. Yearbook of agriculture . sed the investment is small, since a bushel of corn wUlplant about 8 acres. For most other important cereals, abushel or more of seed per acre is needed. While relatively little capital is borrowed for the actualproduction of corn, a considerable amount of borrowed capi-tal is used in converting this crop into pork or beef. Somefarmers buy feeders * for their corn, while others buy cornfor their hogs or steers, and still others buy both the animalsand the feed. Relatively little merchant credit is used in theCorn Belt, credit usually being obtained directly from the
. Yearbook of agriculture . sed the investment is small, since a bushel of corn wUlplant about 8 acres. For most other important cereals, abushel or more of seed per acre is needed. While relatively little capital is borrowed for the actualproduction of corn, a considerable amount of borrowed capi-tal is used in converting this crop into pork or beef. Somefarmers buy feeders * for their corn, while others buy cornfor their hogs or steers, and still others buy both the animalsand the feed. Relatively little merchant credit is used in theCorn Belt, credit usually being obtained directly from thebanks. The Corn 209 The important factors that determine the general trend ofcorn prices have been considered in the foregoing prices received by the corn grower, the prices paid incertain markets, the general movements in corn prices, and FARM PRICE OF CORN DEC. T, TB^ IN THE SURPLUS PRODUCING AREA CD 22-25 CENtS ZZ3 26-30 CENTS4t-45 CENTS BSS 46-BO CENTS 31-35 CENTS51-55 CENTS 36-40 CENTS56-60 CENTS. Fig. 42.—Lowest prices were being paid in the sections wltti the lightestshadings; and progressively higher prices are Indicated by progressivelydarker shadings, based on reports received by the U. S. Department ofAgriculture. Market prices are the average of cash sales in the respectivemarkets in cents per bushel for No. 2 yellow corn on the same dates,reported in the Market Reporter. the purchasing power of a bushel and of an acre of corn fora period of years will now be considered. The acute finan-cial situation of the recent past as it affects the com groweris thereby explained to some degree. The farm prices of com on December 1, 1921, in theprincipal surplus-producing area of the United States andthe price of No. 2 yellow corn in some of the principal markets 210 Yearbook of the Department of Agriculture, 1921. on the same date, are shown in Pigure -12. The lowestprices were being paid in the western portion of the Corn
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Keywords: ., bookcentury1800, bookdecade1890, booksubjectagriculture, bookyear
