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Agriculture's Share of the National Income: A Comment

Published online by Cambridge University Press:  07 November 2014

G. L. Burton
G. L. Burton*
Affiliation:
Dominion Bureau of Statistics
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Abstract

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Type
Notes and Memoranda
Information
Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 10 , Issue 2 , May 1944 , pp. 206 - 209
Copyright
Copyright © Canadian Political Science Association 1944

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References

1 Appendix 4 to the Report of the Royal Commission on Dominion-Provincial Relations (Ottawa, 1940)Google Scholar, and the continuation of these estimates for the years 1937-40 which were prepared for the Dominion-Provincial Conference held in January, 1941.

2 For a concise statement of the limitations of such comparisons see Schultz's, T. W. Redirecting Farm Policy (New York, Macmillan, 1943).Google Scholar

3 Estimates of net income accruing to persons on farms from farming for the period 1940-3 are now being prepared in the Agricultural Branch of the Dominion Bureau of Statistics.

4 Hope, E. C., “Agriculture's Share of the National Income” (this Journal, vol. IX, 08, 1943, p. 384).Google Scholar

5 An apparent inconsistency occurs in the calculation of interest on farm mortgages received by individuals. Here “the figures shown are not the actual cash receipts but the amounts receivable for each particular year.”

6 The procedure adopted by the Bureau of Agricultural Economics in the United States has been to value physical changes in inventory at year end prices. See the B.A.E., publication, Material Bearing on Parity Prices (07, 1941).Google Scholar