Income from Agricultural Production

the basis for a broad survey of agricultural income before, during and after the war. From the two studies it is possible to estimate the changes that have taken place in: (1) The rate of return on all capital employed in agriculture; (2) The rate of return on the capital owned by all farm operators (owners and tenants) as distinguished from the capital owned by non-farmers; (3) The rewards for the operator's labor, risk and management; (4) The distribution of the operator's income. These phases of agricultural income will be discussed in turn.