Show Utah Economist Analyzes Economic Factors I Analysis of the economic factors affecting ling agriculture indicates th that t farmers of Utah can as a whole look for markets continuing continuing continuing ing to slightly better levels for the next few months mouths according to Cruz extension economist of the Utah St State te Agricultural college college- 1 This general conclusion derives dehe es mainly out mainly out of two of-two two facts facts- one t the trend of ot consumers purchasing power is slightly upward and seems I to be well supported at its present I level The second is that the reduction reduction tion lion of crop due I j I to the depression and the drought I has brought market supplies of man many 1 I commodities so near to consumption that some Bome prices haves have s risen and others are expected to o rise There are the conditions condition under un nn- inder in- in der which we will approach the first half of 1935 I rite Tho outlook for the second half of 1935 being fart farther er removed from us' us us I In point of ot time is less predictable ble i As regards markets economic factors factor factors fac fac- tors tor tors indicate at least no unu marker kec r r- r r cession from levels Pric Prices n may ay be somewhat lower Jower If the i iO j- 9 crop yields ields are nc normal mal to above abo but bat h this thin lower loor price combined t wi i r r I ci t J farm faim income I n No great expansion of or consumer consume purchasing pv p and incomes can be expected ns os i lung ng n as unemployment I at its Ir present high level Activity in U ue durable goods industries and building con ron construction continues low Neither of these adverse factors can be ed cd to Improve materially this winter Because general economic conditions conditions condi- condi are expected to hold gains and because of supply of early winter moisture Utah farmers can look on 1935 with witha a much brighter face than they had hada a year ago ngo Of or course tho the effect of the drought will linger with those f farmers hardest hit until feed reed quantitIes quantities quantities quan quan- and herd numbers are ed But Dut those farmers fortunate enough to have ha near normal crops and undiminished herds will feel the better price relationship much soon Soon- er ere The Agricultural Adjustment Administration Administration Ad Ad- ministration is directly responsible through Its control program and benefit payments for far a better outlook outlook outlook out out- look for sugar beets hogs and wheat The severe drought condit condi- condi t f- f fn n Of 1934 are primarily responsible responsible sible for COr the better market outlook for tor daIr dairy products cattle an and sheep continued on last page |