ABSTRACT

The overall view of agriculture in Chapter 6 indicated that, in general, resource adjustments from 1917 to 1968 involved the use of additional and different capital inputs such that farm output more than doubled from about the same land area but with less than one-third the labor required in 1917. And within the capital structure itself, changes involved shifts from durable to expendable, from farm-produced to nonfarm-produced, and from labor-using to labor-saving inputs. Overall trends were discussed in Chapter 6; here we examine causes and/or impacts of adjustments in the productivity and use of specific capital inputs.