An economic analysis of adjustments by a sample of farms in northeast Missouri, from 1962 to 1965
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"This study was undertaken to study the adjustments and economic consequences of those adjustments for typical Missouri farm operations of various types in recent years. Specifically, the objectives of this study are as follows: 1) To examine the rate of change (adjustment) on farms. 2) To examine adjustments of size, farm type and group changes for a known sample of operators to gain insights into the adjustment process. 3) To determine changes taking place in resource productivities. The use of production function analysis is used to analyze some of the changes in resource allocation that have taken place in Northeast Missouri between the years 1962 to 1965. This indicates changes in efficiency of given inputs, shows which inputs have become more important, and points out the direction of the changes. By comparing the same sample farms between the two years, the shifts among the types of farming operations can be observed. Such changes can be important in formulating policy recommendations for agriculture in the future."--Objectives.
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