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Show On the Farm Front 8B THURSDAY, APRIL 30, 1964 Utah County, Utah Daily Herald Payments to Farmers Due to Set New Record By BERNARD BRENNER United Press International WASHINGTON (UPI) — The Johnson Administration’s new wheat and cotton programswill help push direct federal payments to farmers up to a new all-time record this year. The Agriculture Department rect payments were equal to nearly 10 per cent of total cash receipts. Government payments to farmers this year will include acreage diversion checks to wheat growers and price support payments to some cotton growers. estimated ‘today that direct fedThe largest single group of eral payments’ to farmers in payments, however, will be 1964 may be about $2.1 billion. made under the feed grain proThis would be a newrecord, up|gram. Farmers who take part RICH BOURBON prospects for the year had been er, because receipts from farm improved by passage of the ad- marketings are expected to deministration cotton and wheat cline slightly from 1963. bill. But it said that net farm The report added that farm income for 1964 may still drop production costs will continue to below the 1963 level of $12.3 rise this year, an increase of billion. about half a billion dollars, Before passage of the new pushing total costs to about $29.3 billion. law, Agriculture Department economists had been estimated Agriculture Department econthat net income this year would omists also predicted that the drop at least 5 per cent, a de- long-term decline in the numcline of $600 million or more.|ber of farms will continue this 25 per cent from 1963. in this voluntary acreage con-|The governmentexperts do not|year. As a result, net income some earlier years in comparison with total farm receipts. The payments for 1964 may equal about 5 per cent of the estimated amount farmers will get from sales of crops andlivestock. In 1939, an Agriculture Department economist says, di- in acreage-diversion and price support payments. The Agriculture Department’s estimate of 1964 federal payments to farmers was made in a report on the farm income situation. The report said farm income The payments would, howev-|trol program for the 1964 crop|0ffer any precise new estimate.|per farm in 1964 is expected to er, be far below the levels of|will collect more than $1 billion|But they say the decline from|be about the same as the rec1963 net income is likely to be less than 5 per cent. The report said gross farm income this year may equal or top the 1963 record high figure of $41.1 billion. The increase will be due to the upturn in government payments, howev- ord-high figure for 1963—an average of $3,430 per farm. 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