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cautious farmers eye 1974 after record 1973 season
Washington AP reports farmers tread cautiously after the best year on record for farm income and output. Prospects for 1974 include possible fuel shortages raising costs, potential lower grain prices if world production rises, and policy shifts toward market oriented support under the 1974 farm bill. Inflation pressures threaten expansion plans across dairy and crops, with exports and crop production needing to rise to meet demand. The 1973 year set records in crop production and farm income, with grain and dairy prices peaking and policy changes limiting subsidies.
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Agriculture Department
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Agriculture and Consumer Protection Act
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