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Some Relationships Between Agriculture and the General Economy

Author

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  • Fox, Karl A.
  • Norcross, Harry C.

Abstract

Net farm income is affected by changes in final demand, in marketing charges, and in production costs. BAE publishes data relating to each of these three sets of factors. This article attempts a new combination of these data for a recent year, with agriculture divided into nine major commodity groups. Although the tentative and preliminary nature of the data must be emphasized, information of this kind is needed for several purposes, including estimation of the effect of changes in specific marketing and production cost items upon net income from different commodities. The success of newer approaches to the study of relationships between agriculture and the general economy also depends upon the development of accurate and detailed information of this kind.

Suggested Citation

  • Fox, Karl A. & Norcross, Harry C., 1952. "Some Relationships Between Agriculture and the General Economy," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 4(1), pages 1-9, January.
    • Handle: RePEc:ags:uersja:143518
    DOI: 10.22004/ag.econ.143518
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    Cited by:

    1. W. Duane Evans & Marvin Hoffenberg, 1955. "The Nature and Uses of Interindustry-Relations Data and Methods," NBER Chapters, in: Input-Output Analysis: An Appraisal, pages 53-136, National Bureau of Economic Research, Inc.
    2. Aradhyula, Satheesh Venkata, 1989. "Policy structure, output supply and input demand for US crops," ISU General Staff Papers 198901010800009909, Iowa State University, Department of Economics.
    3. Hansen, James Mark, 2000. "Agricultural and trade policy reform in Mexico: PROCAMPO, NAFTA, and pre-GATT," ISU General Staff Papers 2000010108000014902, Iowa State University, Department of Economics.

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