PART I.

Our Present Price-Registering System 7 The Three Price-Making Forces 11 Criticism of Our Price-Making System 15 Supply and Demand 20 Can “Price” Make “Supply and Demand”? 22 Cost of Production 26 Ratio Method of Determining Cost of Producing Hogs 30 Supply and Demand Versus Cost of Production 36 Cattle Prices and the Ratio Method 39 Packer Prices and the Ratio Method 41 Milk Price Determination 44 Cost of Producing Crops 49 Consumers’ Ratios 52 Technique of the Ratio Method 57 Limitations of the Ratio Method 60 Retail and Wholesale Prices 62 Pork Exports the Barometer of Corn Belt Prosperity 64 Corn Belt Land Values and the Cost of Producing Corn 72 Price Stability and Soil Fertility 74 Measuring Total Crop Production 75