Document Type

Thesis - Open Access

Award Date

1961

Degree Name

Master of Science (MS)

Department / School

Economics

Abstract

“The need to increase farm income is apparent to those who study agriculture in this country today. Farm incomes in the united States and South Dakota have not kept pace with incomes of people in the rest of our economy.” United States non-farm income increased 40 % from 1950 to 1959, while incomes of farm people increased only 15% in the same period. This situation indicates a need for adjustment. Increasing the farm size is one means of adjustment. However, as Table I demonstrates, rates of change in farm size vary between geographical areas and over time. In the past decade, the percentage change in farm size for Lake County, South Dakota, was less than the percentage change for economic area 4B as a whole. Undoubtedly, there are many reasons for failures to adjust. One reason may be that operators do not recognize their problems. A recent study in Alabama showed that over 40% of the operators interviewed failed to recognize their problems. It is also possible that certain characteristics differentiate operators who are recognizing their problems from those who are not. By predicting future changes in characteristics associated with different abilities to recognize problems, it may be possible to anticipate future adjustments. Problem recognition has not always been identified as a step in managerial adjustment. Classical economists primarily dwelt upon the method by which men should choose among alternatives, and gave little or no attention to the role of problem recognition in managerial adjustments.

Library of Congress Subject Headings

Farm management -- South Dakota -- Lake County

Description

Includes bibliographical references

Format

application/pdf

Number of Pages

55

Publisher

South Dakota State University

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