Feed Grain Outlook Brighten Farm Credit Spending Rise in 1970s
Federal lending to farmers rose to a record 14.4 billion dollars in 1970 through the Farm Credit System including PCAs, land banks, and banks for cooperatives. Loan volumes, interest rates, and carryover projections shade the outlook for the 1971-72 feed grain season with corn use and supplies discussed.
MENTIONED IN THIS ARTICLE
Washington
The
Farm Credit Administration
Farm Credit System
Production Credit Associations
Pcas
Farm
Ers
FCA
Farm Income Estimate Up For the Year
The Agriculture Department raised its 1972 farm income outlook by about 2 billion dollars with realized net income seen at 15 hundred to 2 billion more than expenses. Retail food prices are expected to rise about 4 percent this year while overall food prices may climb around 4.5 percent. Beef and poultry gains, hog slaughter lag, and milk output small gains are noted as factors shaping the outlook. Calf crop totals reach 46.9 million head, up 2 percent from 1970.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
USDA
Bar
L. Butz
Turkey Dogs on the Hot Plate Debate in Boston
Boston AP reports Massachusetts grocers official Malcolm McCabe warned the legislature against allowing ground turkey into bologna and hot dogs. He said subversive forces would ruin the old fashioned hot dog and urged stopping a turkey or chicken dog proposal discussed by the Joint Committee on Commerce and Labor.
MENTIONED IN THIS ARTICLE
Boston
Malcolm McCabe
Massachusetts Grocers Association
McCabe
Joint Committee On Commerce and Labor
Ice Harvesting Fades as Old Craft Survives in Minnesota
In Glyndon Minnesota Andy Dolence and Bruce Christensen keep ice cutting alive as refrigeration ends the era of ice harveting. Dolence hauls 250 tons yearly from Canary Lake and eyeing routes for resort ice service while Christensen plans 8500 tons for Burlington Northern but says he is the last big operator.
MENTIONED IN THIS ARTICLE
Minnesota
Bruce Christensen
Christensen
Bur
Williston
Detroit
Gifford Wood Co
Hudson, N. Y
United States
Record Kansas livestock and poultry value reaches 1.35 billion
Kansas farms on January 1 1972 held a record 1.35 billion dollars in livestock and poultry up 22 percent from 1971. Cattle and calves totaled 6 757 000 head largest on record with more beef cattle in feedlots. Sheep and lambs 327 000 up 3 percent, hogs and pigs 2 100 000. The average value per head for cattle and calves rose to 200 dollars from 170 the prior year.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas
Kansas Crop and Livestock Reporting Service
Record farm mortgage debt hits 30.7 million in 1971
ERS data show farm mortgage debt rose 4 percent in 1971 to 30.7 million on January 1. The report notes a long-term rise since the 1950s with shifts in lender sources from life insurers and FHA to federal land banks and commercial banks, plus a 13.8 percent debt-to-value ratio.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
ERS
Farmers Home Administration
FHA
Pasture Seeding Gets Increased Cost Sharing
The Rural Environmental Assistance Program in Douglas County amends cost sharing for pasture seeding to 70 percent of the total cost. A soil test is required to tailor fertilizer and lime, with a ten year lifespan for the vegetative cover. Various grass seed and legume combinations are available, including brome and alfalfa cool season mixes. native seeds are eligible but rare.
MENTIONED IN THIS ARTICLE
Douglas County
Early Birds Do the Best In Job Hunt
Douglas County teens ages 14 and 15 are urged to consider a March tractor and machinery training course offered by local implement dealers and the Douglas County Agricultural Extension Service. The program teaches safe tractor operation to qualify for work on farms and has produced over 93 safety certificates in three years. Interested youths should contact the Extension by Feb 22.
MENTIONED IN THIS ARTICLE
Douglas County
Douglas County Agricultural Extension Service
Douglas County Agricultural Extension
Also Mentioned on This Page
Federal Intermediate Credit Banks
FDA
Rent NY Ford
John Haddock
Turkey
Lington Northern Railroad
Glyndon
Minn
Norge
Haskell
International’ Scout
Scout
Truck and Tractor Co., Inc
the Land Bank
Feemea Lihe
Association of Lawrence
East 7Th Street
By Don Kendall
Economic Research Service
By Eben B. Farley
Billy Rb, Merhoff
Roy D. Sinclair
Merle Geyer
Life Auto
Ridge Court
Don Kalsar
Special Agent—Life
Don
Goodyear Tires
Don Parks
Don Farks
Gregg Tire Co
West
Greerey
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