fullscreen: Study week on the econometric approach to development planning

1168 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 76 
ceeded by 1960-62 yields in every case where comparison is 
possible; the percentage excess ranged from 19 to 68 (!). It 
may be noted that the 1965 projections from a study published 
in 1961 were equalled or exceeded in six out of seven cases 
by 1960-62 yields. 
At the time they were made, the projections of the Paley 
Commission were criticized for being unrealistically optimistic. 
It may be noted that the lower of the two estimates (the « B » 
projections), except for soybeans, have already been exceeded 
by the 1960-62 yields. The last set of projections included in 
the table were published in 1961. Most of the « attainable » 
projections have been exceeded or equalled. 
It should be noted that the yield projections have repre- 
sented what might be called judgment estimates. In some 
instances past trends have been extrapolated, but often the 
prospective yields have been estimated by agronomists and 
other agricultural scientists who are well acquainted with a 
specific crop and area. The projections have been the work 
of competent scientists. It is clear that the yield projections 
have missed or will miss the mark by a substantial margin. 
It is also fairly clear that if development plans had been based 
upon these projections, serious shortcomings would have 
emerged in the prosecution of the plans or certain objectives 
would not have been fulfilled. For example, the number of 
farm families that could earn a given level of net income in 
agriculture would have been much greater than the number 
that can now earn that amount if the actual yields of crops 
had been at levels consistent with either of the two sets of yield 
projections for 1965. Prices received by farmers would have 
been substantially higher than at present. Had farmers been 
induced to make their plans in terms of anticipated prices 
substantially above realized prices, a large economic loss would 
have been realized 
Q] The 1965 yield projections from the 1948 study were exceeded in 
1954-56 in five out of seven cases and almost eaualled in another. 
16] Johnson - pag. 28
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.