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Rising Depreciation of Assets in Agricultural Marketing Firms: Some Causes and Implications

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  • Hiemstra, Stephen J.

Abstract

Excerpts from the report Summary: Depreciation of assets -- one of the costs of doing business -- rose steadily during 1949-59 and likely will continue to rise. Corporate agricultural marketing firms -- those handling food and kindred products and textile-mill products, food retailers, beverage manufacturers, and tobacco manufacturers -- more than doubled their dollar charges for depreciating assets in the 10 years. Increases were typical of all corporations in the U. S. economy. Since World War II, dollars of depreciation have increased more rapidly than gains in total receipts but profits after taxes have declined. The total of the two (depreciation and after-tax profits) -- sometimes called total cash flow – declined in the late 1940’s and reached a low in the early 1950's. Since then total cash flow has increased for the agricultural industries.

Suggested Citation

  • Hiemstra, Stephen J., 1963. "Rising Depreciation of Assets in Agricultural Marketing Firms: Some Causes and Implications," Agricultural Economic Reports 307197, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307197
    DOI: 10.22004/ag.econ.307197
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    References listed on IDEAS

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    1. Hiemstra, Stephen J., 1962. "Lease-Financing and Returns to Capital of Food Marketing Firms," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 14(1), pages 1-12, January.
    2. Edward F. Denison, 1957. "Theoretical Aspects of Quality Change, Capital Consumption, and Net Capital Formation," NBER Chapters, in: Problems of Capital Formation: Concepts, Measurement, and Controlling Factors, pages 215-284, National Bureau of Economic Research, Inc.
    3. Raymond W. Goldsmith, 1962. "The National Wealth of the United States in the Postwar Period," NBER Books, National Bureau of Economic Research, Inc, number gold62-1.
    4. Solomon Fabricant, 1938. "Capital Consumption and Adjustment," NBER Books, National Bureau of Economic Research, Inc, number fabr38-1.
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