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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Mar 06, 1975
Page
3
Washington AP reports the USDA parity ratio has fallen to 69 percent as of Feb 15, the lowest since 1971, with farm prices down 4 percent from Jan 15 and 17 percent below a year earlier. Expenses rose about 12 percent from a year ago, while commodity variation shows wheat near 89 percent, corn 97 percent, and cotton 42 percent of parity.
Washington testimony before the Senate Agriculture Committee by MFA vice president Clell Carpenter presses parity based loan and target price levels for all basic commodities under the 1973 act. He urges an emergency feeder calves program, a milk price floor at 85 percent parity, a strategic reserve, and faster disaster aid, plus reforms to conservation cost sharing and CCC loan rates.
Jefferson City Missouri Department of Agriculture director James B Boillot said after a Washington meeting that many EPA regulations on state pesticide plans are unrealistic for Missouri He cited proposed testing and certification of private applicators as conflicting with Missouri law The session also covered funding cuts to federal state joint programs energy concerns and marketing issues Boillot and John Sanders highlighted Missouri's views to federal officials and agriculture directors from 45 states
Washington reports indicate another move in Congress to lift price guarantees for wheat corn and cotton producers but the Ford administration favors free markets over subsidies. Agriculture Secretary Earl L Butz argues exports sustain farm prosperity while opposing any bill altering 1973 act guarantees. The hearings were set by Agriculture Committee Chairman Herman E Talmadge as aides warned price supports could burden taxpayers and cause surpluses.
Agriculture Department removes federal quarantines for cattle scabies in most of Texas, leaving only Hansford County. Frick rejects retreat to outdated farm policy of high supports. USDA economists project farm income will fall at least 12 percent nationally to under $24 billion this year, down from $27.2 billion last year.
Washington AP Farmers fed a record hay amount to cattle to cut rain ration costs, driving prices up. ERS reports 67.3 million tons used since May, vs 65.3 million in 1973-74. Total hay supply fell to 152.5 million tons from 159.1, after a 6 percent drop in the 1974 crop to 127 million tons. Prices averaged about 54 per ton by May, then around 50 in January, with 1974-75 season ending April 30.
Washington AP reports USDA economists project 1975 pork output to be the smallest since 1935, with hog inventories on farms down 10 percent from 1973 and farrowings at a record low since 1924. Slaughter in early 1975 expected to be the smallest since 1966, with total year output about 14 to 16 percent below 1974.
MSU researchers aim to produce beef entirely on forages rather than grain. Dan Fox says cattle fed silage reach slaughter weight with taste comparable to grain fed. Economic factors will drive adoption if world demand for grain remains strong.
Agriculture Department notes butter production up from December and year earlier with January at 97.4 million pounds and nonfat dry milk byproduct up 43 percent. American type cheese output fell to 85.7 million pounds, down 8 percent from December and 1 percent below last January. A public panel on meat production and nutrition is planned for March 18.
The Agriculture Department reinstates a DES withdrawal certification requiring cattle and sheep producers to prove DES has been removed from feed at least 14 days before sale. The rule, effective immediately, lengthens the prior seven day period and aims to protect consumers from possible residues while aiding producers against violations. DES has been linked to cancer in lab animals, though no beef or lamb tissue has been reported to contain the chemical at consumption-ready levels.
Mainland China canceled its remaining orders for U S wheat for the 1975 76 year starting July 1. The action voids about 14 million bushels originally set for delivery next crop year after previously canceling roughly 22 million bushels delivered through August.
Danny Kelly of Vandalia Rte. 3 won the grand champion commercial carcass in the East Central Missouri barrel show at Troy on February 15. His entry posted 50.88 percent ham and loin with a 6.40 inch loin eye, while sister Lisa placed seventh in weight and her entry had 46.9 percent ham and loin. His entry also earned first place lightweight carcass.
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