Cedar Rapids Gazette, August 6, 1974, Page 24

Cedar Rapids Gazette

August 06, 1974

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Issue date: Tuesday, August 6, 1974

Pages available: 48

Previous edition: Monday, August 5, 1974

Next edition: Wednesday, August 7, 1974

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Cedar Rapids Gazette (Newspaper) - August 6, 1974, Cedar Rapids, Iowa 12 The Cedar Rapids Gazette: Tues., Auk. ti. 1374 Super Farms Produce Half of Food *•<Jfg* '*r»«**    *V*    X-ty    J*#**'.    /ti*** r'N v ^ Bv Don Kendall WASHINGTON (AP) -New government figures show that 109 0(H) super farms with sales of $100 (MHI or more each turned out nearly (trio half of the nation's food and fiber Iasi year. At the same time, small farms with sales of only $2,500 or less produced a declining share of U.S. farm goods. Production from those, often described by agricultural economists as rural residences rather than farms, accounted for only I percent of 1971 output. The new figures were included in an annual farm income review published last week by the agriculture department Over-all, it said soaring prices for grain, livestock and other commodities pushed net farm income to $32.2 billion last year. an Kl percent gain from 1972 Exceeded I rhan Also, tin' report showed, the per capita disposable personal income of farmers in 1973 — from all sources including jobs in cities — exceeded for the first time the average take-home pay of city and other nonfarm people. It rose to $4,821) on a farm per capita basis, compared w ith $3,153 in 1972. Per capita disposable income of nonfarm people rose to $4,271) last year, a gain of $394 compared with the boost of $1.(5B7 for farmers Tradi tionally. farm disposable income has lagged far behind that for urban residents Last year it topped nonfarm per capita income bv 12.9 percent The figures showing sales values indicated that many farmers advanced into higher brackets, partly because 1973 was a top vear for most production but mainly because prices averaged 37 percent higher than in 1972. At the top of the scale were the 109.(HK) super farms which sold commodities worth $1 OO. DOO or more last year. Those rose sharply from 70.000 farms in that category in 1972 The figures showed the super farms accounted for 45 7 percent of the total value of Government Can’t Keep Track Of Foreign Land Transactions By Don Kendall WASHINGTON (AP) -Farm real estate1 experts in the agriculture department say that if rich foreign investors want to buy U. S. land there is virtually no way for the government to prevent or even keep track of such transactions Farm land values have soared in recent years, largely because prices for many commodities have risen. Last year, for example, the land values jumped a record 25 percent Despite higher costs of land, there has been a growing concern among some authorities that foreign investors — primarily Japanese — were gradually moving into I'. S. agriculture. New Apprehensions Now, with Middle Fast oil bringing riches to its owners, there are new apprehensions that countries such as Saudi Arabia may become interested. But I'SDA land economists say no one really knows whether or to what extent foreign investors have been buying land for agricultural or other purposes “While we pick up these tumors of foreign money, theres no real good way to document whether they are foreign or not.” says Robert I) Reinsel of the department s Economic Research Serv ice. “We haven t put forth any specific moves to find out. and without doing so there is little way to judge.” Protect ( Hents Reinsel. iii an interview, said real ('state brokers themselves bkt1 to protect clients and. as long as sales are clear-cut and involve cash, are not disposed to worry about who they are Even if a land salt1 can he linked to a public corporation dominated by L S. investors it could include large minority ownership by foreign interests Thus, Reinsel said, land purchasing and ownership can lie shrouded in many ways. The emergence of Middle East oil affluence and interest of governments to invest abroad is real So far. however. known investments have involved primarily industrial facilities But there is plenty of money for further expansion In Saudi Arabia alone, for example. up to $20 billion may be available for overseas investment Not Troubled One I SDA expert said he was not troubled by the possibility of large foreign investment in farm land and that if this happened, “it must speak wi'll of our economy and the future of I S agriculture.' While there is a possibility of Middle East oil money