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Simulating the Impact of Input-Price Inflation on Farm Income

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  • Quance, Leroy
  • Tweeten, Luther

Abstract

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.

Suggested Citation

  • Quance, Leroy & Tweeten, Luther, 1971. "Simulating the Impact of Input-Price Inflation on Farm Income," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 3(1), pages 51-57, December.
    • Handle: RePEc:cup:jagaec:v:3:y:1971:i:01:p:51-57_01
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    Cited by:

    1. Lanier, Eleanor B., 1974. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1971-June 1972," Miscellaneous Publications 321804, United States Department of Agriculture, Economic Research Service.
    2. Brake, John R. & Melichar, Emanuel, 1977. "Agricultural Finance and Capital Markets," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.

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