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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Mar 27, 1971
Page
10
Cattle feeders aim to lower feed costs by using computer formulated rations that meet nutritional needs at the lowest cost. The program charges $5.00 to compute a beginning, intermediate, and two finishing rations, with potential savings of about $2.00 per cwt and $8 profit per animal on 400 pounds of beef.
Washington AP reports that farm owner ship equity rose only 3.5 billion to 256.8 billion in 1970, the smallest gain since 1968 as high interest rates, tight credit, rising costs, and inflation pressed farmers. Outlook notes potential relief in 1971 with lower loan rates and eased terms. Total farm assets reached 317.2 billion, while net farm income fell 2.5 percent to about 15.8 billion.
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