The fiscal problem in Missouri

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Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. The farm tax problem in Missouri

Collection:: Economics Books

CHAPTER VII THE FARM TAX PROBLEM IN MISSOURI ISSOURI, like all other states in which agriculture M is important, has an agricultural problem. This problem has many angles, of which taxation is one. Farm taxes, however, are to be regarded not as a direct cause of the depressed condition of agriculture, but rather as a complicating factor in the situation. Much more important than the relation. of taxes to the farm problem are the circumstances that have resulted in overproduction of agricultural commodities and consequent low prices. The origin of the agricultural problem in the United States may be traced back to the homestead laws, which tended to bring the formerly unused acreage under cultivation at a rapid rate. During the World War period the acreage under cultivation was again increased, not only in the United States but also in other countries, the products of which compete with those of the United States in the world market. The excessively high prices prevailing during this period stimulated the development of unused lands as well as the more intensive cultivation of land in general. When prices declined after the War there was no immediate withdrawal of land from cultivation. In recent years some land has been withdrawn, but the acreage of the principal crops has not changed greatly. While low prices should tend to reduce the acreage, such a result may not be immediate. From the standpoint of agriculture as a whole, reduced acreage is desirable, but the individual farmer, faced with low prices for his product and certain fixed expenses that must be met, frequently tries to solve his problem by increasing output. While such a policy may result in some immediate benefit to the individual farmer, it tends to depress prices still further and thus works to the detriment of farmers as a group. Other factors, such as greater efficiency in production and 01

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