Comparison of resource returns of well-organized Iowa farms with selected nonfarm opportunities Kaldor, Don Beneke, Raymond Bryant, Russell
dc.contributor.department Extension and Experiment Station Publications 2018-02-18T14:01:45.000 2020-06-30T06:59:21Z 2020-06-30T06:59:21Z 2017-06-16 2017-06-16
dc.description.abstract <p>The primary objective of this study was to determine whether the evidence on factor incomes and factor opportunity costs for well-organized Iowa farms supports the hypothesis of an imbalance in the level of output of Corn Belt products.</p> <p>This presented four subsidiary problems: (1) identifying and selecting a group of well-organized farms, (2) determining the level and pattern of market clearing prices, (3) estimating factor incomes on the selected farms and (4) estimating the factor opportunity costs of the resources employed on these units. The 2-year period, 1954-55, was selected for study.</p> <p>The farms to be analyzed were selected by Iowa's six district extension economists to represent approximations to optimally organized units under recent price conditions and known technology. After screening the initial selection of 26 farms for effects of abnormal weather and major shifts in resource organization, a residual group of 16 units remained for intensive study. It was assumed that markets would have cleared at a price level of 65 percent of parity with relative prices equal to the average for the 1946-52 period. After the computations for this study had been completed, the results of an investigation of feed-livestock prices under market-clearing conditions in the 1952-58 period became available. On the basis of this investigation, it appears that the price assumptions for market-clearing conditions used in the present study were quite realistic.</p>
dc.identifier archive/
dc.identifier.articleid 1505
dc.identifier.contextkey 10315449
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath researchbulletin/vol34/iss491/1
dc.source.bitstream archive/|||Fri Jan 14 17:42:22 UTC 2022
dc.subject.disciplines Agriculture
dc.subject.disciplines Economics
dc.subject.disciplines Sociology
dc.title Comparison of resource returns of well-organized Iowa farms with selected nonfarm opportunities
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication 302bd0e8-f82f-406a-88b5-c8f956b5f77b
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