PRICES OF FARM PRODUCTS. 
69 
Table XXII. — Farm price and purchasing power of wheat in the United States at 
December 1 prices. 1 
Year. 
1867. 
186e<. 
1870. 
1871. 
1872. 
1873. 
1874. 
1S75. 
187(3. 
1877. 
1878. 
1879. 
1880. 
1881. 
1882. 
1883. 
1884. 
1885. 
1886. 
1887. 
Price per 
bushel, 
Pur- 
chasing 
power 
Value 
per acre 
har- 
m cur- 
vested, 
rency. 
1910-1914 
in cur- 
= 100. 
rency. 
Cents. 
195.7 
148 
$22. 69 
116.7 
118 
17.81 
92.9 
79 
12.61 
104.5 
95 
12.99 
125. 1 
115 
14.47 
125.0 
114 
14.98 
117.6 
110 
14.92 
96.4 
93 
11.90 
101.9 
104 
11.29 
104.7 
115 
10.96 
108.7 
129 
15.06 
77.7 
99 
10.16 
110.8 
137 
15.27 
95.1 
113 
12.48 
119.2 
140 
12.12 
88.4 
104 
12.02 
91.1 
112 
10.52 
64.5 
84 
8.38 
77.1 
104 
8.05 
68.7 
94 
8.54 
68.1 
92 
8.25 
92.6 
124 
10.32 
69.8 
95 
8.98 
83.8 
115 
9.28 
83.9 
118 
12.86 
62.4 
91 
•8.35 
53.8 
81 
6.16 
Pur- 
chasing 
power per 
acre har- 
vested— 
1910-1914 
= 100. 
116 
96 
72 
80 
89 
92 
94 
77 
78 
81 
121 
127 
100 
121 
82 
63 
Year. 
1894. 
1895. 
1896. 
1897. 
1898. 
1899. 
1900. 
1901. 
1902. 
1903. 
1904. 
1905. 
1906... 
1907... 
1908. . , 
1909. 
1910. 
1911. 
1912. 
1913. 
1914. 
1915. 
1916. 
1917. 
1918. 
1919. 
1920. 
Price per 
bushel, 
Pur- 
chasing 
power 
Value 
per acre 
har- 
m cur- 
vested, 
rency. 
1910-1914 
in cur- 
= 100. 
rency. 
Cents. 
49.1 
79 
$6.48 
50.9 
85 
6.99 
72.6 
124 
8.97 
80.8 
136 
10.86 
58.2 
92 
8.92 
58.4 
84 
7.17 
61.9 
87 
7.61 
62.4 
88 
9.37 
63.0 
84 
9.14 
69.5 
96 
8.96 
92.4 
125 
11.58 
74.8 
97 
10.83 
66.7 
81 
10.37 
87.4 
107 
12. 26 
92.8 
116 
12.97 
98.6 
115 
15.11 
88.3 
105 
12.28 
87.4 
104 
10.96 
76.0 
87 
12.12 
79.9 
91 
12.16 
98.6 
114 
16.41 
91.9 
100 
15.58 
160.3 
125 
19.50 
200.8 
126 
28. 35 
204.2 
113 
31.80 
215.1 
103 
27.63 
144.3 
19.86 
Pur- 
chasing 
power per 
acre har- 
vested — 
1910-1914 
= 100. 
71 
78 
103 
123 
95 
72 
82 
84 
106 
94 
85 
101 
109 
119 
93 
93 
127 
114 
103 
120 
119 
1 Prices as reported by the Department of Agriculture are converted to currency basis during the Civil 
War period by using the premium on gold as reported by the Treasury Department. Purchasing power is 
calculated by dividing the price index by the index numbers of prices of all commodities for December, 
Table II. Before 1900 the index numbers are not available for December. The average for the year and 
following year is then used. 
