AGRICULTURAL ECONOMICS 



gree of success attained by one of their number is 

 the result of hard work, clear thinking, and skil- 

 ful management. These more intelligent farm- 

 ers are coming to recognize that there are funda- 

 mental economic principles which, when carefully 

 followed, lead the way to success in agricultural 

 production. The setting forth of such princi- 

 ples is one of the aims of this book. 



The development of commercial agriculture has 

 brought the tillers of the soil into close economic 

 relations with those engaged in other industries. 

 The farmer has become dependent upon the 

 manufacturer, the merchant, and the commercial 

 carrier. But besides the relations which arise 

 when the products of the country are exchanged 

 for those of the city, should be mentioned those 

 which are involved whenever labor is employed, 

 and whenever the use of land is acquired either by 

 lease or by purchase. These various relations 

 often result in conflicting interests which must be 

 adjusted by public authority in accordance with 

 some generally accepted principle. Hence it has 

 come about that these economic relations have 

 their legal side. So to analyze the conditions of 

 agricultural production that those who make the 

 laws, which are intended to adjust the economic 

 relations of those engaged in this industry, may 

 act intelligently, is, therefore, another purpose 

 which has been held in mind in the preparation of 

 this work. 



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