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- W2275164552 abstract "Professor Brake and I agree that U.S. agriculture will require a great deal more capital by 1980. We differ substantially on the route to the conclusion reported in his paper and on the nature of agriculture and the possible sources of capital for agricultural enterprises by 1980. Impact of Structural Changes on Capital and Credit Needs, the title of this paper, really is not treated. The author spends the first third of the paper on a discussion of structure but then proceeds to make his projections along other lines. In recent years, agricultural economists spent a great deal of time and written a lot of words about structure. They do not define the word; they use it without agreement on meaning and without explaining their reasons for talking about it. Professor Brake does this. He selects some factors which he says have contributed to changes; he makes some assertions about them and then proceeds to an analysis which doesn't use them. The analysis discussed in this paper and the projections as a basis for its conclusions are in macro terms, with no classification of farms by type of product, by size, by nature of ownership, by operating characteristics, etc. In other words, the analysis makes no use of any of the structural characteristics described. Data do not exist for all but they do exist for some, and specification of needs might make them available in the Census of 1969." @default.
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- W2275164552 date "1966-12-01" @default.
- W2275164552 modified "2023-09-25" @default.
- W2275164552 title "Discussion: Impact of Structural Changes on Capital and Credit Needs" @default.
- W2275164552 doi "https://doi.org/10.2307/1237176" @default.
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