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Agricultural prices

Chapter 1: Agricultural Prices
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About This Book

A practical guide for farmers and students that explains how prices for staple farm products are formed and recorded, emphasizing the interplay of supply, demand, and cost of production. It critiques existing price-registering mechanisms, including futures trading on commodity exchanges, and shows how market information and speculation influence farm returns. The author develops a ratio method to estimate cost of production for livestock and crops and applies it to hogs, cattle, milk, and grain as illustrative cases. Mathematical tools such as index numbers, correlation coefficients, and regression are presented for analyzing trends and forecasting, with discussion of their limitations. Practical teaching advice, recommended data sources, and appended tables support hands-on study and price monitoring.

The Project Gutenberg eBook of Agricultural prices

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Title: Agricultural prices

Author: Henry A. Wallace

Release date: May 9, 2025 [eBook #76047]

Language: English

Original publication: Des Moines, Ia: Wallace Publishing Company, 1920

Credits: Richard Tonsing and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)

*** START OF THE PROJECT GUTENBERG EBOOK AGRICULTURAL PRICES ***

Transcriber’s Note:

New original cover art included with this eBook is granted to the public domain.

Agricultural Prices

BY
HENRY A. WALLACE
Associate Editor of Wallaces’ Farmer
WALLACE PUBLISHING COMPANY
Eleventh and Walnut Sts.
Des Moines, Iowa
Publishers of Wallaces’ Farmer
Copyright 1920
By the Wallace Publishing Company
All Rights Reserved