The Economic Position of the Farmer

April 21, 1928

Report Outline
Farm Crops and Prices 1927–1928
Outlook for the Livestock Industries
Exports of Leading Farm Products
The General Trend of Farm Prices
Agricultural Relief Legislation
Special Focus

The situation respecting agriculture as a whole is one of slow improvement although conditions are not yet fully satisfactory. Farmers have been making incomes during the last three years equal to or better than their pre-war returns, but the cost of industrial goods and services has been relatively still higher, so that the low exchange value of the farmer's dollar has been a cause of continued dissatisfaction.

Speaking in broad terms, last year was a moderately good year for farmers as a whole. Appraised as a part of the general postwar period, it was a year of some slight further improvement for agriculture. There are exceptions to this statement, the chief being in the central and eastern Corn Belt where a poor crop of corn coupled with a slump in the hog market left the season a disappointing one. In the other main agricultural regions, 1927 was a moderately profitable year. This applies to the diversified dairy and fruit sections of the East, to the Cotton Belt, the Spring Wheat Belt and in a less degree to the Winter Wheat Belt, to the western portion of the Corn Belt, to the cattle and sheep country of the Far West, and to the Pacific Coast.

The total output of crops in 1927 was valued at $9,114,000,000, as compared with $8,438,000,000 in 1926, $9,531,000,000 in 1925, and $6,410,000,000 in the low year 1921. The 1927 crop output was the most valuable of any season, excepting 1925, since the beginning of the agricultural depression.

ISSUE TRACKER for Related Reports
Farm Loans and Subsidies
May 17, 2002  Farm Subsidies
Apr. 11, 1986  Farm Finance
Sep. 03, 1941  Government Payments to Farmers
May 27, 1940  Government Farm Loans
Dec. 12, 1936  Government Aid to Farm Tenants
Mar. 20, 1935  Farm Tenancy in the United States
Dec. 08, 1932  Plans for Crop Surplus Control and Farm Mortgage Relief
Jul. 25, 1932  The Burden of Farm Mortgage Debt
Mar. 20, 1929  Plans of Farm Relief
Apr. 21, 1928  The Economic Position of the Farmer
Oct. 20, 1927  The Federal Farm Loan System
May 03, 1926  Congress and the Farm Problem
May 21, 1924  Agricultural Distress and Proposed Relief Measures
Farm Loans, Insurance, and Subsidies
Farm Produce and Commodities