Word: cottone
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Dates: during 1940-1949
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Examples: the parity price for corn, 97? in September 1942, touched $1.06 a year later and is now at $1.15. The parity price of wheat rose from $1.34 to $1.58, cotton from 18.85^ to 22jf...
First step in using the formula is to determine a base price for the 1909-14 period. This is done by averaging farm prices reported to the Department of Agriculture during these years. For example, cotton averaged 12.4? a pound; wheat 88.4?a bushel; corn 64.2? a bushel...
Third step is to adjust the 1909-14 base period prices by the index of prices paid by the farmer. Thus the parity price for cotton in March was 1.79 times 12.4? , or 22.2? a pound; parity price for wheat was 1.79 times 88.4?, or $1.58 a bushel; for corn...
...John Cotton Walcott...
...Gale Cotton Burton...