Farm Prices Myth and Reality

An internally consistent conception of the structure and behavior of commercial agriculture in the total economy, helpful in problem solving, must accommodate itself to the facts, relationships, and human values of the changing world.

Farm Prices  Myth and Reality


Farm prices

Farm prices


Farm Prices

Farm Prices


Farm Prices

Myth and Reality Willard W. Cochrane. The principal short-run effects on agriculture of a business depression are (1) a slowing down— and possibly even a contraction — of the rate of aggregate demand expansion, by reason of a decline in ...

Farm Prices

Farm Prices was first published in 1958. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions. Few domestic questions are so controversial as the farm problem, yet the average city man finds it difficult to understand the basic issues involved. In this book Professor Cochrane describes for the layman the nature and causes of the commercial farm problem and the rural poverty problem and provides the basis for making informed judgments about these problems and their possible solutions. He analyzes the economic and political forces which are at work in the farm economy, explains the organization of modern agriculture, showing the unique structure of farming, and draws a vivid picture of the revolutionary developments which have taken place in agriculture. He discusses behavior patterns of farmers and consumers as they relate to the farm economy, and the role of government in the farm industry and in the lives of farmers. Farm prices are constantly fluctuating, and out of this price variability emerge such serious and continuing farm problems as variable incomes, low incomes over extended periods, and uncertainty in production planning. In this study Professor Cochrane seeks to get at the root of the trouble by, first, exploring and exposing what he considers a basic fallacy in our present day thinking and approach to the farm problem. This is the widely held myth of an automatically adjusting agriculture, an agriculture that is always out of balance because of an "emergency." This myth, he points out, beclouds the issues involved in the whole farm problem. The farm price myth splits two ways in the public mind, Mr. Cochrane explains, but these divergent attitudes represent differences only in mechanics, not in principle, and they are equally effective in obscuring the real picture. One segment of the public believes that agriculture, if left alone for a while, would gravitate toward and stabilize at some desirable level and pattern of prices, production, and incomes. The other segment believes that the same result would occur if agriculture were given a temporary, helping hand by the government. Mr. Cochrane shows the fallacies inherent in both of these convictions by presenting an integrated, overall picture of farm price behavior as it really exists. On a basis of this realistic view, he presents the two alternatives or hard policy choices that he believes the American farmer faces today. Willard W. Cochrane is Professor Emeritus of Agricultural and Applied Economics at the University of Minnesota. He is the author of a number of books, including The City Man's Guide to the Farm Problem and Farm Prices: Myth and Reality. He previously served as an economist with the Food and Agriculture Organization of the United Nations and with the U.S. Department of Agriculture. He is the co-author of Economics of American Agriculture and Economics of Consumption.

Farm Prices

Farm Prices


Agricultural Economics Research

Farm Prices Myth and Reality . Univ . Minnesota Press , Minneapolis , Minn . , 1958 . ( 2 ) Daly , Rex F. “ Agriculture : Projected Demand , Output and Resource Structure . ” Implications of Changes ( Structural and Market ) on Farm ...

Agricultural Economics Research


Willard Cochrane and the American Family Farm

This was a fundamental departure from the world of Farm Prices: Myth and Reality. The word “land” is nowhere to be found in its long and thorough index. In the 1950s Cochrane thought consumers would be the inevitable beneficiaries of ...

Willard Cochrane and the American Family Farm

Willard Cochrane watched the dramatic decline in American family farming from a vantage point few can claim. He became one of the country’s premier agricultural economists and carried the standard of liberalism for President Kennedy in the last serious fight to save the family farm. Then, for forty long years, he held to the principles while traditional agriculture faded into what he once called “family farms in form but not in spirit.” This book is about the spirit of family farming: Thomas Jefferson’s dream of an agrarian democracy. What should we do in the face of globalization, high technology, and corporate control of our food supply? Willard Cochrane and the American Family Farm recounts how one man faced these issues and where he would wish us to go in the twenty-first century.

Long range Farm Program

that the Senator just asked for , this is the recent book of Dr. Willard W. Cochrane of the University of Minnesota , published by the University of Minnesota Press , called Farm PricesMyth and Reality , and I want to read only one ...

Long range Farm Program


The City Man s Guide to the Farm Problem

price actually declines and wipes out the income gains of the average farmer depends upon the existence or nonexistence of a farm price support program ... 5 Farm Prices: Myth and Reality, University of Minnesota Press, 1958, Chapter 5.

