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THE COST‐PRICE SQUEEZE ON AUSTRALIAN FARM INCOME
Author(s) -
Glau T.E.
Publication year - 1971
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1971.tb00072.x
Subject(s) - agriculture , economics , agricultural economics , investment (military) , relative price , commodity , productivity , offset (computer science) , forecast period , labour economics , monetary economics , market economy , macroeconomics , production (economics) , geography , archaeology , politics , political science , computer science , law , programming language , net present value
Relative price movements for major agricultural commodity groups are reviewed. Estimates of the movement in real farm income per farmer are presented for Australian agriculture over the period 1949 to 1969, and for the sheep industry for the period 1953 to 1967. Increased productivity has offset the adverse price movements experienced by farmers over the period examined. The effect of the cost‐price squeeze on farm investment and adjustment is discussed. The continuing cost‐price squeeze has not prevented sustained investment by farmers.