DEVELOPMENT IN THE UNITED STATES 331 



change in the price of the product rather than to a change in the 

 amount produced. In order to show this we will pass from a study 

 of the acreage of crops and the relationship existing between 

 acreage and value, to a study of the production together with the 

 relationship between quantity produced and value. The most im- 

 portant group of crops is the general group designated as cereals. 

 Considering this as a whole, we find that whereas there was an 

 increase of only 1.7 per cent in the number of bushels produced 

 there was an increase of 79.8 per cent in the value. Clearly the 

 increase here is due almost entirely to the increase in the value 

 per bushel, not to any material increase in production. Turning 

 our attention now to individual cereals, we find that there was an 

 actual decrease in the quantity of corn produced of 4.3 per cent, 

 yet at the same time an increase in the total value of the corn 

 crop of 73.7 per cent. There was an increase of only 6.8 per 

 cent in the quantity of oats produced, and yet there was an increase 

 of 91 per cent in the value of that crop. Likewise the increase 

 in the quantity of wheat produced was 3.8 per cent, whereas 

 the increase in the value was 77.8 per cent. Without going into 

 the same detail, it is sufficient to notice that in every other class, 

 barley, buckwheat, rye, kafir corn and millo maize, and rice, 

 the increase in value was much greater than the increase in quantity 

 produced. The same thing is true in the case of such minor grains 

 and seeds as dry edible beans, dry peas, peanuts, and flaxseed. 



Turn now to other cases. For another crop of extraordinary 

 importance, that of hay and forage, we find the same gen- 

 eral story. There was an increase of 23 per cent in the number 

 of tons produced, accompanied by an increase of 70.2 per cent 

 in the value of the crop. The quantity of tobacco increased 2 1 .6 

 per cent, while the value of the crop increased 83 per cent. An 

 increase of 11.7 per cent in the quantity of cotton produced was 

 accompanied by an increase of 1 17.3 per cent in the value of the 

 cotton crop. It is unnecessary here to list all of the farm crops 

 which I have considered. Suffice it to say that in every case where 

 the quantity of crop and value of the crop have been reported 

 I have found the same tendency. It is worth while to note that 

 in this study it is possible to make comparisons in the production 



