Farm Price Rise Sets Record in January 1979
Washington reports the January farm price index rose 5 percent to a record high, led by cattle lettuce hogs broilers and soybeans. Declines in cotton eggs and oranges tempered gains. Expenditures up 3 percent since mid-December with year over year rise of 25 percent. Farm income 28.1 billion in 1978, 40 percent above 1977, but 1979 expected to fall to about 23.29 billion.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Imperial Valley
California
Emergency Feed Aid Approved for Farmers Amid Drought
The Agriculture Department approved 8.2 million dollars for emergency livestock feed from October through December. The program reimburses up to half the feed cost, with a maximum of two cents per pound, and helped producers buy 459 million pounds of feed. In the first year ending Sept 30, 169.4 million dollars supported 8.97 billion pounds, with Oklahoma and Texas receiving the majority during the drought period.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department
Oklahoma
Texas
Dairy Price Supportship Falls as Purchases Drop
Washington dairy price support purchases fell 56 percent in 1978 from 1976 levels, with the Commodity Credit Corporation net purchases totaling 2.7 billion pounds of milk versus 6.1 billion a year earlier. Slightly lower milk output and stronger demand shifted the outlook toward higher prices, and the Agriculture Department expects another good year for producers in 1979.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department
Department
Commodity Credit Corporation
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