Profits might also increase, because improvements might take place in agriculture, or in the implements of husbandry, which would augment the produce with the same cost of production.
Sentiment: POSITIVE
The duty of the individual farmer, at this time, is to increase his production, particularly of food crops.
What farmers gain most of all from the increase in agricultural productivity, of course, is choice.
The most effective step that may be taken to increase the production of these crops is to enlarge the acreage devoted to them in the regions where they are grown habitually.
If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.
To make agriculture sustainable, the grower has got to be able to make a profit.
Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.
As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity.
Because of technological limits, there is a certain amount of food that we can produce per acre. If we were to have intensive greenhouse agriculture, we could have much higher production.
We can produce more per acre on a fifth of the fuel as the industrial food system.
One succeeds in obtaining an equivalent production at a lower price by improving the arts, trades and agriculture and by developing the physical and moral qualities of workers, farmers and craftsmen.
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