| Show WALTER SHEAD drop seen in farm prices f GRESSIONAL congressional ON mail today from rural areas and small C v towns of the country points to the drop in farm prices price s as the only break in the inflationary spiral generally these letters say that while the farmers are willing to take a cut from the abnormally high farm prices something should be done to relieve them of of the brunt of 0 the entire price cut that is the things tha th f farmer armer must buy should be cut proportionately insofar as this reporter can find out however economists here do not no look for or much ot of a letdown in fa prices for several months As for farm prices themselves the consensus Is that they will go co down gradually until they reach the parity floor when the government will have to io step into the picture and begin buying to maintain m the DO per cent of parity program secretary ot of agriculture anderson has temporarily withdraw withdrawn wn from the grain buying picture but he still has about million bushels of wheat to buy to meet the governments export commitments when he does step back into the tha grain market probably about april 1 he will be bo buying to support farm prices as well as to meet overseas commitments As it now looks the farm income for 1848 1948 no likely y will be some 18 16 per cent under the 1847 1947 total or about equal to the 1940 income which was a record high until topped by 1947 in the meantime not many farmers were hurt by the spectacular grain drop most of them having sold before the tha crash |
