The Asset Devaluation Problem
Harold F. Breimyer
Journal of Agricultural and Applied Economics, 1986, vol. 18, issue 1, 79-82
Abstract:
Virtually every economic situation in agriculture has an unmatched pair of implications that may be called the proximate and the ultimate. Devaluation of the fixed assets of agriculture has a meaning of enormous significance in the here-and-now — the proximate. It bears not so much on impersonal gross measures of productivity and output but on the human element. Loss of farm asset values is a major blow to the hopes and aspirations of hundreds of thousands of farmers, bringing intense emotional distress and even suicides.
Date: 1986
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