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Show Dairy Business Is A $10-- $ 12 Billion Industry -- Tko jialrv inniicfrv ta a tin.! come for food in billion annual business, The higher price for milk during 1967 pushed dairy farm income to a record level of $5.8 billion with the balance going to processors and suppliers. It is estimated that by 1900 the U.S. will have only 200,000 dairy farms, providing suffi cient milk for the population of that day through larger 0 herds cows) and con tinued increased production per cow and efficiency on the farm, The cow population in 1968, estimated at 13.1 million, con tinued to decline However, the quantity of milk produced per cow was at an high of 9,020 pounds for a 1968 estimated total of 118.0 billion pounds. This is down slightly from the 1967 total of 119.6 billion pounds produced by 13.5 mil iion cows averaging 8,821 pounds per year, The number of cows in the nation's dairy herds reached a peak of 25.6 million head during World War II. Since then, cow numbers have been declining steadily, totaling 17.5 million head in 1960. The small decline in output in 1968 suggests that milk production may be leveling off following several succes sive years of decreased production. It is anticipated that the average production per cow in large herds within the next 10 years will range from $12 1950, 22.2 percent; and in 1967, only 17.7 percent If U.S. consumers in 1967 had paid for food the same proportion of income as in 1960, they would have had 811 billion less to spend on other things. Fresh milk ranked seventh! in store sales in 1967 for the third straight year, according to the 21st Annual Consumer Expenditures Study. Fresh milk alone was 2.8 percent higher than in 1966 and no- counted for about 3.20 per- cent of store volume. The 1967 sales of all wo-- ! ducts sold through supermar-- j I kets and grocery stores increased just 2.1 percent, the smallest gain in the last 10 years. Frozen foods, which include ice cream, were up 4.71 percent and dairy products were up 7.31 percent Frozen foods accounted for 5.8 percent of the 1967 gain; milk, butter, and cream for 2.9 lar percent of sales. In dol- volume, perishables meat, produce, dairy reflect the change in consumer buying habits. From a $20 bill, the average shopper in 1967 spent $9.80 on perishables ($1.46 for dairy products), $7.95 on groceries and $2.25 on non-food- s. (60-10- all-ti- 15,000-20,00- 0 Lewiston Slate Bank, like the Producer's Milking Parlor and Cow Herd, is an essential part the Successful of Dairy Bus- iness in Cache Valley. We have been financing Dairymen for 65 years. We have grown together with dairying and are proud of the part we have played in pounds. During the last two decades, population has consistently increased more rapidly than milk production. As a result, the quantity of milk produced for each resident has declined sharply from 769 pounds in 1950 to 600 pounds in 1967. Since 1919, the average price of milk per quart (delivered) has nearly doubled from 15.5 cents to 30.6 cents while the average wages have risen 542 percent-abo- ut eight times as much as the food costs. The total cost of a basic food marketbasket of a dozen items has risen only 68 percent in the last 50 years or an average of only 1.36 percent per year. In 1919, the average hourly wage for a factory worker was 47 cents. That worked out to $4.70 for a day of work. Today, this same factory worker earns an average of more than $3 an hour or about $25 for a shorter work day. In 1919, you could buy three quarts of milk with 60 minutes of work; today, it's up to 9.9 quarts. You can buy three times as much cheese today and more than four times as much butter or ba- this growth. ENJOY THE DELICIOUS AND NUTRITIOUS DAIRY OFTEN PRODUCTS . . . These Locally Produced, Locally Processed Foods are at Your Favorite Market . . . Have Some Today. con. In 1960, consumers spent 20 percent of their disposable in- - - LIVING IS EASY Continued from Page 4 Place p. peart" naif, cut side up, on lettuce leaves; place Vt cup cottage cheese in center. Sprinkle with cinnamon and garnish with lemon wedge. Squeeze the lemon over the salad to give it a fresh, tangy flavor. LEWISTON STATE BANK LEWISTON, UTAH PHONE 248 - 2456 |