Looming Problem of Postwar Surpluses
Expansion of Agriculture's Capacity to Produce
Problems of readjustment in agriculture are likely to prove as difficult of solution as the twin problems of reconverting industry to peacetime production and providing full employment for American labor after the war. The productive capacity of American farms has been increased during the war by approximately 40 per cent. A smaller expansion during World War I upset the agricultural-industrial balance and plagued the country with continuous surpluses of agricultural products for almost two decades.
Restoration of controls developed during the 1930's will provide an answer to some of the problems of readjustment in agriculture, but it is generally agreed that the only overall solution to the dominating problem of agricultural surpluses is to be found ...