Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1951-11-15

1l4I4S
DEMAND FOR FARM PRODUCTS is expected to continue
strong 1852 employment and incomes rise, but record oeri
cultural production this and prospects OF continued high
output next weather permits, along with price controls
ndcoe that received BY formers not differ much
from 1851. These conclusions of USDA outlook experts
EXPECTED RISE IN EMPLOYMENT and consumer incomes
defense preparations expand the domnon focor With
higher foxes the gain dposobe income expected
quarter of 1851 yeor previous The smaller in
comes increased productive capacity lorge inventories record
form output and price controls credit restrictions and
higher pobobB will moderate the upward pressure
prices Outlook will change if international tension either
tghtens eases materially.
FARM INCOME MAY BE HIGHER next yeor. oreey due to
heovier orketine But form rates. interest and
prices for products bought by formers for in production
may olso rise ool form production costs may overoee obou
the record high of this yeor net income of
form operators may be about the some as in 1851.
RELATIONSHIP BETWEEN PRICES formers receive for things
they sell and of things they buy for production and foiy
living is still favorable according to the Federal Reserve Bonk
Of Minneapolis This Po roto based the l9lol4 period
representing co. 04 the the depression
period Of the 1906 ground So For the 1850 period
it averaged g.
LIVESTOCK TAX UNCERTAINTIES ore cleored up BY the
federal tax low Do stock breeding stock and dro
moIs to be classified copto assets Such onimos. when
section Of the tox form You therefore foxes Just holt
the profit from such soles.
OTHER TAX LAW CHANGES importont farm and ronch
nershps recognized and income from such operations
be divided between partners though they be-
long the fomy Sole purchase of form home be
honded seporotey from the land and need be paid
profit derived from the sale Of the home you purchase another
home Of equal higher value within II months When form
with growing Sold the entire sale counted
coPto asset.
THE HIGHER FEDERAL TAX effective of Nov l,
1851 as for as individuals concerned But they will be
effective for oil of 1882 Anything you do in line with
good management to honde repors soes and purchases
cordiney will be worthy Of serious consideration
PRICE TREND OF MOST SUPPLIES and services needed to
operate farms and ronches still uPword For this
will be we'll estimate your needs for the coming year and buy
eory Some items nnoy be and higher priced later
ANNUAL CROP SURVEYS ore now being mode BY P Greer
federal crop sotistco Helena you have received cord
through the mo your cooperation in filling and moIne
promptly will be helpful in making the survey occuote These
federo surveys provide the information which production
estimates bosed They useful in shaping federal form
programs guiding manufacturers equipment needs
The state and noono too that published enable Poduc-
themselves determine whether hold selond how
plan production proeroms
AVERAGE PRICES RECEIVED by Montana formers and onch-
points during the month ending Oct Is Higher
prices for most erais dairy and poultry products and few
miscellaneous crops responsible for the rise The mid
October index of prices received by formers 81 percent Of
the bose period compared with 81 for Sept Is 1851
ond 267 for Oct IS, 1850.