Analyse des fluctuations annuelles du revenu agricole belge. Incidence du progrès technique et des variations de prix, 1954-1972

A. Thonon

Économie rurale, 1976, vol. 114

Abstract: Farm income varies from year to year, sometimes considerably. These variations in income are caused, on one hand, by input and output price variations, and on the other hand, by the variations in the quantity of input required and of the output obtained. This article intends to try to evaluate the impact on farm income of each of these four factors. The method of surpluses and price indexes shows that the variations in price have a major, direct impact on farm income. Technical progress, though responsible for 66 % of the increase in volume of production, has only a secondary influence on farm income. Any increase in production has an adverse influence on prices, so that farm income is practically unaffected by it. Moreover, technical progress considerably reduces the need for labour so that the income is from year to year to be divided among an ever smaller number of persons. 49 % of the average annual increase in income per labour unit (+ 11 %) can be attributed to the reduction in personnel, 40 % to the variations in prices and only 11 % to technical progress.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ersfer:350957

DOI: 10.22004/ag.econ.350957

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