Regulation and the Revolution in United States Farm Productivity
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Regulation and the Revolution in United States Farm Productivity by Sally H. Clarke
Book DescriptionSince the 1930s when the government began active regulation, US agriculture has undergone a revolution in productivity. Sally Clarke explains how government activity, from support for research to price supports and farm credit programs, created a climate favorable to rapid gains in productivity. Farmers in the Corn Belt delayed purchases of the tractor, the most important agricultural technology, despite the cost savings it promised. Tractor purchases required large sums of cash at a time when families faced unstable prices and unattractive credit markets. The New Deal inadvertently changed this investment climate. Regulation stabilized prices, introduced new sources of credit, and caused tool manufacturers and private creditors to revise their business strategies. Competitive farmers took advantage of these new conditions to invest in expensive technology and achieve new gains in productivity.
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Book DetailsISBN: 9780521528450
(228mm x 152mm x 19mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 25-Jul-2002
Country of Publication: United Kingdom
Books By Author Sally H. Clarke
Trust and Power, Paperback (August 2009)
Trust and Power argues that automobile corporations have historically faced conflicts with the very customers whose loyalty they sought.
Regulation and the Revolution in United States Farm Productivity, Hardback (November 1994)» View all books by Sally H. Clarke
This book explains how US government activity in the 1930s led to gains in farm productivity.
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