IDEAS home Printed from https://ideas.repec.org/p/ags/uersmp/314795.html
   My bibliography  Save this paper

Wartime Changes in the Financial Structure of Agriculture

Author

Listed:
  • Tostlebe, Alvin S
  • Horton, Donald C.
  • Burroughs, Roy J.
  • Larsen, Harald C.
  • Jones, Lawrence A.
  • Johnson, Albert R.

Abstract

Report Foreword: The report on which this statement is based was an attempt to measure the impact of World War II on the financial structure of agriculture in the United States. A 30-billion-dollar increase in the equities of all owners of farms and all tenant farmers during this war has seemingly placed agriculture in a strong financial position. Moreover, about 12 billion dollars of cash and other liquid intangible assets owned by farmers on January 1, 1944 give agriculture as a whole an added flexibility for meeting post-war adjustments. But it must be remembered that a major part of the increase in equities is the result of higher prices and higher valuation of farm real estate. Equities in the future wall be influenced greatly by the future level of prices as well as by the amount of debt that farmers incur and the uses they make of their accumulated war bonds, bank deposits, and currency. How farmers spend or use their wartime accumulations may well influence the financial welfare of farm families for the next two or three decades. An understanding of the many and diverse effects of the war on agriculture and rural people is necessary to the success of any future effort directed toward making and keeping agriculture a healthy segment of our national economy.

Suggested Citation

  • Tostlebe, Alvin S & Horton, Donald C. & Burroughs, Roy J. & Larsen, Harald C. & Jones, Lawrence A. & Johnson, Albert R., 1945. "Wartime Changes in the Financial Structure of Agriculture," Miscellaneous Publications 314795, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:314795
    DOI: 10.22004/ag.econ.314795
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/314795/files/BAEmp558.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.314795?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
    ---><---

    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:uersmp:314795. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.