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S Illinois | Inflation over the years would play no part in his ratio due to the fact that it acts on both wages and farmland equally. Both wages and farmland would be adjusted by the same percentage and this would cause no change in the final acres/yearly wage factor. A dollar earned in 1954 would buy the same amount of land in 1954 no matter what inflation did afterwards. Now if we want to talk about productivity, that can change a lot. | |
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Avg wage in relation to farmland values
