IDEAS home Printed from https://ideas.repec.org/p/ags/uerser/308029.html
   My bibliography  Save this paper

Agricultural Parity: Historical Review and Alternative Calculations

Author

Listed:
  • Teigen, Lloyd D.

Abstract

Changes in the structure of agriculture and income distribution among producers make parity prices obsolete indicators of farmer well-being. This report chronicles the history of parity, surveys critiques of parity, and discusses changes that might reduce price distortions resulting from the use of the parity concept. Possible changes include adjusting the parity price formula by redefining base period prices and treating interest and taxes differently. New standards of equity, including cost of production, marginal social cost, and parity income, are examined.

Suggested Citation

  • Teigen, Lloyd D., 1987. "Agricultural Parity: Historical Review and Alternative Calculations," Agricultural Economic Reports 308029, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308029
    DOI: 10.22004/ag.econ.308029
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/308029/files/aer571.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.308029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. William H. Nicholls & D. Gale Johnson, 1946. "The Farm Price Policy Awards, 1945: A Topical Digest of the Winning Essays," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(1), pages 267-283.
    2. Goodsell, W. D., 1956. "Costs and Returns, Commercial Family Operated Farms By Type and Size, 1930-1951," Statistical Bulletin 153403, United States Department of Agriculture, Economic Research Service.
    3. C. F. Clayton, 1926. "Index Numbers of the Prices of Farm Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 8(3), pages 347-355.
    4. Grove, Ernest W., 1956. "Per Capita Income by Economic Class of Farm, 1949," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 8(2), pages 1-8, April.
    5. Loomis, Ralph A. & Barton, Glen T., 1961. "Productivity of Agriculture," Technical Bulletins 170811, United States Department of Agriculture, Economic Research Service.
    6. Unknown, 1967. "Index," 1967 Conference, August 21-30, 1967, Sydney, New South Wales, Australia 209796, International Association of Agricultural Economists.
    7. William H. Nicholls, 1945. "A Price Policy for Agriculture, Consistent With Economic Progress, That Will Promote Adequate and More Stable Income from Farming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(4), pages 743-760.
    8. H. C. M. Case, 1949. "The Agricultural Act of 1948," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1_Part_2), pages 227-236.
    9. Clark Edwards, 1959. "Resource Fixity and Farm Organization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 41(4), pages 747-759.
    10. L. H. Bean, 1926. "Measures of Agricultural Purchasing Power," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 8(3), pages 361-371.
    11. Geoffrey Shepherd, 1946. "A Rational System of Agricultural Price and Income Controls," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(3), pages 756-772.
    12. John R. Groenewegen & Kenneth C. Clayton, 1982. "Agricultural Price Supports and Cost of Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(2), pages 271-275.
    13. Masucci, Robert H., 1962. "Income Parity Standards for Agriculture," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 14(4), pages 1-13, October.
    14. M. A. Jacobson & Don Paarlberg, 1966. "Parity of Net Worth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(1), pages 127-129.
    15. Geoffrey Shepherd, 1953. "What Should Go into the Parity Price Formula?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 35(2), pages 159-172.
    16. Jabara, Cathy L., 1980. "Terms of Trade for Developing Countries: A Commodity and Regional Analysis," Foreign Agricultural Economic Report (FAER) 146907, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Teigen, Lloyd D., 1988. "Agricultural Policy, Technology Adoption, and Farm Structure," Staff Reports 278118, United States Department of Agriculture, Economic Research Service.
    2. Weimar, Mark R. & Blayney, Don P., 1994. "Landmarks in the U.S. Dairy Industry," Agricultural Information Bulletins 309709, United States Department of Agriculture, Economic Research Service.
