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The Asset Devaluation Problem

Published online by Cambridge University Press:  28 April 2015

Harold F. Breimyer
Harold F. Breimyer*
Affiliation:
Department of Agricultural Economics, University of Missouri-Columbia
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Extract

Virtually every economic situation in agriculture has an unmatched pair of implications that may be called the proximate and the ultimate. Devaluation of the fixed assets of agriculture has a meaning of enormous significance in the here-and-now — the proximate. It bears not so much on impersonal gross measures of productivity and output but on the human element. Loss of farm asset values is a major blow to the hopes and aspirations of hundreds of thousands of farmers, bringing intense emotional distress and even suicides.

Type
Invited Papers and Discussions
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 1 , July 1986 , pp. 79 - 82
Copyright
Copyright © Southern Agricultural Economics Association 1986

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References

Breimyer, Harold F. “Agriculture and the Political Economy.” Challenge, 28(November-December 1985a):15–21.Google Scholar
Breimyer, Harold F. “Inflation Control, Variable Interest Rates, and the Financial Crisis in Agriculture.” AAEA Newsletter, 7, 2(1985b):23–24.Google Scholar
Raup, Philip M. “What Prospective Changes May Mean for Agriculture and Rural America.” Farm Policy-the Emerging Agenda, Special Report 338, College of Agriculture, University of Missouri-Columbia, 1985.Google Scholar
Tweeten, Luther and Pongtanakorn, Chaipont. “Input Market Performance in a Period of Financial Stress: The Case of Farm Real Estate.” Paper presented at York Distinguished Lecture Series, Auburn University, Alabama; November 18-19, 1985.Google Scholar