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Show Average Farm Family Sees Income Recede Buying Power Higher Now Than Year Ago What, if anything, is happening to the average U. S. farmer with regard re-gard to the money he gets for what he raises, and does he have anything to worry about? Although there has been a moderate mod-erate drop in income of farmers the average family has more pup chasing power today than it had a run una msEm titua iiw ' Fafm Income ' Living Coin) WW ' ' Nolionol Avorog Incemt WW (IHVtSTOIS SIHOKAlt, MIHVfAfOLIi year ago, a reliable monthly survey sur-vey of "real income" reveals. "Real income" is the relationship of revenue rev-enue to living costs. The national figures indicate that the average home has 2 per cent more buying power than last year. Wage-earners, salaried people and those with investment income are equally well off, while the farmer is now about 3 per cent below his status of a year ago. It should be remembered, however, how-ever, that such status a year ago was at a then all-time high. Besides the recent drop in farm prices, the survey said, it is expected ex-pected that there may be further tapering off during the next six months, but farm income will continue con-tinue at a high level. In the same way, although surpluses are beginning begin-ning to appear in the clothing industry, in-dustry, there are no signs yet that sharp price breaks are likely. |