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Show Non-farincome a nings have primary source of personal income for Utahs farmers. m m ear-beco- In the past, asset appreearciation and nings were by far greater than earnings. The repor t said there fa little to suggest a reversal of that trend. In fact, given the slow down in asset appreciation, as well as the decline in farm non-far- m on-far- m . Approximately 29 percent of the farm families in the United States produce 80 percent of all marketed crop and livestock commodities and receive 94 percent of all net revenue generated at the production level. Over 40 percent of all farm families report annual losses from farm ing. There are all kinds of statistics on farming but the majority show that the big are getting bigger and the small are either getting smaller or selling out completely. Many farmers are not only faced with trying to make a living with a small farm and depressed prices but also have to pay more taxes on appreciated land. In a recent report received by the Roosevelt PCA office, there were several suggestions farmers on how they could better absorb annual operating losses. Some of these were to reduce capital possessions or to sell production and capital items. Another way was to draw upon cash reserves if there were any or even sell to-loc-al $ parts of appreciated farm assets, which is usually land. While these suggestions would attributable to lower farm receipts. More than half of those working off their own farms are working outsides of agricultural. As might be expected, farms in the lower sain claffifications tend to earn a high percentage of their income off the farm. However, farms in the highest sales class also earn a significant (20) portion of their income off the farm also. Farms in the 8100,000 to 8499,000 sales category earn the smallest percentage of their income off the farm. The Uintah Basin fa a livestock area and existing crop production patterns ana acreages support that contention. Since the 1940s there has been a shift toward more and more livestock, and livestock related crop enterprises. The report suggested that livestock producers, provide and the . some relief in past current economic picture of the farm, it would not take care of future expectations. The report finally suggested that farmers could take employment to cover losses. Approximately 70 percent of all farm families income. report This percentage had been rising since the end of off-far- m off-far- World War II. By 1974 the average amount of income reported was almost 814,000 per farm family. It is estioff-far- m that mated off-far- m income was almost 820,000 per farm family for 1980. While income off-far- contributed approximately twice the income that farm receipts did in 1974, the income off-far- m contri- bution has increased to nearly three times farm receipts at the present In part, this is due to an in . increase however a employment, significant portion fa also 2 orm three March and lamb prices tend to peak in June. Prices for hay show two major tops, one in November and December and the other in April or March, years. It pointed out th the sheep industry fa at a point, as con-- . tinued to decline and production costa have increased steadily and has the greatest potential for mass liquidation. The nominal value of both cattle and sheep increased substantially in the mid to late 1970s but the real value has remained virtually unchanged since 1960. Cattle prices correspond very closely to the ups and downs of the cattle cycle. On the .average, cow prices peak near March or April Prices of yearling cattle tend to peak near April or May. On the average calf prices reach their top in May. . Sheep prices also show very critical consumption has - some intra-season- al movement as Ewe prices are at their maximum in m IFF 1 $ Chestnuts, candy, mistletoes. Candy canes and big red bows: Childrens aglow: All of this are eyes fa all r important in maintaining the finanadal viability of the fanning sector. joys: Au of this fa Christmas. As baby Jesus, sleeping lay Upon the manager bed of hay- Christmas. - Remember Santas elves and shiny toys, Little girls and little boys Filling life with Christmas this on Christ- mas Day For that fa truly Christmas!! -- Elva me Ported has a good selection of Gilt X microwave Layaway your Tappan for Christmas. ovens, ft priced just for you.. No extra charge. From at the beautiful Tappan ovens. SDLVI (2i4uav Doyles Elodrlc 139 E. Lagoon ft ft ft Tappan Doyle can save yon money. Stop by and look i Ames Doyles Electric nursday, Friday add JCodyr-i- m $249.00 Everything in The Store) Saturday employprices, non-farment earnings are expected to become increasingly All of this is Christmas are in for some difficult financial times. It stated that a significant liquidation should take place in the beef industry within time. off-far- the next two v -7- 22-4711 MUNItl 71 . |