Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
These conditions offer a reward to those agricultural enterprisers
who can purchase lands at a price based upon the high costs and lower
yields of the older methods and cultivate them at the lower costs and
with the larger yields of the newer methods. This movement, therefore,
toward the consolidation of smaller into larger farms is likely to
continue in many communities for several decades. This is likewise
an advantage to the community in increasing the production with less
labor. But the net effect upon the social life of the countryside is
more doubtful, and calls for careful consideration.
§ 3. #Self-sufficing versus commercial farming. The typical American
farming family once produced nearly everything it used, and used
nearly everything it produced. It was very nearly a self-sufficing
economic unit, "a closed economy," as it sometimes called. Food,
clothing, fuel, lumber, houses, furniture, tools, were on the farm
carried through the various processes from the first gathering of the
raw materials to the finished product. They were then consumed by the
farm household. It is true that even in the first settlements there
were some craftsmen, cobblers, millers, weavers, blacksmiths--whose
services and wares were got by trading some of the surplus products
from the farms--butter, cheese, eggs, wool, hides, furs, live stock,
grain lumber. A few rare commodities of foreign make found their way
to the farm through peddlers and merchants; but altogether the goods
produced outside the farm were a small fraction of the family's
consumption, and were exchanged for but little of the farm's
production. Most farmers tried to produce for themselves, as far as
possible, everything their families needed, when the soil and
situation were poorly suited to the purposes. True, there were early
some exceptions to the general rule, where only one kind of crop was
taken from the land. Such was the forest product of masts, shingles,
lumber, and turpentine, and the great southern staple, tobacco, and
later, cotton. The exceptions have been tending to become the rule
in more and more communities. Farmers have been specializing more
and more in the kinds of products to which their farms are adapted in
respect to soil, relation to market, and otherwise. These products are
taken to market and sold for money with which are bought the things
needed for use on the farm.
Public-domain text, read in full here on John Shaqi.
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