. Farm financial record studies . wer and machinery cost per crop acre _-__ ____ Machinery cost per crop acre- - - -Value of feed fed to horses Man labor cost per $100 gross income -- -_---___-- Man labor cost per acre - - - - Expenses per $100 gross income- - -Farm improvements cost per acre Farms with tractor- Excess of sales over cash ej^jenses- |Decrease in inventory ------- | ^ , 53^ 1 2UOi 1 133 86 .62 80^ 1 87U936 203 62 i+.97 50^1 015 1 802 -. -Il42- Farm Earnln^^s and the G-eneral Price-Level Records of Illinois farm earnin
. Farm financial record studies . wer and machinery cost per crop acre _-__ ____ Machinery cost per crop acre- - - -Value of feed fed to horses Man labor cost per $100 gross income -- -_---___-- Man labor cost per acre - - - - Expenses per $100 gross income- - -Farm improvements cost per acre Farms with tractor- Excess of sales over cash ej^jenses- |Decrease in inventory ------- | ^ , 53^ 1 2UOi 1 133 86 .62 80^ 1 87U936 203 62 i+.97 50^1 015 1 802 -. -Il42- Farm Earnln^^s and the G-eneral Price-Level Records of Illinois farm earnings available since I915 show thatfarm profits drop rapidly during periods when the general price-level isdeclining. This was true for the yea,rs I92O andl92± also for I93Oand 1931« (See graph). ■ ■ Index of Prices250 225 200 175 150 125 100 25 Rate earned164 Farm prices in U. S. Aug. 1909-July I91U = 100Prices paid by farmers, Aug, 1909-July I91U = 100 Sate earned on investment, accoimting farms, central Illinoir ^-^\. 75 -<~^^- 50 Ik 12 10 6 1915 16 17 IS 19 »20 21 «22 «23-«2U «25 26 «27 «2S 29 <30 3I -2 -k ISFLUSHCE OP PRICE GHAITGES ON FARM EARKIHGS 1915-1931 Farm earnings reflect immediately changes in the farmerspurchasing povrer. The decline in the general price level whichstarted in I92O caused a wide spread to occur between the pricespaid by farmers for goods purchased and the prices received for farmproducts sold. This spread narrowed from I923 to I929 but widenedagain in I93O and 1931 • Tl^e average rate earned on investment on ac-coimt keeping farms ±n central Illinois, which was S percent in I919,dropped to a loss of 1 percent in I92I and recovered to an average ofabout k percent for the period 1922 to I929. When the price-levelwent down again in I93O, the rate earned on investment dropped toabout 1 percent and in I931 the average for account-keeping farms incentral Illinois indicated a loss of about 1 pe-rcent. -IU3. AmmL FARM BUSIIESS R
Size: 2141px × 1167px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1920, bookidfarmfinancia, bookyear1922
