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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 05, 1977
Page
5
SIU News Service reports farm marketing specialist Walter J. Wills explains the delicate balance between shortages and surpluses that shapes grain prices. He notes near record crops, last year’s unsold stocks, and how weather limits farmers, with reserve stocks needed to stabilize prices but too-large stocks could curb production.
In a meeting previewing a proposed farm strike, Dr. John Stulp argues for full parity prices for wheat corn soybeans pork and cattle while warning of higher consumer costs. He notes farmers may seek relief via Congress and compares urgency to past emergencies.
Illinois dairy farmers faced losses in 1976 as the average milk price fell about 49 cents below costs. University specialist Del Wilken analyzed 182 farms and noted milk accounted for 85 to 88 percent of income, with grain composing 57 percent of costs. He warned cheaper grain could boost milk production and further depress prices, though some profits may come from selling cattle if beef and milk prices stay steady.
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