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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 06, 1968
Page
18
Washington AP reports the agriculture department rejects the view that rising farm debt signals deteriorating farmer finances. With total debt around 49.9 billion and projected to hit 100 billion by 1980, officials cite operation expansion, technology adoption, and capital access as drivers, while noting few farmers borrowed excessively.
Forty nine Hereford cows sold at the Iowa Hereford Assn sale at the State fairgrounds in Des Moines average 340 dollars. Top bid reached 700 dollars from Ralph Rank for a heifer from Wiese and Sons of Manning. Willa Ray Ranch cattle sold for 660 and 600 to Jefferson Hereford Farm and Pioneer Hi-Bred Corn Co. respectively. Secretariat resignations and new appointments noted.
Danish egg producers and dealers demand government action to curb German goods imports as they seek to break through Common Market barriers. Exports fell from over five million cases in 1959 to about 950000 last year, with West Germany Britain and U S armed forces in Europe as key buyers.
Administration plans to expand FCIC coverage to 1968 crops across 38 states in 1,393 counties with Delaware added for corn and soybeans. Projected premiums total 47.3 million dollars while losses may exceed receipts, leaving a small surplus to offset operating costs.
A long list of farm sale notices items including closing out sales for livestock machinery grain hay and straw with numerous sellers and locations in towns such as Center Point Manchester Waubeck Williamsburg Springville Earl ville Swisher Oxford Junction Walker Monticello Anamosa Parnell and Centra City. The notices span February 7 to March 2 with multiple times and directions noted for each seller's site.
The East Central Iowa Veterinary Medical Assn will hold its monthly dinner meeting Thursday at 6 30 p.m. at the Roosevelt hotel in Cedar Rapids Dr Paul W Kopf of Wapello will discuss the MMA complex and a panel will follow his presentation
At the state Holstein association meeting in Charles City Don Voelker presents Iowa DHIA data for 1967. The 46,896 cows averaged 1064 pounds milk 401 butterfat with 3.6 percent protein and 8.6 percent components.
Thirty nine bred sows averaged $215 Saturday in the Iowa Hampshire Breeders Assn sale at Webster City. The champion gift consigned by Dale McGraw sold for $400 to Kenneth W. Kassel. Other gifts ranged to $340 and $320. 4H and FFA members judged. South Hamilton FFA led, Parkersburg FFA second, Anamosa FFA placed seventh.
U S meat supply grew by 5 percent year over year with pork driving the increase. 1967 production reached 33.8 billion pounds, beef 20 billion, fork 12 billion, veal 750 million, and lamb and mutton 645 million. Iowa led cattle and hog slaughter, Texas calves, California sheep and lambs.
The report notes that farm real estate makes up about two thirds of the total assets used in agriculture, highlighting the central role of land holdings in farming operations.
Wisconsin economist D Lee Bawden finds the Midwest produces turkeys most cheaply based on feed labor overhead and processing costs. States leading the four year ranking include Kansas Minnesota South Dakota and Oklahoma with Wisconsin mid pack and strong regional contrasts in labor and feed prices.
Doane Agriculture Service president H G E Fick told the Illinois Society of Professional Farm Managers and Rural Appraisers in Urbana that corporate farming will not supplant family farms soon. He cited three motives for corporate entry and urged laws to limit non-farm involvement while defending freedom to compete in American agriculture.
The Class I price remains $5.11 per cwt for February in the Cedar Rapids Iowa City market. The basic formula price stands at $9.22 per cwt for 3.5 percent milk with an eight cent butterfat differential per 0.1 percent variation. January Class II price set at $4.01 per cwt with a 7.3 cent butterfat adjustment.
U S dairy farmers earned 5.8 billion dollars from milk and cream sales in 1967, a five percent rise over 1966 and a new record. USDA data show 265 million pounds of butter 176 million pounds of cheese and 688 million pounds of nonfat dry milk bought to support manufactured milk at four dollars per cwt equal to over seven billion pounds of whole milk.
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