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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 11, 1965
Page
5
President Johnson pushes for cuts in government farm and stabilization costs as subsidies largely bypass low income farmers. The major cash programs for cotton, wheat, feed grains, wool, sugar beets and sugar cane distribute more subsidy to larger production patterns, totaling over $2 billion annually.
An agriculture study shows 1.6 million high sales farms earned 91 percent of cash receipts, while 56 percent of farms with under 5,000 in sales earned only 9 percent of cash receipts. The beef purchasing program ended with 402,626 pounds bought for 221.8 million dollars, removing about one million head of cattle.
WASHINGTON UP I reports the senate Democratic steering committee cut the agriculture committee from 17 to 15 members for the new 8th congress, with little protest. Declining farm numbers and controversies over farm price supports reduce the panel’s political punch, while gratitude for hard work over glamor shapes the shift.
A garbled listings page details multiple farm auctions across Iowa locations including Wil lamaburg Quarque Monticello Martelle Blairstown Hawkeye Downs Van Horne Mechanicsville North Liberty Waymaker Cedar Rapids Farley Wat kins and Manchester with dates January 14 to January 30 and times around 11 a.m. 12 m. or 1 p.m. Auctions feature livestock machinery grain hay straw and feed stock closures often specified as closing out sales with buyers such as Alvin Mumm Steve H Bovanmyer Nick Lahr Theodosio Pulver Marvin Co Cyril Blent Roger Ramp Ed Papesh Dean Bohr Leonard Himmelsbach Elmer J Ka Gera Dean Bohr Keith Bolsen and others.
Land Bank Association announces its annual meeting as lawmakers discuss committee assignments in agriculture. Senator Ellen Jer recalls choosing agriculture over foreign relations in 1937 while noting shifts in party dynamics and committee membership from the 88th to the 89th Congress with 11 Democrats and 6 Republicans to 10 Democrats and 5 Republicans.
Washington reports government purchases of oleomargarine to aid needy families, with 7,257,600 pounds valued at $1,034,000 since the program began. Purchases include Canton 8 and Canton 7 shipments to Colesburg and Chester Dins, amid a broader effort to distribute margarine under price-support policies.
The Intermediate Credit Bank of Omaha loaned more than 435 million dollars in 1964 to farmers and ranchers across Iowa Minnesota Nebraska South Dakota and Wyoming. Loans outstanding reached a record 191 million at year end, with over 22 000 borrowers served by 40 farmer owned associations and other credit bodies. The bank reported a 70 percent five year loan growth and noted global cattle and hog trends likely to affect 1965 agricultural credit demand.
The want ads section reflects employment, real estate, automotive and financial markets. It serves as a cross section of prices and values, offering a quick look at business conditions. Develop a thrifty habit of scanning these ads for thrifty finds.
Kenneth Reid explains farm option reporting to farmers. By using Schedule F and Form 1040 with two thirds of gross income up to 1200, farmers may average earnings higher, yielding potential future benefits for retirement disability or survivor payments.
Twenty two Holstein heifers averaged 219 at the seventh annual Eastern Iowa Beautena Royal sale at Hawkeye Downs. Champion heifer shown by Steve Faust sold for 275 to Charles Rodloff. Top-selling heifer from Washington Senators 4H sold to Paul Ehrlich for 360. Iowa group Johnson County Sheep and Wool Growers Assn directors meet Wednesday at 7 30 p.m.
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