Show WALTER SHEAD Drop Seen in Farm Prices mail today from rural areas and small C CONGRESSIONAL towns of the country points to the drop in farm prices as the only break in the inflationary spiral Generally these letters letters letters let let- say that while the farmers are willing to take a cut from the abnormally high farm prices something should be done donel l to relieve them of the brunt of the entire price cut that cut that is the things the 7 farmer must buy should be cut proportionately Insofar as this reporter can find out however economists here do not nol look looIe for much of ot a letdown in prices for several months f 4 1 As for Cor farm prices themselves the consensus is that they will go down gradually until they reach the parity floor when the government gov gov- gov- gov will mil have to step into the picture and bc begin ln buying to maintain the 90 per cent of parity program pro ram Secretary of ot Agriculture Anderson has temporarily withdrawn from S the grain gram buying picture but he still has about million bushels of ot wheat to buy to meet the governments government's export commitments When he docs does step l k back into the grain market probably about April 1 he will be buying to support farm prices as well as to meet overseas commitments As it now looks the farm Income for 1948 likely will be some 16 per cent under the 1947 total or about equal to the 1946 income which was a record high until topped by 1947 1047 In the meantime not many farmers were hurt by the spectacular grain drop most of them having sold before the crash 4 J 4 J |