A Summary of Current Program, 10/1/66, and Preliminary Report of Progress for 9/1/65 to 10/1/66 (Classic Reprint) - Softcover

U. S. Economic Research Service

Softcover

ISBN 10: 0265011965 ISBN 13: 9780265011966

Publisher: Forgotten Books, 2018

Synopsis

Excerpt from A Summary of Current Program, 10/1/66, and Preliminary Report of Progress for 9/1/65 to 10/1/66

Farm production economics research, as used in this report, deals with many and varied economic problems of agricultural production. The work is con cerned with the economics of organization and management of farms, use of capital and labor in agriculture, production and conservation practices, adjustments in production and resource use, farm financial problems of credit and insurance, and appraisal of alternative production policies and programs.

A continuing major problem in agriculture is the adjustment of production, both in the aggregate and for major commodities, to market outlets. Achieve ment of economic balance in agriculture and adequate returns to farmers is likely to continue to be difficult over the next 5 to 10 years as we strive to match the increasing capacity of agriculture to produce with the food and fiber requirements of a larger U. S. Population and expanding outlets for exports and Food for Peace programs. Farms are decreasing in number and increasing in size and degree of specialization. Farm machinery, ferti lizers, and other innovations, are substituting for land and labor. Coupled with rising farmland values, these developments necessitate large and increasing capital investments per farm, and alter farm credit and insurance needs. Increasing dependence on purchased inputs and on cash markets for products make net income increasingly vulnerable to changes in prices of both inputs and outputs. These trends challenge the most rigorous research in the field of farm economics. Results of research in this field are widely used as aids in management and policy decisions at the farm, area, regional, State, and national levels.

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Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0265011965
• ISBN 13: 9780265011966
• Binding: Paperback
• Number of pages: 91