Babson Forecast Sees Similar 1945 Cash Income For Farmers
Babson chart foresees U S farmers earning nearly the same cash income in 1945 as 1944 with some nuisance taxes dropped. Inflationary pressures rise as retail prices and living costs advance while debt grows. Weather, farm output and postwar policy shape the year with shifts in taxes, wages, and industry, plus a flood of markdown goods and postwar competition.
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