Historical Perspective Agriculture and the Economy.
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Transcript of Historical Perspective Agriculture and the Economy.
![Page 1: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/1.jpg)
Historical Perspective
Agriculture and the Economy
![Page 2: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/2.jpg)
FARM PRODUCTIVITY
0
20
40
60
80
100
120
IND
EX
19
96
= 1
00
Total Factor Productivity
![Page 3: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/3.jpg)
PRODUCTION INPUTS
0.0000
0.5000
1.0000
1.5000
2.0000
2.5000
3.0000
3.5000
Year 1952 1957 1962 1967 1972 1977 1982 1987 1992 1997 2002 2007
Ind
ex 1
996=
100
Years
Labor, Chemicals and Equipment Use Index
Labor Chemicals Eqipment
![Page 4: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/4.jpg)
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
Year 1952 1957 1962 1967 1972 1977 1982 1987 1992 1997
Ind
ex
199
6=10
0
Year
Fertilizer and Pesticide Use
Fertilizer Pesticides
![Page 5: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/5.jpg)
Adoption of Genetically Engineered Crops
![Page 6: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/6.jpg)
HARVESTED CROP ACRES
250
270
290
310
330
350
370
19
50
19
53
19
56
19
59
19
62
19
65
19
68
19
71
19
74
19
77
19
80
19
83
19
86
19
89
19
92
19
95
19
98
20
01
20
04
Mil
lio
ns
of
Ac
res
Harvested Cropland Acres
![Page 7: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/7.jpg)
REAL FARM INCOME
0.0
100.0
200.0
300.0
400.0
Billions $ (2005=100)
Real Farm Income
![Page 8: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/8.jpg)
U.S. Agricultural Exports and Imports
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
Mill
ion
s o
f $
Agricultural Exports
Agricultural Imports
![Page 9: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/9.jpg)
U. S. Agricultural Trade Balance
(5,000)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Mill
ion
s o
f $
Agricultural Trade Balance
![Page 10: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/10.jpg)
FARM REAL ESTATE VALUES(Land and Buildings)
0500
1000150020002500$ Per Acre Farm Real EstateValues
Nominal Value Real Value
![Page 11: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/11.jpg)
INFLATION AND MONEY SUPPLY
-5
0
5
10
15
Per
cen
t A
nn
ual
Ch
ang
e
Year
Consumer Price Inflation and Growth in Money Supply
Change in Money Supply Change in CPI
![Page 12: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/12.jpg)
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![Page 14: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/14.jpg)
Monetary Base
QE 2
QE 1
QE 3
![Page 15: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/15.jpg)
Reserve Balances with FED
![Page 16: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/16.jpg)
Real Gross Domestic Product
![Page 17: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/17.jpg)
M2 Money Velocity
![Page 18: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/18.jpg)
-202468
1012
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
2007
2010%
Pri
me
le
ss %
Cha
nge
in
CP
I
REAL PRIME INTEREST RATE
REAL PRIME INTEREST RATES
![Page 19: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/19.jpg)
Bank Prime Loan Rate
![Page 20: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/20.jpg)
30-Year Conventional Mortgage Rate
![Page 21: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/21.jpg)
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March 1977 – August 2009U.S. Treasury Yield Curve
• http://www.smartmoney.com/onebond/index.cfm?story=yieldcurve
![Page 26: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/26.jpg)
Current Treasury Yield Curve
![Page 27: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/27.jpg)
3 MO vs. 10 Year Treasury Rates
![Page 28: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/28.jpg)
10 Year Treasury Bond Minus3 Month Treasury Bill
![Page 29: Historical Perspective Agriculture and the Economy.](https://reader035.fdocuments.in/reader035/viewer/2022062221/56649eb05503460f94bb60ab/html5/thumbnails/29.jpg)
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http://politicalcalculations.blogspot.com/2006/06/visualizing-probability-of-recession.html
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