New Britain herald., 1929-12-07
OUTLOOK BRIGHTER.
 FOR FARM PEOPLE
Hyde Says Agriculture Shows
 Real Improvement

Washington, Dec. [ (Py-Bettcr times are in store for the farmer in the belief Of Secretary Hyde, who informed President Hoover today that such confidence was warranted by the better position of agriculture higher price levels for new crops and the operations of the Farm Board winch has Sl00 00.000.h00 available for farm market stabilization and i'm provcmcnt.
 Gross Income from agricultural production in the United States for the crop season 192S-29 was estimat- cd in Secretary Hyde's annual report as being S12,527, 100000 or about $22o, o,000,000 more than for the pre- ceding year. Net income for farmers did not increase because farm opcr- atlng costs. taxes and interest on debts advanced somewhat
 Return Above i Per Cent
 The return earned on the current valuation of agricultural property was A per cent. compared with $. l per cent for l922-23 and IA per cent in 1921-2@.
 The farmers friends for the year were cattle, hogs, lambs and chick ems, Higher prices for livestock in the seasons agricultural income. h. comes from grains, fruits and vegc- tables, on the other hand were small CT.
 But the American farmer is still far from being in a satisfactory fi- nancial condition in spite of inn provemcnt, Secretary Hyde said, AL though movement of the farm popu- lation from the country to the city has declined and the rate of deproci- alton of farm land values also has been lowered. much further i'm provement is still necessary.
 Since the war; Mr. Hyde said. agriculture has suffered grave disa- "bilities which farmers by their own efforts have not been able to re- move. In consequence they are still overburdened with debt"
 Outstanding among the agricultur- oi 1NSiltS ol lllb ItDOIl Sdlu. was the passage Of the law creating the Federal Farm Board. Outlining the legislation in brief Secretary Hyde said that it should strengthen the bargaining powers of the pro- ducers. increase efficiency of mar koting machinery. stabilize the sup ply by preventing surpluscs from being distributed at tho wrong time, seek new markets, help correct mal- adjustments in transportation condi- tions, and assist in minimizing un- desirable speculation in agricultural 
 Board Starts Program
 The farm board already has begun a desprcad movement to develop responsible cooperative marketing agencies through which it can land the S50O,0o0,o0O revolving fund which eventually will be placed at it's disposal. The bill carried an ap- of s15O.000,000 when passed to which will be added SG50,- O00.000 when needed
 Farm credits, which Secretary Hyde said remained costly in many parts of the country. are expected to be helped by the creation of the Farm Board. In addition 10 being able to make commodity loans to CO., operative associations the board is to lend to such agencies for the erection and improvement fla ciltes. This. the secretary said, meets a long felt need. He also ad- tocated the Improvements of existing credit institutions.
 Exports Show Increase
 Agricultural exports increased about per cent over the previous year. but made up only 33 per cent of the total exports of the country he smallest percentage with the ex- ;eption of 1917-1S, on record.
 Turning from exports to imports Secretary Hyde said that agriculture 1 ,an profit increasingly from tariff 1 protection. he added, and the con- ,ideration by congress of a bill pro- .iding substantial increases on duties of many agricultural products was as q "happy augury.'
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