Agricultural planning, individual or national, depends on an understanding of competition in farm products between one region of the United States and another. The agriculture of different parts of the United States competes constantly with that of other parts—as, for example, the early competition in cotton between the northern frontier and southern growers, later between the southwest frontier and the Old South, and recently between California and the South. There is equally strong competition between potato-growing regions. It is this inter-regional competition in a country with no trade barriers which two outstanding economists analyze in this book.
They present the results of a concrete study of one outstanding example: competition in dairy production between the Northeastern States and the Lake States of the central Midwest for the New England market for fluid milk and cream. Six selected sample areas were analyzed carefully in each region in 1935–36 and predictions were made about future production and marketing of dairy products in each of these areas. Ten years later these areas were surveyed and the production changes compared with the predictions.
The authors’ conclusions about the conditions under which New England will be able to continue to compete with the lake states for the New England market are significant in themselves. Even more important, however, is the development of a method of analysis which can be widely employed to furnish the information which is needed to guide future developments in the agriculture of the United States or in any other country. This study is therefore an important contribution to the theory of interregional and international trade.
The Soybean Industry was first published in 1952. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.
The rapid development of the soybean industry in the United States is reflected in the growth of the industry in Minnesota, a state that now ranks sixth in total production. This state was one of the last to develop a soybean crop, but in the decade from 1940 to 1950 the dollar value of its crop rose from $76,000 to $37,000,000.
Because the industry is a new and important one on the agricultural front, producers and processors in the industry, as well as members of the grain trade and agricultural economists, are faced with the problem of ascertaining the probably future trends of the industry. This study provides a factual basis for the industry's future planning in Minnesota and in other major soybean-producing and processing states.
Since the total picture of supply and demand and the operation of the industry within a single state are interrelated and interdependent, the study describes the elements of production, utilization, and processing on international, national, and state levels. These factors are then correlated with significant aspects of transportation, storage, commodity markets, and price formulation for an analysis of the competitive position of the industry in Minnesota. In conclusion, the future of the industry as a whole as well as specifically in Minnesota is estimated.
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