    3. Powers, Nicholas J., 1990. "Federal Marketing Orders for Fruits, Vegetables, Nuts, and Specialty Crops," Agricultural Economic Reports 308137, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brandow, G.E., 1977. "PART III. Policy for Commerical Agriculture, 1945-71," AAEA Monographs, Agricultural and Applied Economics Association, number 337215, january.
    2. Brandow, George E., 1977. "Policy for Commercial Agriculture, 1945-71," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    3. Wim B.G. Liebrand & Henk A.M. Wilke & Rob Vogel & Fred J.M. Wolters, 1986. "Value Orientation and Conformity," Journal of Conflict Resolution, Peace Science Society (International), vol. 30(1), pages 77-97, March.
    4. Shan, Wei & Qiao, Tong & Zhang, Mingli, 2020. "Getting more resources for better performance: The effect of user-owned resources on the value of user-generated content," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    5. Nakabayashi, Masaki, 2017. "Contained crisis and socialized risk," Research in International Business and Finance, Elsevier, vol. 40(C), pages 231-241.
    6. David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2011. "Measuring globalization: A hierarchical network approach," CREMA Working Paper Series 2011-11, Center for Research in Economics, Management and the Arts (CREMA).
    7. Victor Barros & Joao Tovar Jalles & Joaquim Miranda Sarmento, 2023. "Drivers of the Tax Effort: Evidence from a Large Panel," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(1), pages 96-136, March.
    8. Adrian Furnham & Shaheen Shiekh, 1993. "Gender, Generational and Social Support Correlates of Mental Health in Asian Immigrants," International Journal of Social Psychiatry, , vol. 39(1), pages 22-33, March.
    9. Krafft Jackie & Quatraro Francesco & Colombelli Alessandra, 2011. "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201114, University of Turin.
    10. Helen Bollaert & Gaël Leboeuf & Armin Schwienbacher, 2020. "The narcissism of crowdfunding entrepreneurs," Small Business Economics, Springer, vol. 55(1), pages 57-76, June.
    11. Carlo De Gregorio, 2012. "Sample size for the estimate of consumer price subindices with alternative statistical designs," Rivista di statistica ufficiale, ISTAT - Italian National Institute of Statistics - (Rome, ITALY), vol. 14(1), pages 19-47, October.
    12. B Nutt & D Sears, 1972. "Functional Obsolescence in the Planned Environment," Environment and Planning A, , vol. 4(1), pages 13-29, March.
    13. Carlos Huertas C. & Munir A. Jalil. B., 2000. "Relación Entre El Índice De Precios Del Productor (Ipp) Y El Índice De Precios Al Consumidor (Ipc)," Borradores de Economia 3449, Banco de la Republica.
    14. Bosman, Ronald & Kräussl, Roman & Mirgorodskaya, Elizaveta, 2015. "The "tone effect" of news on investor beliefs: An experimental approach," CFS Working Paper Series 522, Center for Financial Studies (CFS).
    15. Bartha, Zoltán & Sáfrányné Gubik, Andrea & Tóthné Szita, Klára, 2013. "Intézményi megoldások, fejlődési modellek [Institutional solutions, development models]," MPRA Paper 50901, University Library of Munich, Germany.
    16. Quaranta Giovanni & Salvia Rosanna, 2014. "An Index to Measure Rural Diversity in the Light of Rural Resilience and Rural Development Debate," European Countryside, Sciendo, vol. 6(2), pages 161-178, June.
    17. Perkinson, Leon, 1982. "Local Government Employment Trends In Nonmetropolitan Areas- 1957-1977," Department of Economics and Business - Archive 259555, North Carolina State University, Department of Economics.
    18. Yonatan Berman, 2022. "The Long-Run Evolution of Absolute Intergenerational Mobility," American Economic Journal: Applied Economics, American Economic Association, vol. 14(3), pages 61-83, July.
    19. Romain Houssa & Lasse Bork & Hans Dewachter, 2008. "Identification of Macroeconomic Factors in Large Panels," Working Papers 1010, University of Namur, Department of Economics.
    20. Molana , Hassan & Rahimi , Abolfazl, 2014. "Should all Iranian Citizens Receive the Same Subsidy Rebate?," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(3), pages 1-31, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerser:308029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.