What is the Agricultural Problem
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Date
1960-06
Authors
Tibbles, Warren Lance
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
No apology for a paper on agricultural economics in the United
States is necessary. It is a recognized problem area. But there seems
to be some confusion as to the nature of the agricultural problem. The
purpose of this paper is to determine as nearly as possible, exactly what
the problems in agriculture are. Before analyzing the economic problems of any area, it would be
best to state the goals of the economy. For what economic conditions
are we striving? Two main goals can be identified; efficiency and
equity. Efficiency is concerned with the allocation of resources. Resources should be distributed in such a manner that the largest amount
of goods and services are delivered at the least cost. If a shifting of
factors of production is possible which will either increase production
or lower costs, or both, the concept of efficiency would suggest that
the shift be made .
Description
51 pages
Keywords
product value, farm per capita net income, net migration out of agriculture