The City Man s Guide to the Farm Problem

The City Man's Guide to the Farm Problem was first published in 1965. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions. Few domestic questions are so controversial as the farm problem, yet the average city man finds it difficult to understand the basic issues involved. In this book Professor Cochrane describes for the layman the nature and causes of the commercial farm problem and the rural poverty problem and provides the basis for making informed judgments about these problems and their possible solutions. He analyzes the economic and political forces which are at work in the farm economy, explains the organization of modern agriculture, showing the unique structure of farming, and draws a vivid picture of the revolutionary developments which have taken place in agriculture. He discusses behavior patterns of farmers and consumers as they relate to the farm economy, and the role of government in the farm industry and in the lives of farmers. The analysis and discussion make clear the reasons why the government is so deeply involved in farm issues and point up what will be needed in order to make some headway toward solutions of the problems. Professor Cochrane emphasizes that there is no perfect solution to the farm problem but he provides the information and analyses from which the reader can gain a better understanding of the issues. Sixteen photographic illustrations show old and new methods of farming and types of equipment. There are also a number of charts, graphs, and tables. Willard W. Cochrane is dean of international programs and a professor of agricultural economics at the University of Minnesota. He was director of agricultural economics in the U.S. Department of Agriculture and economic adviser to the Secretary of Agriculture from 1961 to 1964, and served as agricultural adviser to John F. Kennedy during the 1960 presidential campaign. He is the author also of Farm Prices: Myth and Reality.

Farm Policy Analysis

1953. Farm Policies of the United States, 1790-1950. New York: Twentieth Century Fund. Cochrane, Willard W. 1958. Farm Prices: Myth and Reality. Minneapolis: University of Minnesota Press. Dubov, Irving and E.L. Rawls. 1974.

Farm Policy Analysis

This book provides the foundation needed to understand, interpret, and analyze farm policy. It rests on the proposition that farm policy can be studied properly only when it is placed within its social, economic, and political setting.

Food Security Agricultural Policies and Economic Growth

In his 1958 book Farm Prices: Myth and Reality, he postulated that farmers were caught in a technical treadmill.a Like Ezekiel (see Box 4.2), Cochrane started from the demand and supply curves in agricultural markets.

Food Security  Agricultural Policies and Economic Growth

Using a political-economic approach supplemented with insights from human ecology, this volume analyzes the long-term dynamics of food security and economic growth. The book begins by discussing the nature of preindustrial food crises and the changes that have occurred since the 19th century with the ascent of technical science and the fossil fuel revolution. It explains how these changes improved living standards but that the realization of this improvement was usually dependent on government support for smallholder modernization. The author sets out how the evolution of food security in different regions has been influenced by farm policy choices and how these choices were shaped by local societal characteristics, international relations and changing configurations in metropolitan countries. Separate chapters are devoted to the interaction of this evolution with debates on food security and economic growth and with international economic policies. The final chapters highlight the new challenges for global food security that will arise as traditional sources of biomass production and the more easily extractable reserves of fossil biomass become depleted or can no longer be used. Overall, the book emphasizes the inadequacy of current explanations with regard to these challenges. It explores what is needed to ensure a sustainable future and calls for a rethinking of these issues; a necessary reflection in today's unstable global political situation.

Agricultural Act of 1961

Hearings Before the Committee on Agriculture and Forestry, United States Senate, Eighty-seventh Congress, ... this reason that I referred to this structure of producer organization as a public utility in farm pricesmyth and reality .

Agricultural Act of 1961


Education for a Changing World of Work Technical training in the United States

farm commodities and farmers have turned with increasing speed to cost - reducing innovations in an effort to maintain or expand farm incomes . ... W. Cochrane , Farm Prices - Myth or Reality . Myth or Reality .

Education for a Changing World of Work  Technical training in the United States


An Opportunity Lost

farm enterprises in response to a change in prices, but not between farming and banking or farming and retailing. ... of the economist's scholarly attention for several decades thereafter (see Cochrane, Farm Prices: Myth and Reality; ...

An Opportunity Lost

"Examines Charles Brannan's agricultural plan, the farm policy debate, and Harry S. Truman's quest for a long-range agricultural program. Assesses Truman's relationships with farmers and with politicians and the search for a workable peacetime program, especially as it related to the parity price foundation and price supports"--Provided by publisher.

Economic Problems of Agriculture in Industrial Societies

Price declines sufficient to reduce output would be inconsistent with social policy by increasing the income disparity ... A detailed description of the proposal can be found in Willard W. Cochrane, Farm Prices, Myth and Reality, ...

Economic Problems of Agriculture in Industrial Societies


Policy Reform in American Agriculture

“ The Costs of Agricultural Protection and the Difference Free Trade Would Make . " In Agricultural Protectionism in ... In The Political Economy of U.S. Agriculture : Challenges for the 1990s , ed . ... Farm Prices , Myth and Reality .

