PRICES: Parity Regained

Ever since the start of war in Korea, U.S. farmers have had a price advantage over other citizens. The prices they got for their products went up faster than the prices they had to pay for goods they bought. Last week the Agriculture Department reported a marked change. In mid-February, for the first time in nearly two years, the average of all farm prices stood at parity, i.e., agricultural prices were in balance with industrial prices.*

Part of the change was caused by a slight rise in industrial prices. But most of it was due to a 4% drop in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!