Show T lont A IWO m IF OR 1 agriculture aa vv 1 sk r general price level ja during the course of the tive revival it may be expected blat the general generi tl level levei oi of wholesale esala commodity prices will show somo some rp recovery coy from the present low levels but it Is not likely that the commodity price level will return in the a next axt few years to that of 1929 in the general advance advanced in ieli commodity prices that may bebej be expected fad to lo accompany the prospective revival relva fiu in business during the 1931 32 seabon beacon would not be fully sustained ned during 1033 and 1934 and the next busaid business 1 ess recession I 1 Is 8 likely to be accompanied by another period of reduced 1 agricultural prices it the downward trend irea d in the general commodity pice leyel continues in iii the next business do depression agricultural arico prices anay aay milk to a level still lower than jias has been reached in the current depression since the war there has been uncertainty us fis to the trend or the future of the general price le velU ot of the past pasi felmly feW yeara and I 1 especially of the past eighteen months tend to support the bellet belief that iffat lilie tha trend of the gen general oral price levoria i do downward from 1925 to 1929 deel trie of the past eig eighteen lateen iao effis has carried the general price div hewl el below thelow the low PO point int reach rea chedi iaIn ln VW lilt M while of the recent ce aufidio 14 obviously duoto the d de edew plon it appears thai that prices hava fal al len farther than can be explained by the business depression aone alone J yv apparently cb changes anges in norl A monetary and credit being reflected in the genera general 4 woo prie level during durin C tle past fawn xea yesav a oe v eral countries have shifted tron an inflated currency to a previous gold basis basing or adopted other financial jbv ab cles that have contributed co wide contraction in currency bifid and credit available tor for trade ai there seems to be little pro prospect ola g change cha ngoan la these policies which would 4 have thi the effect of revers reversing ing th therond trond in the eral price nw hair future agricultural credit the credit outlook tor for tari n the western states appear ss to be slightly less favorable t than han a ago ji the reduction inthe in aba current birr e U t liw U Y b i of income into agricultural peg as aa a result of tho the low level of farci commodity prices will probably 1 Ide increase rease the demand of farmers armors for 60 credit and at the same time lower the security offered by the borrowers borrow eis ahta will result in greater caution on tild pr part i of the I 1 lenders en d ers Ijo however wever the advance of marketing asso associations clat lofti through their finance corporations corporation hi it part parl to offset offset the unfavorable credit situation arising from lower ower pr I 1 cwb f farm products already ao loana ns howo havo been een mado made available for certain fiert farm enterprises at lower rates of of interest and these rat rates so nia may 49 be re reflected in ii other kinds of loans the supply ot of credit tor for marketing ot of the 1931 crops may he be expected to bo be ample the Inte interest iest rates on tills this type of credit however will probably be somewhat hugher ilg hero alt though still at favorable levels compared with previous years r s in spite of the abundance of bant baar aitt in ill the centers of utah and urge large cities chies loans for abr agricultural p loees may 1 to obtain obiah n tor for the coming r this condition has been brou atou about by tho the at I 1 bally few prices tor for agricultural acl r foe uie ther postseason past season which anirae tf L difficult for farmers to loana to any ax ont this 6 C me ine lutc ly TC i 11 T OatlY 4 Y tar ar q equity vhf f t hla ability to artty because of 0 this is r ible carcia and uncertain ity farm era as who will wil be dependent upon b banac a loans loana 1931 and who havo not ill I 1 already MA maye e 1 financial ar jang emente should aCon anbult suK their bankers 0 J t as po goon as possible farm opera oper 2 on 0 s some na inay be a t restricted at due to lack of credit sinew since the a amount oi 01 ol int of he farmer will ire able bl to during i IQ lajia needed 46 or r productive ro duc tive P puri uret tosea beg it Is fis evident that thai the ibe usual of money borrowed for or bi family rully livi lajla will be y rouck to jnet jn et this condit condition loii it ia highly important I 1 m po ta t that the farmers iti viah the family to a gre greater extent tha ordinarily with arden truck fruit rabat cat dairy and ana apoi attry pio duCis and jaher cef food 3 that can bee cono on on tho the sv nsf farm M M F |