OCR Text |
Show This Year's Farm $Qimiz k Lcwer Bracket Than Last Year, Study Skws The Utah Economic and Business Busi-ness Review, published jointly by the Bureau of Economic and Business Research, and the College Col-lege of Business at the University Univer-sity of Utah, places the state's farm revenue in a lower bracket than in 1948. Discussing the months of October Oc-tober and November, 1949, the usually accurate business x e-search e-search publication reports that Utah farmers received approximately approxi-mately $13,300,000 from farm marketing in October 1949. However, tabulations show this to be 21 per cent below October Oc-tober 1948. Between January and October 1949, farmers received re-ceived $113,000,000 for their lo-bors, lo-bors, a 10 per cent drop below the receipts for a corresponding span a year ago. s 111 Most of the decrease, the Economic Eco-nomic and Business Review points out, is accounted for by lower prices rather than a change in quantities marketed. Percentage decreases were greater great-er in Utah than in the nation as a whole due to relative greater great-er dependence on livestock and ; livestock products where the greatest price decreases have been' generally noted. Nationally the parity ratio (ratio of index of prices received re-ceived by farmers to prices paid, taxes and interest) dropped drop-ped to 100 on November 15, for the first time in eight years, or since November 1941. i i 1 According to the research publication, this is another way of stating that for the first time since the beginning of World War II the general level of prices paid by and received by farmers have the same relationship relation-ship to those which prevailed in 1910-14. Actually these prices in November were 40 per cent above prevailing prices before World War I. Continuing, the Economic and Business Review cites a decline from October to November in prices received by Utah farmers. Increases were noticeable only in feed grainy and hay, wholesale whole-sale milk and apples. By comparison with one year ago prices were lower for all major agricultural commodities. |