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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Nov 10, 1973
Page
3
The piece outlines income averaging as a complex tool for tax relief, with three steps to test eligibility and guidance from a tax consultant. It also discusses milk production trends, noting September output down 4.2 percent from the prior year, per cow output dipping below 1972 levels and dairy herd reductions amid higher feed costs, signaling a potential long term decline in U S cow numbers.
The Columbus Telegram reports headlines and briefs from Columbus Nebraska including local events and updates dated Saturday November 10 1973. The page highlights community news, notices, and brief summaries of local happenings for residents.
Lincoln scientist Gf Schuman of the USDA ARS and RAG Burwell of Council Bluffs studied two Iowa fields near Treynor for two years. They reported that soluble soil nitrogen contributed 31 and 47 percent of runoff, with rainfall delivering roughly five times more nitrogen annually.
DON KENDALL reports that the Agriculture Department foresees no large incotexition from Peruvian fishmeal for soybeans. Peru may resume higher fishmeal production in 1974 but full recovery is unlikely. World fishmeal output remains tight with prices peaking in 1973 and soybean meal rising alongside.
Washington AP reports Agriculture Department figures showing the farmer's share of each dollar spent on food in 1973 likely reached the highest level in two decades. For July to September, farmers averaged 47 cents of every food dollar, up from 44 cents earlier in 1973 and 40 cents a year earlier, with annual projections around 43 cents for 1973. The market basket cost 1104 dollars yearly for a 3.2 person household, up seven percent from May to June and 21 percent above a year earlier. Farmers received 76 dollars in the third quarter, up 14 percent from the prior quarter and 42 percent more than a year earlier.
In Sedgwick Kansas Nora Gingriss farm uses the K MAR computer accounting system to guide decisions on wheat and milo, expanding calf herd after profitable printouts. With Farm Management Association support, he pays about 190 dollars yearly and receives detailed income and expense breakdowns for his operation and four landlords. The system aims to offer objective guidance and tax planning benefits, as universities expand the program for more farmers.
Washington AP The Agriculture Department will expand its economic advisory service to farmers in anticipation of larger 1944 crop production. The Outlook Conference will be moved from February to December to aid farmers and suppliers in planning. Secretary Earl L. Bulz said farmers face complex production and marketing decisions and need up to date outlook data and late reports on fuel, pesticides, fertilizer, farm equipment, and related supplies.
Lincoln area grain shows plan three early December locations with classes for corn green sorghum soybeans and wheat. Entries due late November or late September for barley and oats weigh five pounds per entry with bags and tags via NGIA.
Washington reports higher weekly slaughter totals, U S D A data show about 675 000 head slaughtered under federal inspection last week up from a week earlier and from last year Analysts cite market flow from cattle held back by owners in September and October as a factor pushing prices down from about 80 81 to 40 20 per hundredweight for slaughter steers The 673 000 head slaughtered last week was the most since September 1971 and follows a string of declines tied to price ceilings and later adjustments plus a note on California orange tree electricity experiments delaying ripe fruit on trees
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