Annual fluctuations in the price of corn

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2017-05-25
Authors
Shepherd, Geoffrey
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Extension and Experiment Station Publications
It can be very challenging to locate information about individual ISU Extension publications via the library website. Quick Search will list the name of the series, but it will not list individual publications within each series. The Parks Library Reference Collection has a List of Current Series, Serial Publications (Series Publications of Agricultural Experiment Station and Cooperative Extension Service), published as of March 2004. It lists each publication from 1888-2004 (by title and publication number - and in some cases it will show an author name).
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Abstract

The United States average farm value of corn per bushel Dec. 1 before the World War was determined almost entirely by the size of the United States corn crop. The closeness of the relation is indicated by the simple correlation coefficient - .9738. The regression of corn value on corn production was - 1.62. Since the war, this regression has decreased to - 1.54.

Since the war, the farm value of corn has become sensitive to other influences besides the size of the corn crop. Three other factors now seem to influence the value of corn - the numbers of livestock on farms, the rate of industrial production, and perhaps the west-east corn production ratio. The period since the war is so short, however, that these conclusions must be regarded as tentative.

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