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1959 Farm Income
Dips 16 Per Cent,
Report Discloses
Washington (DPB Farm in
come plunged 16 per cent to
$11 billion in 1959 while oth
er segments o the economy
went up, the Agriculture De
partment reported Friday.
The drop was 1 per cent
greater than department
economists forecast in pre
dictions published last No-
MAIL TRIBUNE, M4fnJ, Or. 9
Sunday, Fab. 28, 1960 A
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The 1959 net farm income
what was left of cash receipts
from marketings after the
farmer paid production ex
penses, taxes, interest, and
the like compared with 1958
income of $13,100,000,000.
Net farm income in 1959 was
about the same as that in
1957.
The big decrease was ex
pected to furnish plenty of
campaign fodder for the
Democratic party in this
presidential election year.
Gross farm income in 1959
was estimated at $37 billion,
down nearly ZV2 per cent
from 1958. Production ex
penses kept pace, rising 3Ji
per cent to a new high of $26
billion
Drop in Prices
. The decline in gross income
reflected a 4 per cent drop
in average prices received for
farm products. This was only
partly offset by a 2 per cent
increase in volume of sales,
plus a reduction in govern
ment payments due to discon
tinuance of the acreage re
serve section of the soil bank
program. Total cash receipts
from marketings were down
2 per cent to $32,800,000,000.
Government payments drop
ped more than one-third, or
about $400 million.
Despite a decline in the
number of persons living on
farms, the per capita income
of the farm population from
all sources was down 8 per
cent from 1958 to $960.
Russian Premier
Warns Japan
Jakarta, Indonesia (DPS -Soviet
Premier Nikita Khru
shchev Friday warned Japan
that by signing a new secur
ity treaty with the United
States she was playing "a
dangerous game."
The Soviet leader's tough
talk to Japan came in an ad
dress before the Indonesian
Parliament, billed before
hand as the most important
of his 12-day tour of this re
public composed of a thous
and islands.
"Japan's action cannot be
disregarded," Khrushchev
said, because she is "endanger
ing peace" in the Far East by
signing the pact.
"Japan is not faced with
any danger," he said. "Why
does Japan want to maintain
foreign bases on her soil? This
is a dangerous game - most
dangerous to Japan."
Khrushchev returned here
today from Bali to address
Parliament, which gave him
a standing ovation.
Hatfield Lashes at
Defense Attacks
Denver - (UPD - Oregon Gov.
Mark Hatfield said Thursday
recent attacks by Democratic
presidential hopefuls on Presi
dent Eisenhower's defense
program will backfire against
the Democrats.
Hatfield addressed a Colo
rado Republican luncheon at
the Denver Petroleum club.
Hatfield, one of the few
Republicans elected governor
in 1958, says he is convinced
the American public is react
ing unfavorably to the Demo
cratic attacks.
He charged that such Demo
cratic aspirants as John Ken
nedy, Stuart Symington and
Hubert Humphrey are trying
to downgrade this nation and
the President's peace offen
sive in the eyes of the world.
Cape Canaveral, Fla.-flJPB-A
Navy Polaris test vehicle
was destroyed in flight 90 sec
onds after firing at the cape
Friday.
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