Farm Income and Business Recovery

Archive Report

During the greater part of the decade 1920–1930 the levels of agricultural prices and of farm income have been matters of national concern. This concern has been heightened during recent months by new drops in the prices of leading agricultural commodities, to or below their pre-war levels, and by the added hardships in certain areas following upon the summer's drought.

The Department of Agriculture reported on December 17 that the value of crops produced in the United States in 1930 will show a decline of 27.7 per cent from 1929. The 1929 valuation was $8,675,420,000; the 1930 figure will be in the neighborhood of $6,274,824,000, “In round figures,” the report said, “crop production in 1930 was only 95 per cent as large as it was ...

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