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Farmers believed that their economic demise resulted from the low prices which they received for their produce. Statistics validate their belief as the price of agricultural produce did fall drastically during the closing decades of the 19th century. According to the U.S. Department of Agriculture, from 1870 to 1897, wheat prices fell from $1.06 a bushel to 63¢ a bushel, corn from 43¢ to 30¢ a bushel, and cotton from 15¢ a pound to 6¢ a pound. Most of the time farmers received even less for their produce.

Farmers refused to admit it, but the primary cause of their problem was overproduction caused by increases in acreage of farm land and increased yields per acre due to improved farming methods generated by newly created agricultural colleges.

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13y ago
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9y ago

Farmers faced Native American raids, poor growing conditions, droughts, disease, insects, and anything that would give farmers a hard time now. Farmers had to pay higher prices for transportation which caused less profit - crops prices fell which also caused less profit. The government issued greenbacks then retired them, causing an increase in the value of money in the circulation.

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Q: What Of the following problems which was the biggest one that farmers faced in the late 1800s?
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