According to an article in the Wall Street Journal, in 2017, farmers in the United States were

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According to an article in the Wall Street Journal, in 2017, farmers in the United States were facing a fourth consecutive year of falling farm incomes. The article states that a “deepening downturn in the U.S. agricultural economy” was the result of years of bumper harvests. Shouldn’t increases in the amount of agricultural products farmers sell be good news for them and raise their incomes? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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