Full text : Study week on the econometric approach to development planning

TABLE 6
‘ojected and actual acre yields of grains, U.S.. 1950, 1954-56, 1960-62, 1965 and 1075
1950 1954-56 1960-62 1965 1965 77
Proj.(1) Actual Actual Actual Proj.(2) Proj.(3) Proj.(*
«<B

Wheat (bu.) . .
Corn (bu.) .
Oats (bu.) .
Barley (bu.) .
Gr. sorghum (bu
Soybeans (bu.}
Potatoes (cwt.)
Cotton (lbs.) .
Tobacco (lbs.)

NA

*

Le]

Lod

0

+04

J

1975
Proi.(®  Proj.(6
Attain- Maxiable
 mum

Jl
52
12
12
30
276
616
1,541

Gil

!) U. S. Dept. of Agriculture, What Peace Can Mean to American Farmers :
Misc. Pub. 562, May, 1945.
Long-Range Agricultural Policy: A Study of Selected Trends and Factors Relating to the Long-Range Prospects
for Agriculture, Committee on Agriculture, U. S. House of Representatives, 8oth Congress, 2nd Session, Washington,
 D.C., March, 1948, p. 46.
U. S. Department of Agriculture, Farm Production Trends, Prospects, and Programs, Agri. Inf. Bul. No. 239,
May, 1961, p. 92.
Resources for Freedom: A Report to the President’s Materials Policy Commission (The Paley Commission), June,
1952, Vol. V, p. 66. The « A » yield estimate « based on the assumption that all commercial agriculture of the
U.S. is organized and managed to make full use of all available technology where such use would add more to
farm receipts than to expenses. » The « B » estimate was formulated on the basis of « a projection to 1975 of
the yield likely to come about from such application of available techniques as can reasonably be expected on
the basis of past experience. »
U.S. Department of Agriculture, Our Farm Production Potential, 1975, Agri. Inf. Bul. No. 233, Sept., 1960,
p. 6. « The economic maximum yield is based on full, efficient economic application of presently known technology
 under assumed economic conditions. Economic attainable yields are yields that would be expected, by
1975, from actual application bv farmers of presently known technology. » (Ibid., p. 3)
            
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