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I teach a high school history class, and I can tell you what the great depression did to agriculture as a whole, though I have no specifics regarding actual prices.
During the 1920s production of produce began rising (seemingly without limit) this was due to an increase in technology to do the work of many in a short period of time, and the demand for food due to people moving into the cities no longer able to grow their own vegetables.
When the great depression hit, all areas of the economy were hit hard, but agriculture was hit harder than most because of the vicious cycle of no money in people's pocket and the obvious fact that produce can be more costly than a canned option.
Production increased because farmers who were coming close to losing their farms due to their mortgages they took out in times of prosperity began growing even more to make more money (simple economic concept) but then there was more supply than demand after awhile (another simple economic concept). After this- the price drops dramatically.
FDR fixed a lot of this with the AAA.
I hope this helps to point you in a general direction. I know cotton would have been lumped in with this chain of events.
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∙ 16y ago
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