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The Agricultural Outlook for 1927

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  • Bureau of Agricultural Economics

Abstract

Excerpts from the report: The livestock industries have been in relatively favorable position during the past year and they continue to represent the strength of the situation as agriculture enters the new season. Farmers suffered some severe reduction in prices of their leading crops, however, notably in the case of cotton, grains, and fruit. The value of the principal crops, based upon prices December 1, 1926, was $7,802,000,000 compared with $8,789,000,000 a year ago. In consequence the conditions in certain important producing regions have shown no improvement within a year. The disparity between prices of farm products and the cost of industrial goods and services is greater than a year ago. Whether this trend is to continue during 1927 apparently depends in part upon how effective a readjustment is made in certain cash crop acreages and upon the character of the glowing season. Production costs in certain lines may be slightly lower this year than last. The situation is clearly such as to discourage any general expansion of agricultural production. In some areas it apparently means a greater utilization of lands for pasture and forestry.

Suggested Citation

  • Bureau of Agricultural Economics, 1927. "The Agricultural Outlook for 1927," Miscellaneous Publications 316061, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:316061
    DOI: 10.22004/ag.econ.316061
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