. Yearbook of agriculture . governed by production. Popuhition isan index of demand. The production of corn joer capita,therefore, is more significant in determining the general pricetrend than is the total production (Fig. 51). The populationof the United States has been increasing faster than cornprodiiction during recent years, and this has been an im-portant factor in raising the price and purchasing power ofcorn. Farm value Avent far above the purchasing power duringthe war period. In 1920 and 1921 they began to resumenormal relations again. A similar condition existed afterthe Civil War,
. Yearbook of agriculture . governed by production. Popuhition isan index of demand. The production of corn joer capita,therefore, is more significant in determining the general pricetrend than is the total production (Fig. 51). The populationof the United States has been increasing faster than cornprodiiction during recent years, and this has been an im-portant factor in raising the price and purchasing power ofcorn. Farm value Avent far above the purchasing power duringthe war period. In 1920 and 1921 they began to resumenormal relations again. A similar condition existed afterthe Civil War, but about 1877 or 1878 the purchasing powerbecame higher than the Aalue and remained slightly higheruntil about 1909. Situation and Outlook. The history of the United States has been influencedlargely by the corn crop. No picture of our national life iscomplete that does not portray corn as one of the most im-portant factoiS in our national development and before the cominir of the white man. the Indian de-. Hogging Down Corn. Fig. 49.—X common practice that saves —iBK 1021 15 220 Yearbook of the Department of Agriculture, 1921.
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