Indeed, sometimes his success has created his biggest problem: the agricultural sector has suffered periodic bouts of overproduction that have depressed prices. The American farmer has generally been quite successful at producing food. Even people who moved out of farming often used land as a commodity that could easily be bought and sold, opening another avenue for profit. Moreover, many Americans - particularly immigrants who may have never held any land and did not have ownership over their own labor or products - found that owning a farm was a ticket into the American economic system. Early in the nation's life, farmers were seen as exemplifying economic virtues such as hard work, initiative, and self-sufficiency. But farming has been particularly valued in the United States. Farmers play an important role in any society, of course, since they feed people. The Role of the Government in the EconomyĪmerican Agriculture: Its Changing Significanceįoreign Trade and Global Economic Policiesįrom the nation's earliest days, farming has held a crucial place in the American economy and culture.
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