Show OUTLOOK FOR FA PRODUCTS PRICES DURING THE experts recommend planning production with view to prices farmers must plan their flon 0 on this year particularly in view of the outlook for prices of each product during the next marketing season and adjust expenditures carefully to maintain farm incomes says 0 the annual outlook for 1930 prepared by the bureau of agricultural economics in cooperation with represent i natives of the agricultural colleges and extension services of 45 states band and of the federal farm board tile the following is a summary r domestic market outlook fi tile the domestic macket may improve later in the year but it is unlikely that the demand for farm products in the summer and fall of 1930 will be as good as during last summer t and fall the demand for some farm products already have been affected by the decline in industrial activity since last june butter cotton and wool kvool have been noticeably affected if and apples potatoes and grains have failed thus far to make the usual seasonal price advances farm financing marketing credit the outlook for farm mortgage gage fi 1 dancing and for marketing clebit Is anole favorable than a year ago on tile the other land hand the outlook for production credit appears less sati satisfactory in most of the south A somewhat larger supply of labor for farm work will be available ably at slightly lower wages luring during the hist faist half of the year the general aiice pi ice level for faun faini machinery is expected to iemann about the same sam as during the last four years while is no evidence of an immediate change in prices for fertilizers wheat there is little in the wheat situation in the united states and other countries at plesent to indicate that p prices r c e s for the 1930 crop of the united states ta t c will be much different bioni S those 1 s e P prevailing lev ailing for the 1929 crop unless fall sown wheat suffers winter damage or the spring wheat acreage is led i deduced educed world stocks will vill be somewhat lower in july 1 1930 from a year ballier eai eal lier but the world acreage will probably not be materially changed and yields per acie are not likely to be as low as in 1929 when they wele below av orage hogs hog prices in 1930 are expected to average at least as high as in 1929 and possibly higher A reduction in slaughter supplies is indicated but this probably will be partially offset by a decrease in foreign and domestic demand for hog 1109 products beef cattle beef cattle raisers who contemplate expanding production are faced a general tendency to increase the number of cattle and with a downward trend in ill alices pi ices over tile next decade dairying the underlying dairy situation is not so bad as would appear from present butter prices but unless daily heids heads are c losely closely culled and more heifers heffers sent to slaughter there will be a further increase in the size of dairy herds in 1931 and 1932 sheep and wool the high point in the expansion of the sheep industry has been reached and it is unlikely that prices priced for sheep and lambs can be maintained at the high levels of the last three or four years some reduction in world wool production is expected by 1932 and it is likely that demand will have by that time horses and mules the decline in number of horses and mules will continue at about the same rate as in lecent years poultry and eg eggs s the present outlook for poultry and eggs does not justify any increase in production of chickens over 1929 either for eggs or meat unless producers are willing to face the prospect of reductions in price levels feed grains hays seed there is no material improvement in either domestic or export demand for fo oats in prospect whereas more active competition from larger sup of grains is provable probable prices are expected to continue lower than a year ago luring during the next three or four months A further increase in the acreage of timothy prairie and other grass hays are expected this year repetition of the large production of red clover and alsike alseike clover is not ex pecked maintenance of acreage of alfalfa for seed but curtailment of sweet clover for seed is suggested apples commercial production of apples is expected to continue to increase gradually over a period of several years and new plantings are justified where there are unusually favorable conditions for the production of high quality fruit potatoes potato growers report that they intend to plan an acreage 6 per cent larger than was planted last year c apparently forgetting the unprofitable season of 1928 the high potato prices being received now are not the result of a low acreage last season but are due almost entirely to adverse weather conditions last summer if the intentions for 1930 are carried out prospects are for lower potatoe prices after the first of july sugar the world sugar production probably will continue large and prices relatively lo loy low y but apparently the tendency to increase production has been checked and some slight improvement L L pro in prices is in prospect |