Salt Lake Telegram | 1935-12-19 | Page 5 | Farmers Reap Larger Income

FARMERS REAP LARGER INCOME v WASHINGTON ASHINGTON Dec 1 19 UP UP- UP More dollars jingled In farmers' farmers pockets pocket this year than at any time since 1930 agriculture department estimates showed toda today The monthly crop report estimated estimated esti esti- mated that farm Income this year ear would be greater than last year although benefit pa payments ments by the A A A will be less than In ht 1934 Secretary of Agriculture Henry A A. Wallace said the reduction in benefits benefits ben ben- resulted largely through smaller small small- er payments payment to hog corn farmers Farm income for tor 1935 was placed at of which 1630 was from Crom crops livestock and andI livestock products while I was paid by the A A A on crop reduction contracts This estimated estimated estimated esti esti- mated increase will amount to an Increase of approximately 12 per percent percent percent cent of the 1934 farm Income of or of or which was In A A A benefit pa payments ments Agric Agriculture officiate explained that only one fourth of the Increase in 1935 income was Wag contributed by payments made from processing taxes while white three-fourths three resulted from Crom greater reater cash income Crop yields per acre harvested were 25 per cent above those of last year Prices Price were about 13 percent per percent percent cent under those received for COI the short harvest est last year The differential dif dif- differential accounted Cor for the greater farm income Crop income increased approximately ly 12 per cent rent over last year ear while money received from Crom livestock livestock live Jive stock and livestock products rose per cent of the 1 1934 I figures