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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 04, 1973
Page
16
USDA projections show the average 1985 farm to hold total assets near 246000 with debts around 71000 and a net worth of 175400. Large farms grow in number and capital needs, with 1985 capital per farm averaging about 1.5 million and debt rising to 150 billion nationally.
Officials from across the Western Cotton Belt will convene in a two day conference at Ko Ko Palace to discuss production harvesting and marketing. Notable speakers include Jim Carter of the Arizona Cotton Growers Association and John F. Herzer of Plains Cooperative Oil Mill with topics on government programs gin operations and pest management.
A USDA study for the Senate Agriculture Committee warns that ending all farm programs would trigger a sharp fall in farm income, with large commercial farms hit hardest while small operators earning mainly from nonfarm sources would be least affected. Prices for corn and soybeans could tank briefly, then rebound with demand.
Washington AP farmers might benefit if VAT replaced property taxes but ERS warns many variables prevent flat predictions. VAT would be a consumption tax charged at production stages, potentially lowering tax bills only if farm product prices rise. otherwise taxes stay near seven percent of income. Experts note VAT is complex with uncertain effects on land values, assessments, and capital gains, affecting current farm tax burdens.
Texas Tech University researchers led by Dr. Thomas G. Carpenter study brush shredding as a control method. Findings indicate tail type shredders work best on large brush, rotary units can help, and moderate blade tips speeds reduce costs and increase safety. A 40 plus acre ranch test plots area is used to assess long term effectiveness and integration with other methods.
West Texas farmers face rising volunteer sorghum from seed in soil and from past crops. Experts recommend roguing, shredding, and rotating grain sorghum with wheat or broadleaf crops to reduce hard seeded sorghums and promote clean fields. Continuous roguing and buying clean seed from reputable companies are urged to ease infestations.
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