Policy Reform in American Agriculture

Students of public policy and practitioners within the farm program arena will find theis book an essential source of insight, information, and original cross-disciplinary argument."--BOOK JACKET.

Agricultural Globalization Trade and the Environment

“Paradigm Shifts and Policy Networks: Cumulative Change in Agriculture.” Journal of Public Policy 16:273-301. Cochrane, W.W. 1958. Farm Prices, Myth, and Reality, Minneapolis, MN: University of Minnesota Press. Dixit, A., G.M. Grossman, ...

Agricultural Globalization Trade and the Environment

The relative prosperity in U.S. agriculture that attended the passage of the Federal Agriculture Improvement and Reform Act of 1996 was followed by a general decline in U.S. agricultural prices from 1998 to 2000. This trend in declining prices continues through the year 2001, despite the movement toward more liberalized agricultural trade. Trade liberalization has been the result of a variety of factors, including the implementation of the Uruguay Round Agreement, and the establishment of a variety of regional trade agreements, such as the North America Free Trade Agreement. Needless to say, in the face of falling agricultural prices and increasingly liberalized ag ricultural trade, the agricultural policy scene is an extremely complex one, both locally and globally. The chapters in this volume look to understand this complexity by ad dressing the interaction between trade, the economic well-being of the farm sector, and the possibilities for future policy reform. The chapters collected here explore a number of different issues, including the operation of the tar iff-rate quotas established under the Uruguay Round Agreement, the impli cations of sanitary and phytosanitary restrictions on trade, and the growing controversy over genetically modified organisms. In addition, several chap ters analyze the interaction between agricultural trade and environmental concerns.

The Failure of National Rural Policy

Willard W. Cochrane , Farm prices , myth and reality ( Minneapolis : University of Minnesota Press , 1958 ) ; Glenn L. Johnson , " Theoretical considerations , " in The overproduction trap in U.S. agriculture , edited by Glenn L.

The Failure of National Rural Policy

Modern farm policy emerged in the United States in 1862, leading to an industrialized agriculture that made the farm sector collectively more successful even as many individual farmers failed. Ever since, a healthy farm economy has been seen as the key to flourishing rural communities, and the problems of rural nonfarmers, former farmers, nonfarm residents, and unfarmed regions were ignored by policymakers. In The Failure of National Rural Policy, William P. Browne blends history, politics, and economics to show that federal government emphasis on farm productivity has failed to meet broader rural needs and actually has increased rural poverty. He explains how strong public institutions, which developed agrarianism, led to narrowed concepts of the public interest. Reviewing past efforts to expand farm policy benefits to other rural residents, Browne documents the fragmentation of farm policy within the agricultural establishment as farm services grew, the evolution of political turf protection, and the resultant difficulties of rural advocacy. Arguing for an integrated theory of governing institutions and related political interests, he maintains that nonfarm rural society can make a realistic claim for public policy assistance. Written informally, each chapter is followed by comments on the implications of its topics and summaries of key points. The book will serve as a stimulating text for students of public policy, national affairs, rural sociology, and community development--as well as anyone concerned with the future of agrarian America.

Forecasting Farm Income

New York : Academic Press . 4. Cochrane , Willard W. 1958. Farm Prices : Myth and Reality . Minneapolis : University of Minnesota Press . 5. David , Paul A. 1975. Technical Choice , Innovation and Economic Growth . Cambridge , U.K .

Forecasting Farm Income


Farmers on Welfare

The Making of Europe's Common Agricultural Policy Ann-Christina L. Knudsen. Importantly, the end of peasantry was rarely lamented ... Willard Cochrane, Farm Prices: Myth and Reality (Minneapolis: University of Minnesota Press, 958), 96.

Farmers on Welfare

In 2007 the farm subsidies of the European Union's Common Agricultural Policy took over 40 percent of the entire EU budget. How did a sector of diminishing social and economic importance manage to maintain such political prominence? The conventional answer focuses on the negotiations among the member states of the European Community from 1958 onwards. That story holds that the political priority, given to the CAP, as well as its long-term stability, resides in a basic devil's bargain between French agriculture and German industry. In Farmers on Welfare, a landmark new account of the making of the single largest European policy ever, Ann-Christina L. Knudsen suggests that this accepted narrative is rather too neat. In particular, she argues, it neglects how a broad agreement was made in the 1960s that related to national welfare state policies aiming to improve incomes for farmers. Drawing on extensive archival research from a variety of political actors across the Community, she illustrates how and why this supranational farm regime was created in the 1960s, and also provides us with a detailed narrative history of how national and European administrations gradually learned about this kind of cooperation. By tracing how the farm welfare objective was gradually implemented in other common policies, Knudsen offers an alternative account of European integration history.