136 The Stock Market Crash—And After 
Savings of Packing Industry 
It is said of the packing industry that it utilizes 
“all of the pig but the squeal.” The cost of beef, 
pork and lamb to the consumer is today much less 
than it would be had not the packing industries 
organized on a large scale and utilized every part 
of the slaughtered animal to increase their income 
and pay the costs of production. These costs were 
formerly paid for by the meat, the hides, and to a 
limited extent by the fat, bones and horns. Now 
every part of the animal contributes its quota to 
the total revenue. 
The effect of utilizing these waste products is 
often to increase the income received by the farmer 
for his crops, as well as to lower the price of the 
staple crops to the manufacturer and consumer. In 
future, factories may well be located in rural dis- 
tricts near the sources of the raw materials that have 
heretofore been wasted. Costs of farm products 
will be distributed over a large number of new prod- 
acts which now bring in nothing, and often entail 
costs up the farmer to get rid of them. 
An Agricultural Revolution 
Research is bringing about an agricultural revo- 
lution, which is of special significance in this dis- 
cussion of enhanced values, since agriculture is the 
source of nearly all food and most raw materials 
utilized by man. 
Economists classify agriculture as an extractive