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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Dec 19, 1972
Page
4
College Station notes that farmers and ranchers should review 1972 tax affairs before December 31. Economist Michael Sprott urges agricultural producers to examine business transactions since January 1 to save tax dollars and take timely steps.
A feature discusses Turnrow Cotton Ricker and Modulator Cotton Compactor showing field compression of seed cotton with 7 to 12 psi, price ranges 1700 to 6000 dollars, and 450 machines sold in several states. It also covers farm income management strategies for 1972 including accelerated deductions, tax deferral, and record keeping.
Prices climbed in most Far Western cotton markets as growers offered more lots and sold the bulk of offerings. Demand was strong for Middling and higher grades with excellent interest for early season grades, while weather slowed harvests in some areas. Local quotes included California Middling 36 set at 34 to 34.50 cents, and Arizona Strict Low Middling around 31.86 to 32.00 cents.
Washington rumors say the United States may push for a freer global farm trade policy next year. Dairy leaders fear such a plan would devastate domestic dairy by opening markets to foreign products and undermining cheese and butter sales.
The Texas Agricultural Extension Service reports widespread effects from cold and ice. Panhandle and Rolling Plains paused cotton and grain sorghum harvests while small grains lagged. citrus and pecan picks rose in the South with strong holiday demand. Deer hunting and livestock feeding continued as conditions varied by region.
Twenty six purebred Simmentals sold for $391 700 in San Antonio in what officials call the first US direct import auction. Average price 15065. ten heifers averaged 17970 and 16 bulls 13250. Top price 27000 paid by South Texas Simmentals for Prairie being transplanted.
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