Lancaster Farming in Lancaster, Pennsylvania

Agricultural Outlook Highlights at USDA Conference

At the USDA Agricultural Outlook Conference in Washington experts note that farm income trends upward though costs rise, with large farms gaining share of cash receipts and net income. Per capita disposable income rises about six percent in 1964, with demand for farm products staying strong through 1965. Meat prices stay near current levels while lamb and pork may rise. Feed grain supplies dip for 1964 65, hay shortages in parts of the country, and oat and barley stocks at low levels. Poultry and egg outlooks suggest higher production in 1965 with egg and turkey prices likely to fall, broiler expansion uncertain, and egg output remaining robust through mid 1965.