Holmes County herald. (Lexington, Miss.) 1959-current, 1963-01-17

1900 OClllOOh do ~ No~AS
experts at the 10th annual out
look conference in November:
u. S. Market-up about IN
line with population growth.
Analysis of the general econ
omy points to modest gains IN
business activity in 1868. rms
means a further rise III con-
sumner income, though lie
than this year.
Exports-to hold at about
record 1961-'62 level IN tlscal
1868. Increased exports are
likely for SoybeanS and tood
fats and oils. Some shppage
is in prospect for wheat ana
feed grains, mainly because Oh
improved supply conditions
abroad and slower rate OF
economic growth in major I'M
porting nations. Shipments I'M
der export programs VIII con-
tinue high.
Farm Production - heid d
bout level in the last thr'ee
wears: likely to be as large
or a little larger in 1868 WIN
normal weather. Cattle slaugn-
ter in 1868 may rise as mucn
as three per cent above 1907
Numbers on farms continue
to increase. Favorable red,
ton between hog and corn
prices is encouraging increas-
ed hog production. This tall
mig crop Ito be marketed next
spring) is expected to be TWO
TO three per cent larger than
a year earlier; spring clO .I
may be UP slightly mo olts
Poultry production, down 'ilno
year will show sizeable IN
crease. Egg production was was
IN in 1862 and probably will
rise a little in 1868. Milk pro
auction may set a new mgn,
though percentage increase
will be small.
Stocks down, in total;
Feed grain carryover at emo
of current season may tau do
much as the IA million coll
drop of past season. Feed use
Lii rise as livestock produc-
ton goes up, and hvestoch
riom price ratios con-
tinue favorable. ,o,.,,o
Wheat stocks may oecLllie
as much as 100 million BUSHES BUSHES
&c domestic use and exports
"To exnected to exceed 1907
, a. which was reduc-
ed by the special Whea' pl0
gram.
In contrast to trend in grains
cotton stocks are likely W IlS oe
further in 1962-'63. lncredSe
also is expected for DAIRY pro-
ducts. oor,vover
stocks will cut storage anu
interest cost to goVerniIll11eeldi;i'
CCC investment in commou ,n
ties acquired under price sup
mort programs is expected W
bo reduced again. But drop od -
1iko1v to be smaller than S50o
I IIHT reduction of '61-'62.
Prices Received = sllg 3la,
lower on the average, tndl
IN 1862 Lower prices to farm
nr or for livestock and producIS
are expected because OF ~ III,
oreased marketings. Not much
change is likely for crGp :ah+1v
Prices p al - slls NY
higher. Price gains Tor pr
d1iction items plus conunud a.
ION of steady rise in interest
c Clodl taxes and deprecia-
ton will boost total produc-
ton expenses Of farmers
bove 1862.
Income gro S S income
o,;nhtIW shove 1862; net in
come Come about the same. Re-
ceipts from sales of farm pIo+
dI,cts in 1868 will total about
the same as this year WIN
changes for most commoolueS
1iLa1v to be small. Increased
sales of livestock products at
lower prices mean only s >, ~.
gain in returns. Little cnang sc
in cash receipts from crops
&c foreseen. Government pay
ments probably will again oe
IN in 1868. Rising producllo1Iil
costs will absorb the small
rise in gross income, leaving
net realized by farm operaseS5,
ors at about the 1861 ana ,o 90
levels of S12.8 billion. 1868 .,
net will be divided a nom.
fewer farm people ana Ie"e 81
farms. Per capita income of
farm people, around a tm 7 %, ol
which comes from oft-1arnl
sources, is expected to SET d
record. Nevertheless, II VIII
remain about 40 per cent pc
low per capita income OF non
farm people.
TITCHVh1HTS