Hostname: page-component-5cf477f64f-pw477 Total loading time: 0 Render date: 2025-04-08T01:21:31.147Z Has data issue: false hasContentIssue false
  • English
  • Français

Simulating the Impact of Input-Price Inflation on Farm Income

Published online by Cambridge University Press:  28 April 2015

Leroy Quance  and
Luther Tweeten
Leroy Quance
Affiliation:
Agricultural Economics at Oklahoma State University
Luther Tweeten
Affiliation:
Agricultural Economics at Oklahoma State University
Get access Rights & Permissions [Opens in a new window]

Extract

A 1964 survey of 500 wheat producers in Oklahoma and Kansas revealed that the cost-price squeeze is most commonly viewed by farmers as the major cause of chronically low farm income.The cost side of the squeeze is widely attributed to the wage-price spiral caused by cycles of wage and input price increases negotiated between labor unions and imperfectly competitive firms, and to rising taxes and interest rates.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 3 , Issue 1 , December 1971 , pp. 51 - 57
Copyright
Copyright © Southern Agricultural Economics Association 1971

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1.Clawson, Marion, Policy Directions for U. S. Agriculture: Long-Range Choices in Farming and Rural Living, pp. 228–243, Published for Resources for the Future, Inc., by The Johns Hopkins Press, Baltimore, Maryland, 1968.Google Scholar
2.Tweeten, Luther G., “The Demand for United States Farm Output,” Food Research Institute Studies, Vol. VII, No. 3, Stanford University, 1967.Google Scholar
3.Tweeten, Luther G., “Economic Factors Affecting Farm Policy in the 1970's.” A Review of Agriculture Policy, API No. 43, pp. 1–35, Agricultural Policy Institute, North Carolina State University, 1970.Google Scholar
4.Tweeten, Luther G. and Quance, C. Leroy, “Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches,” Amer. J. of Agr. Econ., Vol. 51, No. 2, May 1969.CrossRefGoogle Scholar
5.Tweeten, Luther G. and Quance, C. Leroy, “The Impact of Input-Price Inflation on Cost and Revenue of the United States Farming Industry,” Dept. of Agr. Econ., AGEC 7101, Oklahoma State University.Google Scholar
6.U. S. Department of Agriculture, “Changes in Farm Production and Efficiency,” Stat. Bui. 233, Washington, June 1969 (and previous issues).Google Scholar