Show Farm Sales Up Income Down l Farmers like other businessmen business business- men men In recent years yeara have Increased In In- creased their gross sales but have de de- received less net Income Glared County Agent Ray Thatch er err referring to a report by Lloyd LloydA A A. A Clement Extension economist with Utah State University The Utah farmers have increased in creased gross income per farm since 1953 1853 by 12 per cent but their net income has declined more than 8 per cent Clement states Gross income per farmIn farm farmin in 1953 was and production expenses were Net income equalled 2248 By Dy 1960 gross Income income income in in- come was up to per farm but expenses had Jumped to 5 5 leaving a net of ot only 2075 per farm Farmers have sought to improve improve im prove their situation says Clem Clera ent eat b by shifting the inputs or mix of production resources They have substituted machinery for labor In 1940 Us U.s. farmers spent on or machinery and buildings for each dollar spent on hired help By 1960 they were spending on these Items for tor each dollar spent for tor hired la la- bor Another effort to boost efficiency cy is reflected in the amounts spent for tor fertilizer and lime By Dy 1960 1660 uS u.S. farmers were spending 48 times time more for tor the these e Items Hems t than an was spent Vent In 1940 This means means a great Increase In quan since prices for tor fertilizer and nd lime Ume have Increased only 50 per percent cent fent |