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The Effects of Recession on the Rural-Farm Economy

Published online by Cambridge University Press:  28 April 2015

Bruce L. Gardner
Bruce L. Gardner*
Affiliation:
North Carolina State University
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Extract

This paper consists of two parts. The first is a general view of the consequences of recession, with reference to historical U.S. business downturns. The second considers more specifically the effect of rural industrialization on the sensitivity of the rural economy to general business conditions. Attempts are made to estimate effects of rural industrialization during the 1974-75 recession.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 8 , Issue 1 , July 1976 , pp. 13 - 22
Copyright
Copyright © Southern Agricultural Economics Association 1976

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References

[1] Firch, Robert S. “Stability of Farm Income in Stabilizing Economy,” Journal of Farm Economics, Volume 46, May 1964, pp. 323–340.Google Scholar
[2] Hathaway, Dale E. “Agriculture in an Unstable Economy Revisited,” Journal of Farm Economics, Volume 41, August 1959, pp. 487–499.Google Scholar
[3] Johnson, D. Gale. World Agriculture in Disarray, London: St. Martin's Press, 1973.Google Scholar
[4] Schultz, Theodore W. Agriculture in an Unstable Economy, New York: McGraw-Hill, 1973.Google Scholar
[5] Schultz, Theodore W. “Agriculture in an Unstable Economy—Revisited,” Journal of the Northeastern Agricultural Economics Council, Volume 3, October 1974, pp. 1–10.Google Scholar
[6] Schultz, Theodore W. “The Value of the Ability to Deal with Disequilibria,” Journal of Economic Literature, Volume 13, September 1975, pp. 827–846.Google Scholar
[7] U.S. Department of Commerce, Bureau of the Census. Current Population Reports: Farm Population, P-27, Number 45, September 1974.Google Scholar