| OCR Text |
Show INDEX HIGH, TOO Gain Shown in Farm Income WASHINGTON. Farm income during the first six months of 1947 was 30 per cent higher than that of the corresponding period last year, it was revealed in the agriculture department's monthly review of farm income. Farmers netted $11,700,000,000 from the sale of their products during dur-ing that period, with the total increased to about 12 billion dollars through government payments, the report showed. Largest increase was 70 per cent registered in sale of meat animals Cash receipts from dairy products were up 30 per cent from the corresponding cor-responding period last year. Cash receipts from crops were around $3,800,000,000 in the first half, or 20 per cent above the corresponding cor-responding period last year. Most of this increase was in grains and tobacco. Preliminary estimates for June show that farmers received about two billion dollars from marketings, an increase of 30 per cent from June, 1946 Receipts from livestock and their products were up about 50 per cent on the same basis of comparison. compari-son. "Demand for meat for domestic consumption and for export continues con-tinues unusually strong." the agriculture agri-culture department's statement I said. "Meat animal prices in mid-I mid-I June were about 50 per cent higher j on the average than a year before." The declining wheat prices are expected to continue into August or September. "Because of the very large export demand, however, the price decline will be less than is usual when a very large crop is marketed." Prices paid by farmers for their needs in June averaged 230 per cent of the 1910-14 average. Prices paid for feed advanced to the highest level since last August. In general, the statement concluded, conclud-ed, the index of prices paid b farmers is expected to continue ai high levels in th next few months |
