Price Behavior Of Purchased Farm Inputs, 1970-1976

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Date

1977

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North Dakota State University

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The topic is the pattern of prices paid by farmers for production items and services from 1970-76. Relative increases in the costs of three off-farm services provided to farmers are: interest, wages and taxes. The interest expense on real estate, wage rates on hired labor, taxes on real estate, other production costs and the cost-price squeeze are all addressed in this article.

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