Farm commodity programs devised over one-half century ago have outlived their usefulness. The structure of agriculture is different today than in 1933. Comparatively little excess labor remains in farming. The industry is capable of adjusting to change likely to develop over the next decade or...

The purpose of this study is to estimate the impact of general inflation on prices paid and received by farmers. Specific objectives are: (1) to test the hypothesis that the farm commodity domestic demand function at the farm level is homogeneous of degree zero in price and income; and (2),...