flowing into V. S. agriculture, it would come primarily for investment purposes Iii .Lipan. where investors have looked abroad in recent years, there is another reason To help insure reliable supplies of raw materials — food and other goods — for Japanese industries and consumers The I S Feed Grains Council, a privately financed trade organization, says Japan and other developed Asian nations are looking further into I S investment possibilities. “ \sians are getting more interested iii investing in the F. S.,” the council said iii a recent newsletter. “Foreign wage rates have bothered them quite a bit in the past and they’ve tried to get involved in countries where the cost of wages has been fairly low But now. the council said. the Asians are beginning to see that mon' is involved iii overseas development than wage rates “So they re looking at the I S', for a number of reasons they think can override the wage question,” the council said. “They think L S. productivity can compensate for the higher wages. And they consider labor-management relations better in the I S. than iii other developed Western nations." Chamber Plans Annual Chicken Barbeque Feed IOWA CITY -Iowa City businessmen will host Johnson county farmers at a chicken barbeque at the 4-H fairground here Aug 29 Plans for the 21st annual event were announced this week by Bob Wessel, chairman of the Iowa City Chamber of Commerce agriculture committee. “This has grown to be one of the biggest annual community relationship events in this part of Iowa,” Wessel told The Gazette “Starting in 1954. it has increased every year to where we now feed a1 most 2 (MMI people and have a full afternoon and evening s activdies ” The Johnson county hor-seshoe tournament heads the afternoon events with registration and warm up at I p iii Play will get underway under the direction of Fred Klopfen-stein at 1:30 Entrants can participate in either tile i>e-ginners or experienced class The evening schedule starts with the serving of chicken and all the trimmings at 5 p.m. and is followed by a horshoe pitching demonstration and entertainment. Tickets are available at the Chamber office and Iowa State Bank and Trust Co Each businessman's ticket includes admission for two farmers Corn Prices Are Up, But Not Pork Costs AMES — Although the price of corn has increased about so (■('lits (nr bushel during the past year, the total cost of raising KHI pounds of pork remains essentially the same due to the decreased price of protein supplement It currently costs between $28,H5 and $34 KO to produce KHI pounds of pork Emmett Stevermer. extension swine specialist at Iowa State university. said this week These figures are close to those of July 1973 ($28 90 and $33.30) but much higher than the $18 40 to $24 80 cost reported in 1972 I red I osis Peed costs are much of the difference, said Stevermer. They constitute 70 to 75 jmt-cent of the current total costs of producing loo pounds of pork Last year's figure was 73 percent, while in 1972. when corn sold for $1 25 per bushel. Brown Gets Soil Regional Award WEST URAM ll - Harrell Brown of West Branch has been named the outstanding soil commissioner in the 12 fount v region 7 feed costs made up 53 to HO percent of the total costs. With corn at $2 JHI per bushel and soybean meal at $5.30 per hundredweight, feed ingredient costs range* from 3.4 to 5 ti cents per pound \ddltlonal expenses such as grinding, mixing and handling equipment make the average cost of a complete ground and mixed ration about B cents per pound Stevermer said most producers need between 370 and 430 pounds of feed to produce Km pounds of pork, including all feed for the breeding herd. This makes the total feed cost of prod wing loo pounds nj pork between $22 and $2(i Other ( osts Stevermer said facilities, depreciation, insurance, iii tcrest and tuxes are the next largest costs in producing pork Cost per hundred j pounds of pork produced is between tors La!»or tween pounds However $2-$4 tor these lac Snatched Purses To Pay Car Installment TOKYO (AP)—Young, broke factory worker Shiniehi Nakane told police lie was only try mg to meet installments due on his new $2.7(H) sports cur He drove the car down a dark street in early morning, approached a girl from behind and, driving slowly, snatched her purse with $20 inside. IK* sped away but was arrested later. Nakane told police he snatched purses from at least IU women since April to pay up a $l<Mt-a month installment which “was too much for hun to afford Darrell Brown Brown has been a commissioner for the Cedar county district for the last six years, serving