Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-07
HYDE SEES BETTER
DAYS FOR FARMER
Price Levels Higher and
$3.50, 600, 900 Available for
Sterilization, He Says.
BY the Associated Press.

BY the Associated Press.
Better times are in store for the
former in the belief of Secretary Hyde,
who informed President Hoover today
that such confidence was warratned by
the better position of agriculture. higher
price levels for new crops and the oper-
atoms of the Farm Board. which has
Sl50,000, 900 available for farm market
sterilization and improvement.
Gross income from agricultural pro-
duction in the United States for the
crop season 1928-29 was estimated in
Secretary Hyde's annual report as being
S12.527. 100000 or about S225, 900, 900
more than for the preceding year. Net
incomes for farmers did not increase
because farm operating costs. taxes and
interest on debts advanced somewhat.
The return earned on the current
valuation of agricultural property was
~ per cent. compared with 81 per
cent for 1929 and IA per cent in
1922.
The farmers friends for the year
were cattle, hogs, lambs and chickens.
Higher prices for live stock and live
stock products were the principal causes
of the improvement in the seasons ag-
ricultural income. Incomes from grains,
fruits and vegetables, on the other
hand, were smaller.
Far From Satisfactory.
But the American farmer is still far
from being in a satisfactory financial
condition in spite of improvement, Sec
rotary Hyde said. Although movement
of the farm population from the coun-
try to the city had declined and the
rate OF depreciation of farm land values
also has been lowered much further i'm
provement is still necessary.
Since the war, Mr.. Hyde said, ag-
riculture has suffered grave disabilities
which farmers by their own efforts have
not been able to remove. In consequence
they are still overburdened with debt.
Outstanding among the agricultural
events Of 1929, the report said, 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 producers, increase efficiency of
marketing machinery, stabilize the sup
ply by preventing SURPRISES from being
distributed at the wrong time, seek new
markets, help correct Embellishments
In transportation conditions and assist
In minimizing undesirable speculation
IN agricultural commodities.
The Farm Board already has began a
widespread movement to develop reSpon-
sible cooperative marketing agencies
through winch 1t can lend the $780,
000,00 revolving fund which eventually
will be placed at its disposal. The bill
carried an appropriation of $3.50, 0OO, 900
when passed, to which will be added
$3.50 100000 when needed.
Help to Farm Credits.
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 to being able to make COM
modify loans to cooperative asSoci-
atoms the board is empowered to lend
to such agencies for the erection and
Improvement of facilities. This, the
Secretary said, meets a long-felt need.
He also advocated the improvement OIL
existing credit institutions.
Agricultural exports increased about
2 per cent over the previous year, but
made up only 80 per cent of the total
exports Of the country, the smallest
percentage with the exception of 1917
ID. on record.
Turning from exports to imports Sec
rotary Hyde said that agriculture was
by no means on world market basis
exclusively, but is well placed to share
the benefits OF a protective tariff sys-
tenn. 10 --..f