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Grain and crop sales top cattle for first time since 1920s
Washington AP reports 1974 cash receipts from crops reached $52.2 billion, up $10.3 billion from 1973, while livestock receipts fell to $42.3 billion. Prices rose sharply for crops, livestock prices declined, and farmers faced lower net incomes, with 1975 projected at about $20 billion. The shift reflects smaller harvests and strong grain demand, aided by exports.
MENTIONED IN THIS ARTICLE
Washington
Agculture Department
Department
Economic Research Service
USDA
Iowa