the last two years as chairman ON THIS DATE in 1914 the wife of President Woodrow Wilson died at the White House Also in 1914. the I Tilted States offered to serve as peace mediator at the start of W orld war I costs average Im*-12-13 per hundred of pork produced Stevermer said availability and <o^t of labor varies greatly Im!ween swine enterprises Other costs in producing loo pounds of |M»rk arc* veterinary and health I TO to $1 power and fuel. $ 40 to $ sd; and miscellaneous m< ludwig auto. truck, telephone and market mg costs. $ 75 to $1 Stevermer said his production costs per hundred pounds of [Mirk were based on I B litters produced yearly per sow with between 7 5 arid 8 3 pigs marketed |M*r litter Improving the reproductive rate and weaning larger litters are two lug ways ol reducing production costs. Advertisement The Best Carpet Buys Are At Carpetland U.S.A. farm products sold last year. up from 38 2 percent in 1972. Mid those farms made up only 3 8 percent of Hu* nation’s 2. 844,(HH) farms counted iii 1973 NI Hic bottom, iii (Ik* $2,500 or less category , we're 753.000 farms making up 2(> 4 percent ol tlit* I S total Those accounted for I percent of sales, down from 2 1 percent in 1972. The report showed that nationally there vvt're 2(5,(HH) fewer farms of all kinds last y (>ar compared with 1972. That trend bas been going on since the 1930s Larger Scale Between the super farm and small unit extremes, the general pattern showed a distinct moving up to larger sales categories. The top three, for example, involve farms with 1973 sales ranging from $2(1,-000 each to the highest category of $KM).ooo or more. Last year. the report showed, the $20 OOO-and-nver groups totaled slightly more than one million farms That was an increase of 314.00(1 from 1972. Collectively, those accounted for 88.H percent of the nation’s farm output, based on sales, compared with KO.8 percent in 1972. In the middle were sales categories ranging from $2.5(H) per farm to the $20.IMN) level. Those farms totaled 1.082.non last year, a drop of //.OOO from 1972. Net Higher Net farm income — the record $32.2 billion iii all — was apportioned generally according to size* Tho larger the farm, the higher the income. The $100,000 sales farms, for example, got 34 8 percent of the total net income although representing only 3.8 percent of all the farms iii the country Collectively, farms selling $20,000 or more each last year had 83 <5 perc ent of tin* net income, while the smallest category of $2,500 or less accounted for 2.5 percent Those figures, however, only relate to sales and net income directly from farming. When outside employment is included there is a sharply altered picture. Last year, the report said. income from jobs and other nonfarni sources totaled $19 billion, up IO percent from 1972. The average for all farms was $8,249, compared with $7,092 in 1972 The figures showed that the smallest farms averaged $13,-93(1 each last year from non-farm source's, up from $9.H28 in 1972. At the super farm level the average was $9.48H. against $8,914 in 1972. lf UPI Wirephoto Stunted Corn Stanley Wallach, a farmer near Eureka, Mo., examines an ear of corn stunted by the drought. The corn had reached its full growth of only 3V2 inches. Around him cornstalks that ought to stand nine feet by mid-July have barely reached 5 feet, 8 inches. The leaves are burned beige and so dry that they fall apart when touched. fawn Newi ( XJ You've wanted to join the golfing scene all summer long, but you've hesitated to part with the money it takes to buy a set of clubs. Why not get those new clubs the Classified way? How? By selling for cash those items you've been storing such a long time! A low cost Classified ad will find a cash buyer for you . . . and you'll have the money you need to get your clubs. You'll also want to watch the Classif ied columns for a bargain buy on a set of good used clubs! Here’s How Gazette Want Ads Worked For Your Neighbor! It Was sold to the first person We Allays have good results with Gazette Want Ads. C. C. Ward Marion, Iowa IVO (9V br First time I vc used Gazette Want Ads. ITI surely use them again. Paul DeJager 331 2 Oakland Rd NE WIG! WA If I. 1 bar «,te './so Everyone is interested in refrigerators    and picnic tables. Had about 30 calls.'' Mrs Roger Grenstead 2354 Brookland Dr. N E. $ M P Eif*rtr k 'Cur yr    f H SIS I    M $35 Cuff ofter 6 P IVE 462 J iW) A    tiro so Sold all 3 to first person. Have used want ads often and always have good results. Wm. I. Cole Anamosa, Iowa TO ORDER YOUR ACTION-AD 8 to 5 Monday thru Friday...Until Noon Sat, ;