Wartime Changes in the Financial Structure of Agriculture

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

No 314795, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

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.

Keywords: Agricultural and Food Policy; Agricultural Finance; Farm Management; Financial Economics (search for similar items in EconPapers)
Pages: 36
Date: 1945-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:314795

DOI: 10.22004/ag.econ.314795

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