Files
Abstract
The first purpose of this statement is to summarize the parity price and parity income formulas contained in agricultural legislation from 1933 through 1957, indicating not only the basic calculations but also comparing actual and parity prices or incomes at various points within or over the period. In addition, the characteristics of several alternatives which are, on occasion, suggested for the current parity price formula are summarized (based on the discussion in the report of the Secretary of Agriculture on Possible Methods of Improving the Parity Formula, S. Doc. 18, 85th Cong., 1st sess).