Inflation would help pay off loans Inflation would help pay off loans
The farmer is able to sell his crops at higher prices and the value of his land rises. The combination of a raised income and increase of land value allowed the farmer to settle his debts.
Farmers wanted inflation and business owners wanted deflation
They hoped to cause inflation.
Inflation is good for farmers because they will be able to raise their prices high due to the scarcity of what they sale. Almost in an auction sort of way to see who will buy their crops.
Effects of inflation on Farmers:The price of farm products goes up faster than costs. Costs lag behind prices of product received by the farmers. It has been observed in India that inflationary tendencies during war and post-war periods have helped farmers in paying off their old debts. Moreover, farmers are generally debtors and have to pay less in real terms, while the land revenue, taxes, etc., do not rise much. Thus farmers generally gain during the periods of inflation.
there was a decrease in the buying power of the dollar, brought about by too much money in circulation
be paitence and grow the crop as usal bcoz india is the main exporter country in exporting the cereals paddy etc..... Now the population are icreasing day by day ......... if farmer are make mind to drop the plan then they inflation remain same ...... to drop the plan is not a solution to solve the problem of inflation //////
inflation
They hoped to cause inflation.
inflation
They hoped to cause inflation.
Inflation is good for farmers because they will be able to raise their prices high due to the scarcity of what they sale. Almost in an auction sort of way to see who will buy their crops.
Effects of inflation on Farmers:The price of farm products goes up faster than costs. Costs lag behind prices of product received by the farmers. It has been observed in India that inflationary tendencies during war and post-war periods have helped farmers in paying off their old debts. Moreover, farmers are generally debtors and have to pay less in real terms, while the land revenue, taxes, etc., do not rise much. Thus farmers generally gain during the periods of inflation.
silver coinage induced inflation which was beneficial to the farmers because it allowed farmers to pay loans of quicker and loans themselves were easier to acquire with the larger supply of money.
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
Because of inflation it would be worth about $25853.94 but this is only an estimate inflation rates for decades were based on what farmers were payed which could fluctuate for a number of reasons.
No
Because they were for inflation, and many of the comprised of poor individual farm hands and farmers who were debt ridden and over worked by the rates of the railroads and banker's interest rates. With inflation, real debt was actually lower than deflation (which they were in during the gold standard)
Farmers wasted their milk so they could decrease inflation on the milk. Less milk + popular demand = more expensive milk