Show FARMERS DOLLAR BUYS MOST SINCE WORLD WAR WAB cash income from farm products and government payments to reach beach for past year shows gain of 10 percent over 1935 the buying power of the nef net income of farmers as a group is the highest in 17 years according to C W kitchen assistant chief bureau of agricultural economics though there have been years during that time when farm income was higher now mr kitchen said he explained that things farmers buy also were high 1 er so that the buying power of alln farm income was less than it is now mr kitchen pointed out how ever that all farmers are arc not e equally q bally fortunate drou droughts gats in 1934 and 1936 seriously reduced the limited resources of many farmers and in some cases wiped them out completely mr kitchen declared that the cash income from farm and government payments this year will total about which is a gain of about 10 per cent over 1935 and a gain of more than 80 per cent sincel since the low point of the depression in 1932 1 other economic galas gains there have been marked economic gains in other directions he said a reduction in farm I 1 mortgage debt with the lowest interest rates on long term loans in our history a rise of about 12 per cent in farm real estate values since the depression low fewer foreclosures fore closures and more volunta voluntary transfers of farm real estate thy the e value of all farm land and buildings has risen from less than 31 billions in 1933 to more than 34 billions this year good outlook the outlook for agriculture this next year is favorable mr kitchen said A 10 percent increase in industrial production is in prospect improved industrial conditions are reported from some of the important foreign countries which import farm products from the united states improvement here and abroad indicates an increased demand tor for farm products |