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Marketing and Transportation Situation: November 1973 (Classic Reprint): November 1973 (Classic Reprint)

Marketing and Transportation Situation: November 1973 (Classic Reprint): November 1973 (Classic Reprint)

          
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About the Book

Excerpt from Marketing and Transportation Situation: November 1973

Farm-retail price Spreads for foods from us. Farms are expected to widen in the fourth quarter of 1973 as marketing firms readjust their margins following the price freeze and pass through cost increases allowable under Phase IV. As a result, retail costs for market basket foods will not fully reflect the expected decreases in returns to farmers in the fourth quarter.

The retail cost of a market basket of foods produced on us. Farms averaged (annual rate) for the third quarter of 1973, up about 7 percent from the previous quarter, and 21 percent above a year earlier. Increases for meats, poultry, and eggs accounted for most of the rise although prices also rose for most other market basket foods.

Retail prices in August had made the largest advance since price controls were removed following World War II. Contributing to this record advance were tight food supplies, higher farm prices, rising consumer incomes and removal of price ceilings. Then in September, prices decreased for the first time this year.

Gross returns to farmers (farm value of quantities of farm commodities equivalent to retail units) for market basket foods averaged $761 in the third quarter this year, up 14 percent from the preceding quarter and 42 percent above a year earlier. Prices increased for most items over year-earlier levels, with prices for cattle, hogs, poultry, eggs, wheat, and oilseeds increasing the most. Most of the rise in the farm value of market basket foods occurred between July and August. In August the farm value was up 20 percent from July, then dropped 11 percent from August to September.

Farmers received an average of 47 cents of the dollar consumers spent for farm foods in the third quarter of this year compared with 44 cents in the previous quarter and 40 cents in the third quarter of last year. The farmer's share reached 51 cents in August then dipped to 46 in September.

The marketing spread - the difference between the retail cost and farm value - averaged $843 in the third quarter of this year, up 1 percent from the previous quarter and 7 percent above a year earlier. Spreads narrowed in August when farm prices rosefaster than retail prices, but they widened sharply in Increases were particularly sharp for beef, pork eggs, September when returns to farmers dropped. Bakery and cereal products, and fats and oil products.

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: 9780428575250
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • Language: English
  • ISBN-10: 0428575250
  • Publisher Date: 29 Dec 2018
  • Binding: Hardback


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