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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
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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

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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
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