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010 _a20006762
040 _aUtSlPG
041 7 _aen
_2iso639-1
050 4 _aHB
100 1 _aWallace, Henry A.
_q(Henry Agard),
_d1888-1965
245 1 0 _aAgricultural prices
264 1 _aSalt Lake City, UT :
_bProject Gutenberg,
_c2025
300 _a1 online resource :
_bmultiple file formats
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
500 _aRelease date is 2025-05-09
508 _aRichard Tonsing and the Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)
520 _a"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. He explains the intricacies of how prices are registered, particularly through the futures market on the Chicago Board of Trade, outlining both the perceived gambling nature of speculation and its actual role as risk insurance. The early chapters detail the interplay of cost of production, supply and demand, and strategy in agricultural price formation, and they introduce the "ratio method" as a way to determine fair prices for products like hogs based on historical data. This analytical approach, combined with historical examples, sets the stage for a detailed, mathematical study of agricultural price trends throughout the rest of the book. (This is an automatically generated summary.)
534 _pOriginally published:
_cDes Moines, Ia.: Wallace Publishing Company, 1920
653 _aPrices
653 _aFarm produce
653 _aAgriculture -- Statistics
856 4 _uhttps://archive.org/details/agriculturalpric02wall
856 4 0 _uhttps://www.gutenberg.org/ebooks/76047
999 _c116772
_d116772