Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1937-09-24
DEPENDENCE ON AGRICULTURE

DEPENDENCE ON AGRICULTURE
Even as agriculture dependent industry absorb the
products the urban United States vitality depend
farming America provide gigantic market for the
products of it's from pins to motor
a result it important to industry and finance to
agricultural America itself to have reasonably accurate idea
in the immediate future will be- what change
if occurred farm operating costs that would affect
ncome what farming states will be the most and
constitute largest most profitable market for manufac
goods Business Week has recently made highly
elusive report The Farm Market Todayand Tomorrow
This will be the best agricultural from the point of view
gross since booming 1929 This does not that the
agricultural situation vastly improved in every
crops will command lower and in states improvement
has been relatively slight But looking at agriculture whole
years.
crop livestock marketing
is estimated at 900 for the period from August to
uary 1885, compared with 900 period
year gain of about per cent This figure does
cude Federal benefits which will be approximately
the farmers total cash income and will probably almost
$2O0OOO0O against $138 100000 the comparable period
1885, Consequently total gross farm cash income will be
from S. 100000 in the six-months period.
Other factors beside higher will beneficial in
uence agricultural purchasing The mortgage
debt is about and threequaers billions less than was
1929 Interest rates have registered decline and the carrying
charge this debt about $4OOOOOO against
900 in 1929 The 1887 farm bill will be than $15OOOO
900 under 1929 and farm though they have shown 20
cent rise in the past and half onehd less than
1929
Taking all advantages into consideration the
the farmers will have spend this year may 100000
purchasing of the dollar still materially greater than
Farm income obviously is not divided evenly per capita
basis the farm states For example, taking the attest avail
able figures California with less than per cent of the coun
farm population last received 58 cent of the farm
come Iowa with of the farm population received TAB
cent of farm income By comparison Alabama
40 per cent of the farm population only per
the farm ncoe and West Virginia. with LIT per the
population, got less than per cent of the farm income
Increases in agricultural income for this will likewise
widely the states Greatest ncreasn II
be found in the Middle Western states such the
Daotas These severely
hit by drought AS result gains of several hundred per cent
registered nasnuh they produced relatively
nothing during some of last years crop seasons
the Western and Southwestern states the
Atlantic Seaboad states and part of the Northeastern group
farm income expected show of from per to 10
cent In Western California, Western Oregon and Western Wash
ngon parts of few other states and almost the entire South inn
provement will from cent to cent In small
of states there will be declines in farm income of from
per cent to 10 per cent.
Thus the future of agriculture bright Even the next
Congress there will be flood of legislation designed
and of Business Week fore
that punitive control legislation will probably become
and there always the chance that inclusive
normal granary plan will be put into effect Secretary Wallace
strongly favors this scheme