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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
May 15, 1973
Page
3
Texas farming data show declines in overall prices for farm products with the all-farm index down from March and specific livestock prices slipping. Hog beef cattle calves and sheep prices lower while turkeys and eggs rise. Wool and mohair steady. Wheat corn and grain sorghum show mixed moves. Red meat production in Texas March rises nine percent with cattle slaughter up 31,000 from the prior month.
Texas economist Wayne Hayenga of the Agricultural Extension Service warns that while 1972 yielded higher prices, production expenses rose rapidly. He notes seed feed and livestock costs up 10 percent in 1972, rents up 13 percent, and labor costs up eight percent with wage hikes possible, risking farm profit in Texas.
Weather and sun boost field work across Texas as grain sorghum and cotton plantings advance in multiple districts. Reports from district agents note crop progress, yields, and conditions including peaches, potatoes, range grazing, and updated disease and moisture needs.
Texas A&M unveils a five week residence course in feedlot management at Bushland with faculty from Animal Science and Veterinary Microbiology. It runs July 13 with classes at Bushland Center and field tours, aiming to enroll at least 20 graduate students and select industry participants for hands on training and a three hour credit internship.
Consumers lured by low live animal prices to buy beef on the hoof may pay more than $1.27 a pound once slaughtered and trimmed. The Texas Agriculture Department warns only 44 percent of live weight becomes edible cuts and 700 pounds of live beef yields about 308 pounds of meat.
Rural Housing Alliance wins a ruling requiring the Inspector General to disclose core details of the USDA investigation into FHA loan discrimination in Florida. Identifying information about loan applicants must be removed. The decision could unlock access to previously classified investigative material.
The Agriculture Department designated 447 counties across 19 states for emergency Farmers Home Administration loans to aid drought and flood recovery. Loans, at five percent interest, require applicants show need and no other funds. authorized by Congress and signed by President Nixon on April 20. Arkansas has 52 counties, Louisiana 6, Texas 15.
Agriculture Service notes weak old crop demand while foreign orders fade for old stock and hold steady for 1973 contracts. Most growers offer little cotton as planting nears completion in San Joaquin Valley and other western regions. Prices for Fresno Phoenix and Midland middling rise from last week as irrigation and early planting progress continue.
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