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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Aug 11, 1977
Page
3
The Agriculture Department predicts some increases in retail meat prices despite ample red meat and chicken supplies and slightly lower per capita consumption. Rising demand from higher incomes and delayed price hikes by wholesalers may push beef and pork costs up modestly while overall meat movement remains steady into 1978.
The Agriculture Department proposed changes to brucellosis compensation programs for cattle and swine producers. Cattle would receive flat indemnities by class, replacing current market value based payments for non reactors, with $50 for graded cattle and $100 for purebreds. Swine reactors would have payments of $25 for registered breeding stock and $10 for other breeding animals. Payments await rules and conditions similar to the cattle program.
USDA figures show 2.8 million U S farms averaged 19059 total income in 1976 with 7885 from farming and 11174 from off farm earnings. Smaller farms selling 2500 or less relied heavily on off farm income averaging 1951 from farming and 15630 off farm for a total 17551. Off farm earnings rise with smaller sales and many farms rely on nonfarm work to live.
The Agriculture Department reports higher fertilizer use with May up 6 percent and the July 1976 to May 1977 period 7 percent ahead of the prior year. An unpublished USDA paper estimates total chemical fertilizer supply this year at 5 percent above last year, despite tight natural gas supplies.
Truman Cooley of Centralia was elected to the state board of directors of the Midcontinent and Missouri Farmers Associations at the annual convention in Hearnes Auditorium. He replaces Miller Hern of Rocheport. Fred V. Heinkel was elected to his 38th one year term as president, with Raymond A. Young as vice president. MFA reports 1977 fiscal year sales near 600 million and assets above 200 million, with net savings of 13 million for the year and 75 million over five years.
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