Commodity Programs and Inflation

Penn, J.B.

doi:10.2307/3180341

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Agriculture In the Economy1

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1981

1993

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“…It is estimated that of each dollar spent by Australian households on food, from 60 to 70 cents pays for the off-farm activities of storage, transport, processing and distribution and the remainder goes to the farmer (Table I). A similar figure of 62 per cent is quoted by Penn (1979) for the USA. The relative importance of these off-farm activities varies with commodities and over time for the same commodity.2…”

Section: Agriculture In the Economysupporting

confidence: 76%

ASSESSING SOME EFFECTS OF INFLATION ON THE AGRICULTURAL SECTOR^*

Freebairn

1981

Australian Journal of Agricultural Economics

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The time pattern of effects of inflation on prices received, prices paid, asset returns, and real incomes of different members of the agricultural sector is described. In the long run it is argued that inflation will have very small, if any, effects on relative prices or real incomes. For the short run, which may be several years, it is likely that some prices will rise more slowly than others and cause income losses. Included in the group of losers are producers of export products.

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Section: Agriculture In the Economysupporting

confidence: 76%