Agricultural prices

Description

About this book

"Agricultural Prices" by Henry A. Wallace is a scientific publication written in the early 20th century. The book focuses on the economic factors affecting the prices of agricultural products, targeting farmers, students, agricultural agents, and leaders of farm organizations. Its central topic is an exploration of the forces that determine farm prices—primarily cost of production, supply and demand, and strategic market considerations—with an aim to foster a better, more mathematically informed understanding of price trends and how to interpret or influence them. The opening of "Agricultural Prices" introduces Wallace’s purpose: to bridge the gap between theoretical economics and practical farm management regarding agricultural pricing. Wallace begins with a preface that lays out the book’s audience and intent, emphasizing the need for farmers and farm leaders to understand pricing mechanisms and statistical economics.