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Assessing Some Effects Of Inflation On The Agricultural Sector

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  • J. W. Freebairn

Abstract

The time pattern of effects of inflation on prices received, prices paid, asset returns, and real incomes of different members of the agricultural sector is described. In the long run it is argued that inflation will have very small, if any, effects on relative prices or real incomes. For the short run, which may be several years, it is likely that some prices will rise more slowly than others and cause income losses. Included in the group of losers are producers of export products.
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  • J. W. Freebairn, 1981. "Assessing Some Effects Of Inflation On The Agricultural Sector," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 107-122, August.
    • Handle: RePEc:bla:ajarec:v:25:y:1981:i:2:p:107-122
    DOI: j.1467-8489.1981.tb00389.x
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    References listed on IDEAS

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    1. Frankel, Jeffrey A, 1979. "On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials," American Economic Review, American Economic Association, vol. 69(4), pages 610-622, September.
    2. Martin Feldstein, 1983. "Inflation, Income Taxes, and the Rate of Interest: A Theoretical Analysis," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 28-43, National Bureau of Economic Research, Inc.
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    4. Davis, D.C. & Mullen, John D. & Bryant, M.J., 1979. "Farmer Income and Expenditure Patterns in a Wheat-Sheep Region," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(01), pages 1-24, April.
    5. J. M. Bates & A. J. Rayner & P. R. Custance, 1979. "Inflation and Farm Tractor Replacement in the U.S.: A Simulation Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 331-334.
    6. Vernon W. Ruttan, 1979. "Inflation and Productivity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 896-902.
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    8. Yerby, Wayne O'Neil, 1977. "A review of institutional agricultural credit in Ghana with special reference to loan repayment problems," ISU General Staff Papers 1977010108000018135, Iowa State University, Department of Economics.
    9. Ryan, James G. & Duncan, Ronald C., 1974. "Effects On Farm Incomes And Rural Labour Of A Relative Increase In Wages," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(3), pages 1-15, December.
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    11. Griffith, Garry R., 1974. "Sydney Meat Marketing Margins - An Econometric Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), pages 1-17, December.
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    14. Bruce Traill, 1979. "An empirical model of the U.K. land market and the impact of price policy on land values and rents," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 6(2), pages 209-232.
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    19. Kenneth W. Clements & Phuong Nguyen, 1980. "Inflation and Relative Prices: The Australian Experience," RBA Research Discussion Papers rdp8007, Reserve Bank of Australia.
    20. Peter L. Swan, 1978. "The Mathews Report on Business Taxation," The Economic Record, The Economic Society of Australia, vol. 54(1), pages 1-16, April.
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    23. Robinson, K.L., 1979. "The Distributional Consequences of Recent Inflation," Staff Papers 183728, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. Geoff W. Edwards, 1987. "Agricultural Policy Debate: A Survey," The Economic Record, The Economic Society of Australia, vol. 63(2), pages 129-143, June.
    2. Fisher, Brian S., 1985. "Frontiers in Agricultural Policy Research," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(02), pages 1-11, August.

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