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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 31, 1965
Page
9
Washington AP reports the soybean, once a wonder crop, remains vulnerable to stagnating yield per acre. Despite rapid postwar growth and status as a key source of vegetable oil and livestock protein, farmers, dealers, and processors fear production may have plateaued under present conditions.
Bill Freiberg and Everett Rife lead the annual weigh-in for 4-H baby beef calves at Sweetland sale born Thursday morning. Calves ranged 285 to 790 pounds and received special plastic ear tags replacing the former tattoo method as soybeans pursue land use. The report also notes a broader soybean industry push for research and new weed control methods, with the foundation funded by industry segments. Washington reports strong demand for slaughter cattle nudging producers to heavier weights, as last week’s cattle averaged 1,035 pounds, up from prior weeks though down from a year ago.
Mrs. Clifford Luethye, patient at St. Luke's hospital in Davenport, underwent major surgery on December 28. She has been staying with her parents, Mr. and Mrs. L. E. Windman, while her husband serves in the Navy aboard the USS Katmai and is now stationed in California.
Washington AP reports farm circles speculate the United States could ease some crop production controls before the 1968 planting season due to growing world food needs. Agriculture Department officials say the programs for the coming year stand, but they note there is time to adjust if demand warrants.
Washington reports that farm groups plan to push limits on selling government grain to curb prices. The Agriculture Department's price supports for wheat and feed grains have cooled high grade wheat, drawing protests from the American Farm Bureau Federation Farmers Union Grain Terminal Association and state Farmers Union units. Officials warn stockpiles dwindle as production cuts press on, with action not expected before 1967, as reserve supplies and current plans cover the 1966 crop year.
Dairy farmers in six Midwestern states seek an economic type formula to set Class 1 milk prices. A hearing filed for Feb 1 would weigh factors beyond supply and demand, including index levels and farmers’ prices, to improve producer returns in 12 markets.
The 1966 Farmer's Tax Guide, prepared by the Internal Revenue Service, is available at the Muscatine County Extension Office per County Extension Director Eugene Mathern. The 64 page publication covers income tax provisions for farmers, filing examples, completed return samples, and dates for filing 1965 tax returns along with investment credit explanations.
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