OCR Text |
Show DAIRY PRODUCTS ACCOUNT FOR ONE-QUARTER OF FARM INCOME Last year the farm value of dairy products amounted to approximately three billion dollars, according to figures fig-ures compiled by the United States Department of Agriculture. "Many people fall to realize the size and importance of this Industry," says O. E. Reed, chief of the Bureau of Dairy Industry. "It may help some to a dearer realization of the dairying dairy-ing business to learn that this three billion dollars amounts to 2(5 per cent or a little more than n quarter of the total value of all agricultural produce. The dairy cow counts for about one dollar as against three by all the other animals and crois in the country." coun-try." "This development," Doctor Reed says, "has been accompanied by an ever Increasing appreciation by the public of the value of milk and dairy products In the diet and their relation to the health and general welfare of the people." In the relative staMllty of the dairy Industry. Doctor Reed finds an obvious ob-vious explanation of the increasing number of Investors who are keenly interested In the Industry. 'The stu-blllty stu-blllty of dairying," ho says, "bus resulted re-sulted In large investments of capital, not. only on farms but in manufacturing, manufactur-ing, processing. and distribution plants."' It would be unfortunate, however. Doctor Reed points our. If the present favorable position of the dairy Industry Indus-try shonld lead many producers to expand their business or If it should Induce many men not now In the business busi-ness to enter the field. In recent years the domestic production of all dairy products has amounted to nlout 90 per cent, of the demand, a close margin. |