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The Agricultural Situation, Vol. 15: A Brief Summary of Economic Conditions; January 1, 1931 (Classic Reprint)

The Agricultural Situation, Vol. 15: A Brief Summary of Economic Conditions; January 1, 1931 (Classic Reprint)

          
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About the Book

Excerpt from The Agricultural Situation, Vol. 15: A Brief Summary of Economic Conditions; January 1, 1931

Iowa stood as one of the favored sections throughout the entire crop' season Of 1930 in spite of the exaggerated drought psychology which entertained the public mind during the summer. The total crop output was only about 8 per cent below the average for the 5-year period (1925 The disparity, however, between the price level at which the Iowa farmer must now sell and that at which he must buy is the significant element, in the reduced farm income of the year. Thoughts of crop surpluses in other seasons, with their accompanying low-price relationships, do not fit into the present picture Of the whole country with a crop output below average and prices at the lowest point in years.' Although the weather conditions Of the year were not adverse in the extreme to the Iowa farmer, the market toward the close Of the year has taken some additional and disappointing toll.

The index number of the prices for Iowa farm products for Decem ber was lower than for any month during the past six years. Price relatives for some commodities are above the 5-year base (1910 particularly for hogs, cattle, corn, butter, eggs, and poultry, but below the base average for sheep and small grain.

The combined production of 15 Iowa crops in 1930 was about tons, or about 8 per cent smaller than the average total Of tons for the 5-year period (1925 Corn production fell short of the 5-year average production by 17 per cent, but the important small-grain crops were above the average by the following percentages: Winter wheat, 14 per cent; spring wheat, 4 per cent; oats, 11 per cent; barley, 14 per cent; flax, 87 per cent; and tame hay, 4 per cent. These same 15 crops in their aggregate production were 14 per cent smaller than the production in 1929.

While the total production Of these crops shows only a small decrease in relation to the average, the value fell about or 21 per cent below the average, due to the lower farm prices as based upon December 1 reports.

The farm real-estate picture took on a favorable tint as viewed from the changing valuation level since 1921. The index number of esti mated value per acre of all farm land with improvements on March 1, 1930, was 113 per cent Of the 1912 - 1914 base average. This was a decline Of only 3 per cent and was a considerably smaller rate of change than any year since 1921, excepting for March 1, 1929, when a change Of but 1 per cent was indicated. It is evident that continued progress in readjustment has been made from year to year and that no apprehension is felt for further adjustment to accompany the improve ment in the general economic situation. Since farm real-estate values reflect the judgment Of the future as well as the experience Of the past, our Iowa reporters may be expected to show improvement in land values in 1931 only in case the composite condition and the attitude Of agriculture show corresponding readjustments.

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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This 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.


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Product Details
  • ISBN-13: 9781396783562
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • ISBN-10: 1396783563
  • Publisher Date: 13 Oct 2018


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