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Author Question: Article SummaryAccording to the Department of Agriculture, net farm income will fall from $91.1 ... (Read 249 times)

shofmannx20

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on: Oct 8, 2019

Article Summary

According to the Department of Agriculture, net farm income will fall from $91.1 billion in 2014 to $58.3 billion in 2015, a 36 percent drop and the largest percentage decline since 1983.  Falling prices on corn and soybeans are responsible for a portion of the decline in income, as are lower prices for dairy products, hogs, and chickens. The USDA is, however, predicting lower production costs due to falling prices for energy, seed, fertilizer, and pesticides.

Source: Jesse Newman, "U.S. Farm Income to Fall to Lowest Level in Nine Years," Wall Street Journal, August 25, 2015.



Refer to the Article Summary above. All else equal, the lower production costs should help offset some of the falling income and


◦

prevent losses from occurring in the agricultural sector.


◦

keep profits from falling to an even lower level.


◦

reduce the equilibrium quantity of agricultural output.


◦

keep prices from falling to an even lower level.

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Marked as best answer by shofmannx20 on Oct 8, 2019

zenzy

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Reply #1 on: Oct 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shofmannx20

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Reply #2 on: Oct 8, 2019
Excellent


zenzy

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Reply #3 on: Oct 8, 2019
Great! Please up vote :D


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