Show Farmers nom atone Has as Doubled 2 For the fourth successive wartime year the farmers' farmers gross gross' income in the nation last year hit new record levels According to the U. U S S. S bureau of agricultural economics gross farm income in In 1945 1945 reached the unprecedented total of Th That t was more than the total income in 1944 despite the fact that total production of crops and livestock last year c r was less than in 1944 The increased income therefore reflects higher prices paid to farmers for their products Since 1940 agricultural income has more than doubled although al although al- al though there have been fewer farmers to share that increased in income me Even when increased costs of production are deducted the thenet net farm fann income is still huge larger than eve ever r before and way above prewar net income Farmers as a group are in excellent financial position They have reduced their mortgage debt sharply during the war and statistics on rural war bond purchases and bank deposits prove they have large surpluses to their credit T This is a very encouraging picture on several co counts eats In the th first place it indicates a sound rural economy for the years immediately ahead which should have a beneficial stabilizing influence on the national economy in contrast to the disturbing disturbing disturb disturb- ing effect of the agricultural economic tailspin which followed th the last war Secondly high level farm buying power should help keep the nations nation's economic machine rolling along in in high tear sear once is completed Lastly high farm income sh should uld relieve pressure for further advances in farm fann prices which could have a serious inflationary effect There just isn't record any real justification for tor further broad load increases the In-the prices of agricultural commodities at this tim time An American loan to Great Britain will help to stabilize the worlds world's economy and open up certain trade advantages to the U United States particularly in the British empire that weve we've never lead had before Representative Representative John J J. J Sparkman of Alabama J |