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Retail Value and Farm Income by Commodity Groups

Author

Listed:
  • Norcross, Harry C.

Abstract

This article analyzes 1955 data on gross farm income, production expenditures, net income, and marketing charges, by major commodity groups. This piece of research is largely a byproduct of the Agricultural Industrial Relations Study of 1955 which provided some insights into the impact of purchases and sales of the farm economy. The framework of analysis is the same as that used in an earlier article published in the January 1952 issue of Agricultural Economics Research, "Some Relationships Between Agriculture and the General Economy," by Karl A. Fox and the author of the present paper. In the earlier article, data for the year 1947 were analyzed. The analysis in the article that follows shows the way each of seven major groups of expenditures is distributed among the commodity categories, and the percentage use that each commodity group makes of each expenditure group in its total production expenses.

Suggested Citation

  • Norcross, Harry C., 1961. "Retail Value and Farm Income by Commodity Groups," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 13(1), pages 1-7, January.
    • Handle: RePEc:ags:uersja:145202
    DOI: 10.22004/ag.econ.145202
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