By Bruce L. Gardner
American agriculture within the 20th century has given the area considered one of its nice good fortune tales, a paradigm of productiveness and lots. but the tale has its darkish part, from the plight of the Okies within the Thirties to the farm main issue of the Nineteen Eighties to cutting-edge matters approximately low crop costs and the effect of biotechnology. U.S. farming over the last century, Bruce Gardner searches out factors for either the awesome growth and the power social difficulties that experience marked the historical past of yank agriculture. Gardner records either the commercial problems that experience faced farmers and the technological and monetary changes that experience lifted them from relative poverty to fiscal parity with the nonfarm inhabitants. He offers a close research of the reasons of those developments, with emphasis at the function of presidency motion. He studies how commodity help courses, pushed by way of interest-group politics, have spent hundreds of thousands of billions of greenbacks to little goal. still, Gardner concludes that by way of reconciling competing financial pursuits whereas fostering productiveness development and monetary integration of the farm and nonfarm economies, the final twentieth-century function of presidency in American agriculture within reason seen as a triumph of democracy. (20030101)
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Additional resources for American Agriculture in the Twentieth Century: How It Flourished and What It Cost
The appropriate accounting would score the more durable tractor as higher quality. If it provided twice the services for the same cost, it would be equivalent to two less-durable tractors. One way to make adjustments is by means of prices. But prices of two tractors may differ for reasons other than quality. Given the lack of rental price data for most capital goods, and the lack of a standardized, quality-adjusted quantity measure of the stock of complicated machines, the best feasible approach is to deﬁne standard quantities as well as possible, for example by horsepower categories of tractors, and then estimate depreciation of each category as indicated by used equipment prices.
Farm use of chemical pesticides only became massive after World War II. S. armed forces as a defoliant in Vietnam) became popular in the 1950s. 7). In 1952, 11 percent of corn and 5 percent of cotton acres were treated with herbicides; by 1982 these percentages had risen to 95 and 93 percent, respectively (Osteen 1993, p. 314). Analysis of immediate postwar data indicated that an additional dollar spent on fertilizer or pesticides generated increased output worth $3 to $5 on average (Griliches 1964a; Headley 1968).
Even for a simple input like a wheelbarrow, this approach is not straightforward. 00. In 2000 one could buy roughly comparable wheelbarrows (judging from what is currently available at Home Depot) for $30 to $80. Home Depot is used for comparison because Sears in 1902 advertised itself as the “cheapest supply house on earth,” a market niche that today Home Depot more closely approximates than does Sears. For the Sears as well as Home Depot price ranges, prices exclude shipping and assembly. Note also that since the overall price level increased just over twenty times between 1902 and 2000 (using historical CPI or GDP deﬂator series), the real price of wheelbarrows was approximately constant over this ninety-eight-year span.
American Agriculture in the Twentieth Century: How It Flourished and What It Cost by Bruce L. Gardner