The agricultural output of England and Wales 1925

Bibliographic data

Monograph

Identifikator:: 1757028552

URN:: urn:nbn:de:zbw-retromon-135495

Document type:: Monograph

Title:: The agricultural output of England and Wales 1925

Place of publication:: London

Publisher:: Stat. Off.

Year of publication:: 1927

Scope:: XV, 152 Seiten; graph. Darst., Kt.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XI. Agricultural prices

Collection:: Economics Books

| 10 very rapidly accompanied by acute depression; and in the fifth (1923-1925) prices were comparatively steady. These price changes were due mainly, though not wholly, to causes external to agriculture—that is to say, causes which brought about changes in the general level of the prices of all commodities; or, in other words, they were due more to changes in the purchasing power of money than to changes in conditions of supply and demand in respect of agricultural produce. * The average fall in wholesale prices (all commodities included in Sauerbeck’s index number) between 1871-1875 and 1894-1898 was 40 per cent. The corresponding fall of certain agricultural produce is given below :— Wheat - Barley - Oats - Potatoes Pork - Beet - Bacon - Mutton - - Butter - " 51 per cent. 39 38 39 23 29 25 25 25 Of these commodities wheat was the only one to fall in price more than all commodities—a fact which was undoubtedly accounted for by the increased production of wheat in the newer countries of the world, the development of transport facilities abroad and the reduction in ocean freight rates. In its reaction upon agricultural production this prolonged period of declining prices was the most disastrous that had been experienced since that which followed the Napoleonic wars. The depression was, however, mainly in arable farming, as is indicated by the rela- tively greater fall in cereal prices. Stock farming suffered to a considerably less degree. In the second period the average rise in general commodity prices was 33 per cent. between 1894-98 and 1910-14. The corresponding rise of certain agricultural commodities was :— Wheat 22 per cent. Barley i Oats = - i Potatoes Pork =: Beef Bacon Mutton Butter 3 * The changes in the general level of Agricultural prices owing to monetary causes is discussed in the Report of the Committee on Stabilisation of Agricultural Prices published by the Ministry of Agriculture. Economic Series No. 2, price 1s. 6d, 20012

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