Show I Farmers Continuing To Buy Machinery Demand Backlog Labor Costs Held as Factors Although farm tann operators' operators net In in- Income income income come and their purchases of agri agricultural agricultural I cultural machinery were both down downIn downIn In 1949 19 neither has hu slipped sUpped very far from their peak levels Realized net Income from agriculture In 1949 19 approximated 14 billion dollars ac tic according cording to the latest estimate of the bureau of agricultural economics I The bureau reported that no of of- official official tidal figure of agricultural ma ma- machinery machinery chinery purchases In 1949 1940 Is yet ret available a but Informed trade and Washington sources expected the total to be down loIl from last Jast year by about the same percentage as farmers farmers' farm larm- ers ers' net Income That would Indi Indicate cate a figure of about two to 21 bU bil bUlion lion I In the record year car of 1948 19 pur pur- purchasers purI purchasers chasers reached 24 billion an all all- I time Ume high If U 1949 expectations ma ma- maii q pr f.- f. j I r Moo t ii Typical of the ever ing lal use of or farm machinery Is this farmer operating op a tractor to break ground round In a matter of or hours which would have pre pro previously previously required days I farm machinery pur pur- purchases purchases purchases chases would still sUll be almost four times as large as the 39 1935 aver aver- average age Several factors besides high In Incomes in- in incomes Incomes comes have acted In recent years year s to help boost purchases of equip ment In some measure they were e expected to ada add strength to the th e equipment market for some somo time |