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Farm Income Situation: November, 1966 (Classic Reprint): November, 1966 (Classic Reprint)

Farm Income Situation: November, 1966 (Classic Reprint): November, 1966 (Classic Reprint)

          
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About the Book

Excerpt from Farm Income Situation: November, 1966

Realized net farm income is up sharply this year, about $2 billion higher than the $111 2 billion in 1965, and the highest on record except for 19117. It may decline in 1967, by as much as 5 percent. Even so, the level of realized net farm income in prospect for 1967 would be well above the $lll.2 billion of 1965, and would be exceeded only by the near-record level this year and by 19h7 and 19118. Disposable personal income per capita of farm people may change little in 1967 from the record 1966 level.

The decline in realized net farm income forecast for next year reflects prospects for a further increase in farm production e enses and little change in gross farm income from the record high of about $494 billion now in prospect for this year. Cash receipts frcm farm marketings in 1967 are expected to show some rise with an increased volume of marketings more than offsetting slightly lower average farm prices for some major row crops. Direct Government payments to farmers will be smaller next year due mainly to the reduction of diversion payments under the 1967 Feed Grain Program. A prospective strong domestic and foreign demand for farm products next year will be a major factor in maintaining gross farm income at record levels.

The anticipated rise in farm production expenses next year is likely to approach the average annual increase of $900 million per year of the decade 1955-1965, but would be much smaller than the increase that is occurring this year. Total farm production expenses will probably reach a new record high. Prices paid by farmers are expected to continue their persistent uptrend of the past decade, and another substantial increase is in prospect for such overhead costs as interest, taxes, and depreciation charges.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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Product Details
  • ISBN-13: 9780364292594
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • Language: English
  • ISBN-10: 0364292598
  • Publisher Date: 05 Feb 2019
  • Binding: Paperback


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