OCR Text |
Show (National Bureau (issues '49 Reports Cn Farm Prices ! j ." . 1 1 - -: v . n f o r : y - c : : e has begun ! ;::e averu-re p.-icts o; uinu pro- I . , ; t.L.'.j acuc t.i'j i.i:i:e a.s at the : c.f 1'jiO, U;: vuh tf:-:er pros- ;.t.:'.j zor i-.;:;:e UuvaiKo us con-; con-; ::i:o:::.j hiuivae, ihs Bur- i luj oi A;:r:;:ih;:;;:l Ejo::oiici re-ii.o::.-,. Gi-cuIc-jl s'l.'iiui'os is the in-cred in-cred i::tiUiir:ai aciiviry as pro-d'lL'ti'ja pro-d'lL'ti'ja iur national del cr.se expands. The supply of feed grains foi j grain for animals oil farms is about 5 percent larger this year ' I than last, lire supply of by-pro-! duct feeds alio is larger this sea-ion. sea-ion. Year-end reports indicated more cattle and lambs on feed this winter than last, but a sharp reduction in the number of hogs as indicated by the December pig report of the Agricultural Mar-' Mar-' keting service. Hog marketings are declining, and prices are going up. A favorable hog-feed price ration this year forecasts an in-1 crease in the 1942 spring crop. j Milk production has been set- j ting new high records for this time of year. Production usually declines in February, but then builds up to annual peak in June. Production for the full year 1941 may be the largest on rec- ord, considering the large number num-ber of cos on farms, and the increasing in-creasing consumer demand for dairy products. The income of dairymen in 1941 may be the highest high-est in a decade. Costs of farm production also ui I are expected to go up. Farm in-a in-a come will be higher this year than j last, but higher costs will offset ' part of the gain, the bureau states, the farmer to prices paid is about e The ration of prices received by 17 percent below the pre-world War base of 100. Year end reports I indicate that total supplies of food ; are adequate for civilian and mili-. mili-. tary needs during the coming year. Acreage allotments under government gov-ernment programs are practically the same this year as last, with guarantees of conservation payments pay-ments to participating producers Good yields ill imHn,,hf.ji.. ; Good yields ill undoubtedly increase in-crease the supplies of products stored against future needs. The United States supply 0f heat for 1940-41 has been increased in-creased to 1.1 million bushels. Car- I ZVZ n July 1 nex may be 400 million bushels, the largest on government record. Posibility is that the supply of wheat for 1941-42 1941-42 will be slightly larger than during dur-ing the current season |