Farmers' net incomes fall from 1973 peak
Washington AP reports farm incomes dropped nearly 16 percent in 1974 to 27.2 billion after a 1973 record of 32.2 billion, with 1975 prospects seen weaker than expected. Prices fall, costs rise, and crop yields will drive the 1975 income level, potentially dropping below 24 billion.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
USDA
Economic Outlook
Co. C
Kyle Randall
Randall
U.S
Doubt High Corn Sales To Common Market
Washington AP reports USDA experts doubt most of the 15 million metric tons of U S corn listed for delivery to the European Common Market through Sept 30 will be shipped. They expect Europe to buy under nine million tons, citing large Southern Hemisphere crops and Argentina’s corn crop of 9.5 to 10.5 million tons.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
USDA
U.S
United States
Europe
Department
Foreign Agricultural Service
Argentina
Wheat Crop Still in Tolerable Shape
Washington AP The nation's winter wheat crop remains in tolerable condition with fair to good ratings in major states as of Feb 1. Severe cold hit the southern Plains early last month but warmer weather spurred some growth and grazing. Above normal precipitation fell in eastern Kansas Oklahoma and Texas while other areas were well below normal. western Kansas faced wind erosion due to dry topsoil. Snow cover varied across regions.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Southern Plains
Kansas
Oklahoma
Texas
Morgans Among Dutyfree Horses
Agriculture Department adds Morgan horses registered in Canada to duty-free imports for U S buyers effective today. Eligible shipments require certificates of pure breeding. The rule also recognizes 14 other breeds for duty-free entry from Canada including American Saddle Horse Arabian Belgian Canadian Clydesdale Hackney Percheron Shetland Shire Suffolk Thoroughbred Welsh Pony Cob and Standardbred.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Canada
U.S
United States
Cattle On Grain Still Runs Low
The Agriculture Department reports grain fed cattle in seven major beef states on Feb 1 totaled 6,050,000 head, down 37 percent from a year earlier. Despite reduced grain feeding, producers sent many cattle to market from pastures and breeding herds, and high grain costs suggest no sharp rise in feedlot inventories soon. States listed include Arizona California Colorado Iowa Kansas Nebraska and Texas with substantial year over year declines.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
USDA
Arizona
California
Colorado
Iowa
Kansas
Nebraska
Texas
Farm Mixed Feed Rations Cut Costs by Sterrett
Harold Sterrett notes high feed costs push farmers to mix complete rations on farm with MU Extension’s least-cost calculator. A Boon slick swine ration example shows cost per hundredweight at $6.11 for a 12.14 percent protein, 3 percent fiber finishing ration using alfalfa, corn, soybean meal, fish meal and premix among ingredients.
MENTIONED IN THIS ARTICLE
Harold Sterrett
University of Missouri Extension Service
Boonslick
University of Missouri
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