Cedar Valley farm incomes drop 68 percent in 1955
Net income per farm fell from 4929 to 4829 dollars as inventory values declined. Overall association income dropped from 9303 to 2967 dollars per farm, with livestock losses driving the big decrease.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 12, 1956
Page
11
Net income per farm fell from 4929 to 4829 dollars as inventory values declined. Overall association income dropped from 9303 to 2967 dollars per farm, with livestock losses driving the big decrease.
A 653 editor poll shows 18 percent favor returning to high rigid price supports while 45 percent think readers favor 90 percent parity. The survey notes 61 percent approve Benson's job, and editors oppose price supports as political handouts. Soil bank support draws mild backing as a possible escape, with calls to limit aids to small family farms and discourage factory farms.
A report states that farmers hold about one third of the nation's timber lands, indicating a substantial agricultural ownership share in U S forestry.
A sequence of farm auctions and sales listed for March across eastern Iowa. Items include livestock, hay, grain, machinery, portable buildings, and real estate. Notable entries feature H F Cosgriff estate near Tipton, Mrs Sam Porter near Urbana, Clarence Ogden near Center Junction, Jackson Longerbeam near Lisbon, and Mrs Roy Wise near Central City. The Hawkeye Downs event in Cedar Rapids presents a short horn show and sale at 9:30 a.m. with sale at 12:45 p.m.
Linn county ASC committee says government cost sharing for soil and water conservation practices is not tied to acreage allotments this year. Twenty two practices approved for payment. ASC chairman Lester E. Mitchell notes sufficient ACP funds and invites farmers to the ASC office in Cedar Rapids to arrange payments.
At the Allamakee Dairy Breeders Association annual meeting Horace Clark was elected president with Ed Leath as vice president and Walter Hagen as secretary-treasurer. Directors named were Clarence Hass and Leland Walby. Burns Byram of the Eastern Iowa Artificial Breeding Association spoke on the Eastern Iowa Bull Stud and two inseminators Jim Burke and Ray Burke gave reports. Bruce Rush, a farmer trainee from England on the Hagen farm, spoke about farming conditions in his country.
DES MOINES Iowa ASC reports 1956 storage squeeze for corn with 88.5 million bushels under price support on Feb 15 and a projected 120 to 125 million by May 31, totaling about 160 to 165 million for the Aug 1 settlement period. Small grains under support reach 21 million bushels, oats setting a state record.
River Forks FFA from Columbus Junction High School will compete at the Winfield district contest on March 24 after earning gold ratings at a local Wapello event with 10 chapters. Contestants include Garry Cassabaum in extemporaneous speaking and secretary's book, David Faler and Edward Pretz in program of work, and Gary Todd with a reporter's scrapbook.
Nineteen bulls averaged 226 and 24 females 175 as the fifteenth Hawkeye Downs Polled Shorthorn sale at the All Iowa fairground Cedar Rapids saw a top 350 for three bulls. The pre sale show champion consigned by R L Flamme Gladbrook sold to Byron Clark Palo. Frank Dempster and Son Arlington sold a bull to Howard Laughton Selma. Morris Brothers Aledo Ill consigned the third 350 bull sold to Paul Betts Anawan Ill. Top female was a five year old roan cow with January calf sold for 320 to Joe Tracek Garner.
Glenn Taylor of Dundee was re elected president of the Delaware county Beef Cattleman’s Club board of directors. Carl Weber and Dale Wendt hold officer posts, with directors Russel Zehr Roy Ryan A T Robinson. Members supported financing a national meat promotion program via a check off on slaughter livestock. The proposed rates are 16 cents per cattle head 5 cents per hog and 2.5 cents per sheep, expected to raise about 10 million dollars for advertising the meat industry.
Six tracts of unimproved land and a 160 acre farm with buildings in the Coralville reservoir project in Johnson county are offered for lease by the U S army corps of engineers. Bids due by March 26 at the Rock Island Clock Tower district office. Write C E Keely for details and bid applications.
Linn DHIA No 1 shows 380 milking and 60 dry cows producing 365200 lb milk and 14345 lb fat for 830 lb milk and 32.6 lb fat per cow. No 2 reports 480 milking and 95 dry with 354820 lb milk and 16210 lb fat at 617 lb and 28.2 lb per cow. No 3 records 565 milking and 136 dry totaling 542840 lb milk and 21005 lb fat at 774 lb and 30.0 lb per cow.
The record notes a cow owned by Wallace Mills producing 15 310 units of milk and 506 pounds of fat, marking it as the third high yielding animal in the herd.
Delaware 4 H leaders assistants and county committee members gather Friday evening at the Delaware county extension office for a training on Farm Safety. The group will consider details of the 4 H electrification trip award for the top 20 boys and outline tentative spring and summer activities.
On January 31 the CCC investment in price support operations totaled 8.89128 billion dollars with 2.97121 billion in loans outstanding and inventories valued at 5.920079 billion. By January 31, 1955 the investment stood at 7.391825 billion dollars with loans outstanding at 3.214371 billion and inventories at 4.177454 billion.
Maynard sixty FFA members and their fathers attended the annual father son banquet at the Maynard school. The dinner was served by the Future Homemakers chapter. Honorary memberships were given to Ed W Meyer, booster club president, and Colleen Brennick, vocational homemaking instructor. Officers listed include Cecil Woods president Don McLeish vice president Mike Carey secretary Don Henniges treasurer Wayne Sherman sentinel and Danny Lang reporter.
The USDA bought 9,612,750 pounds of pork last week, raising the grand total since the start of the pork purchase program last fall to 165,700,750 pounds.
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