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The Farm Outlook for 1938

Author

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  • Bureau of Agricultural Economics

Abstract

Excerpts from the report: The prospect is that the economic position of American agriculture will be fairly well maintained during 1938. Conditions now suggest that the domestic demand for farm products in 1938 probably will not be quite so favorable as it has been during the year past, although conditions during the second half of the year probably will be better than in the first half. The foreign demand for American farm products may show some slight improvement in 1938 although the military operations in the Orient are resulting in a marked reduction in our trade with that area. The general level of wholesale prices in the United States is expected to average slightly lower in 1938 than in 1937. Prices received by farmers also are expected to average lower. Rising costs probably will mean that farmers will use more short-term credit in 1938, but the supply of funds apparently will be ample and interest rates low. Farm wages and other costs, including prices of building materials, machinery, and fertilizer, will probably be somewhat higher next year

Suggested Citation

  • Bureau of Agricultural Economics, 1937. "The Farm Outlook for 1938," Miscellaneous Publications 314829, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:314829
    DOI: 10.22004/ag.econ.314829
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