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Abstract
Crop prices have dropped d:rast:j..cally in recent years while most production
costs have continued to increase. ;During the last three y~ars of the 1950fs as
compg.red with the first three years of the 1950's the average Indiana farm price
for various crops ha-d declined as .follows: corn, 29%; soybeans, 23%; oats, 22%;
wheat, 15%; and hay, 12%. In 1961 the' pric.es of these crops ·Wi.11 n:o doubt--be lower
than during the late 19501s. This does not necessarily mean. that we should use less
fertilizer. Whether one should use less or more largely depends upon fertilizer
·.application rates in the past.