Analysis. pp. 1.

Agriculture viewed in its entirety reached the year 1947 with assets of 111,209 million dollars, the largest in history. The huge wartime increases in the market valuations of farm real estate and other physical assets and the extensive gains in money and in savings bonds were followed by still further increases in all these items in 1946, the first full postwar calendar year. For only one major item was the wartime trend of the individual Balance Sheet items reversed: Instead of decreasing during 1946 as it had in other recent years, agricultural debt increased.