An alternative parity formula applied to dairy products

Abstract

Ul As a result of these circumstances many people felt that farmers were in a position of serious disparity with indus trial groups. Purchasing power of farm goods fell. On a 1913 lu. S. Department of Agriculture. The Yearbook of Agri culture-1922: 960. 1923. ^This is verified by figures which show that between 1929 and 1933, in the depression, wholesale prices of agricultural products dropped 63$, while industrial prices decreased only 20$. These figures were quoted by Farrlngton, Carl C. U. S. Congress, Senate. Committee on Agriculture and Forestry. Long range agricultural policy and program. Statement in hearings before a subcommittee of the committee on agricul ture and forestry, 80th Cong., 1st sess. Washington, D.C. U. S. Govt. Print. Off. 1948. p. 151. 3K. E. Boulding. U. S. Congress. Joint Economic Com mittee. Policy for commercial agriculture-its relation to economic growth and stability. Statement in hearings before the joint economic committee, 85th Cong., 1st sess. Washing ton, D.C. U. S. Govt. Print. Off. 1957. p. 44.