The Home Market for American Agriculture

The total value of all farm products at the farm for the crop year 1927-28 was $12,253,000,000, excluding products fed to livestock and used for seed. The exports, at export prices, for the fiscal year ending June 30, 1928, were $1,816,000,000. Reduced to a common basis of valuation, these exports would equal about 12 per cent of the total. Thus 88 per cent of the production of our farms in 1927-28 found a market at home. About a fifth was consumed by the farm families on the same farms where produced. The imports of agricultural products in the fiscal year 1928 totaled $1,880,000,000, exceeding the exports by $64,000,000. Table I gives comparable data for the preceding six years. Perhaps imports are slowly gaining on exports. Similar data for forest products are needed to complete the picture. The principal item in imports of forest products is rubber, representing $312,300,000 in 1928

Agricultural economics · Agriculture · Business · Economics · Geography · Forest Management and Policy