Soil Bank plan highlights reduce farm costs and aid economy
The article notes Eisenhower’s soil bank plan aims to bolster the farm economy at lower net cost, offset by reduced price supports for cotton and wheat. It details projected cash and commodity payments, government surplus handling, and expected savings in storage and price supports.
MENTIONED IN THIS ARTICLE
Raleigh Register
Beckley
W. Va
Wedne
Washington U
Eiesenhower
Soil Bank
Agriculture Department
Department
Congress
Eisenhower
Strong Prices For Farm Land Will Continue In 1965
Agricultural economists at West Virginia Polytechnic Institute foresee continued strong farm land prices as mechanization drives farm sizes up and technology boosts production. They cite rising mortgage activity, with more loans and larger averages, while about 70 percent of farmers hold no debt. Virginia land values rose four percent from March to July 1965, outpacing the national three percent gain.
MENTIONED IN THIS ARTICLE
WPI
Virginia
Filing Income Tax Returns on Farms
Farm operators with a gross of $600 or more must file a tax return with the IRS even if no tax is due. For year 1935, two options exist: file and pay before Feb 15 1956, or estimate 1953 tax and file a full return by Apr 15 1956 with adjustments. Brundage notes Social Security now requires earnings reporting, and forms are available at post offices and banks.
MENTIONED IN THIS ARTICLE
Ates Fete
Cos
Electrithe
Cal Manufacturers Association
G.S
Ates
Internal Revenue Service
K. P. Brondage
West Virginia University
Parkersburg
Brundage
Internal Revenue Service Brundage
Lower Prices of Farm Products Benefit Consumers
Ohio State University economist George F. Henning says lower farm product prices, especially livestock, have reduced consumer food costs. He cites USDA data showing a $30 yearly drop per city family, with meat prices driving most of the decline, while farm returns fell but spreads widened due to higher labor and transportation costs.
MENTIONED IN THIS ARTICLE
George F. Henning
Ohio State University
Henning
U. S. Department of Agriculture
Agricultural Economics Department
Ohio Agricultural Experiment Station
U. S
USDA
Columbus
Ric
Farmers as large oil and chemical consumers in US industry
Figures show farmers used 16 million tons of crude oil last year the highest among industries. They spent about 100 million for pests and insecticides and a billion dollars for fertilizer and lime. Over ten years they bought thousands of tractors cornpickers and other equipment.
MENTIONED IN THIS ARTICLE
Department of Tculture
Crops Planned for 1956 Survey Guides Area Farmers
A Beckley area survey asks farm families to plan 1956 crop production with the Rural Development Council and Beckley Farmers Market. The plans focus on green mature tomatoes strawberries and sheep, detailing acres and plant quantities and whether RDC assistance is desired.
MENTIONED IN THIS ARTICLE
Rural Development Council
Beckley
RDC
Farmers may deduct conservation practices on tax
Farmers and others may deduct certain soil and water conservation expenses on their 1955 income tax returns. The Farmers Tax Guide Publication No 225 explains eligible practices and deductions. The law allows self employed farmers to deduct conservation costs and to file a Social Security based tax return with new forms. Obtain the guide from county extension offices or the Agricultural Extension Service in Morgantown West Virginia.
MENTIONED IN THIS ARTICLE
United States
Jesson
U. S. Treasury
Intermal Revenue Service
Inter
Nal Revenue Service
Oglehay Hall
Morgantown
West Virginia
Contour Strip Cropping Guidelines for Pasture and Hay Fields
The article describes contour strip cropping on long slopes to balance pasture and hay production. Strips about sixty feet wide run along the contour with alternating cultivated and sod strips to reduce runoff and erosion, supported by the Agricultural Conservation Program with cost sharing.
MENTIONED IN THIS ARTICLE
Denver Holdren
Sand Branch
Unchanged Costs Listed for 1956 Farmers Hope For Stable Expenses
Ohio State University extension economist Riley Dougan says farm costs next year should be about the same as this year. He sees lower feed and seed prices offset by higher prices for tractors machinery and some building materials. Taxes may rise about 5 percent, with fertilizer costs near current levels, seed prices easing, and feeder livestock remaining similar. Wage rates for hired labor may increase modestly amid full non farm employment.
MENTIONED IN THIS ARTICLE
Riley Dougan
Ohio State University
Dougan
Proper Use Important With Poultry Vaccines
Dr. E. Johnson of the VPI Agricultural Experiment Station warns that diluting poultry vaccines beyond manufacturer guidance risks ineffective protection and may contribute to outbreaks of Newcastle disease and infectious bronchitis when vaccines are heavily used.
MENTIONED IN THIS ARTICLE
E. Johnson
Vpi Agricultural Experiment Station
Newcastle
Johnson
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