OCR Text |
Show 'Better Prospect For Wheat I Farmers Cash income of wheat farmers of the United States from the 1934 crop will be greater than from the 1933 crop, even though drought made the 1934 crop one of the smallest smal-lest on record, the Agricultural Adjustment Ad-justment Administration estimates-Cash estimates-Cash income, without adjustment payments, is estimated at $230,000,- 0C0 for the 1934 crop, and adjust-j adjust-j ment payments covering this crop which total $101,000,000, will give wheat farmers' crop a total purchasing purchas-ing power of approximately $381,-000.000. $381,-000.000. This compares with a total income from last year's crop estimated esti-mated at $365,753,000, of which $267,-153,000 $267,-153,000 consisted of return from the sale of wheat and $98,600,000 adjustment adjust-ment payments. The $381,000,000 estimated to be the cash income of wheat farmers for 1934 is practically twice as much as farmers received in the depression depres-sion year of 1932 when the total cash income from wheat amounted to only $194,846,000. The increase in farm income this year is due partly to the increase in adjustments, but largely to the higher high-er prices which farmers receive for the grain they sell. These higher prices have been brought about primarily pri-marily by the reduction of the surplus sur-plus of wheat in this country. The estimate of cash income from the 1934 crop is based on the estimated esti-mated marketings of the crop and the average of farm prices for the first four months of the marketing year, from July to October. The estimates apply only to grain which farmers have sold or will sell, as allowance has been made for the wheat which has to be kept for seed, for heme use, and for livestock feeding. |