Excerpt from Typical Family-Operated Farms, 1930-45: An Historical Look to the FuturePrices and weather. These are a major concern of farmers everywhere. Weathex they can't do much about. So fam peo'ple worry about the weather and try to do something about prices as a means of improving their lot. And with good reason, as illustrated in figure 3. Faun-product prices are highly responsive to changes in general economic conditions. Prices paid by farmers, on the other hand, are much more stable even when wages paid to hired labor are included, as they are in these dex series. Consequently, the ups and downs in prices received are very largely reflected in net farm income. These facts were significantly recognized when parity was first defined in terms of gioes which would give farm products a purchasing power equivalent to that in the base period. Even though economic equality is a matter of income, to most people parity prices still seem the chief element of the parity concept. Parity prices calculated in terms of relative changes in the indexe of United States average prices received and paid by farmers from their respective 1910-14 average levels.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.