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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 26, 1962)
THURSDAY. APRIL 26. 1962 MEDFORD MAIL TRIBUNE. MEDFORD. OREGON Net Farm Income Expected To Hit $12.7 Billion Washington - (IIPII - The Ag riculture Department said Wednesday net farm income In. 1962 is expected to total around $12.7 billion - the same amount estimated lor 1061 and the highest since 1953. .. This prospect for a contin uation 'of the farm income sit uation as it existed last yea! assumes average growing con ditions, strong domestic de mand for agricultural pro ducts, and a continued large exbort movement of farm commodities. I In a review of the farm in come situation, department economists said realized gross farm income in 1962 likely will be slightly more than $40 billion, up somewhat from the $39.6 billion in 1961. Hioher Prices Seen The anticipated increase in 1'962 gross receipts will result from a continued large vol ume of farm marketings, high-ex-1 crop prices, and increased government payments. An ex pected further rise m tarm riroduction expenses probably Mflll offset most of the in crease in realized gross In come. n addition to slightly larg er' cash receipts from mar ketings in 1962, government payments to farmers likely Will exceed the $1.5 billion paid out in 1961. Payments for reduced acreage this year Under the 1962 wheat pro gram are expected to account for most of the Increase over 1961. Payments under the iD62 feed grain program again will add materially to farmer's gross receipts this year. Raits To Continue As for farm costs in 1962, fjie economists said the per sistent rise in the prices paid b$ farmers for production items, Interest, taxes, and wage rates seems likely to continue throughout the year. breeding requirements are expected to be higher in 1962 and this likely will result in an Increased bill for feed pur chased by farmers. Fertilzier prices have been edging up ward, and prices paid for seed are higher than a year ago. ,. The economists predicted cash receipts from farm mar- Ratines this year will exceed slightly the $34.8 billion of 1061. For livestock and live stock products, marketings are expected to reach a rec ord high and average prices likely will be lower than in 1961. Crop marketings prob ably will be smaller while prices will average higher. Thrifty Bags Quickly made bag in colors (p-Ko with your dresses. Cost Wt to nothing. Jhese two bags are large enough to use as moderate tote bugs, too. Do In straw yarn, 3 strands of string. Pat. tei'n 7038: crochet directions. ".Thirly-fiva cents (coins) for this pattern add 10 cents for oach pattern for lsl-class mailing. Send to Alice Brooks, care of Mcdford Mail Tribune, Neerilecraft Dcp! P. O. Box 163. Old Chelsea Station, New York 11, N Y. Print plainly NAME, AD. DRESS, PATTERN N U M- BERt -JJEVER-BEFORE VALUE! 201) designs to knit, crochet, sew, weave, embroider, quilt 1n our 1962 Nrcdlrcralt Catalog. Beautiful Bulkirs in A 'Complete fashion section pins bedspreads, toys, linens, afghuns, slipcovers, plus 2 Wesfgates 4m Collage Brand 303 Tin 0 Frozen Peas jr. x 1 0 Candy Bars Purex as 35 Pineapple Asst. 5c Bars . Cottage Brand Green Peas . 6 303 tm. $7.00 Del Monte Sliced Cottage Brand Whole Kernel Corn 6 303 ,in. Cottage Brand Spinach 303 tins $7.00 $7.00 Del Monte Tomato Sauce Cottage Brand Tomato Catsup Cottage Brand Evaporated Milk 10,33 .....349 . 77 8-oz. tin $7.00 O 14-oz. bot. 89 .... tall tins $7.00 ill Pickles Nalley'i Whole-Kosher or Banquet y (UrififtfddMt TENDER JUICY BEEF I WW I Chif f0" "f I TOILET TISSUE 1 1 flaw Prime Rib or Sirloin Tip Cojfolc AIILLfAl" Borden's Mild Cheddar UHttSE: This Is a Winner at IT'S SALAD TIME! United Meats Fresh From The Cooker CANADIAN STYLE lb. 39) BACON slicED-FiiM of Flavor lb. 3S 79 79 59 FRANKS ,t39 BACON FRYERS Extra lean Mild cure to 2 lb. pieces lb. Fresh Frosted Cut up. Ready for your freezer .. Each TILLAMOOK CHEESE i V a v -V- TrJ Xrzm tuna ncu IV, YM nV, .-- . Bumble Bee Chunk W-a. . , . OniOIIS m Wf wMsm TOMATOES Firm Ripe basket 29 Ijf BANANAS Golden Ripe 2 lbs. 25 i I vllr lz) l 1 lr II Blue Mountain Chicken n' Liver Wizard aHIVsl .i, RUMMB gsjggsjsjj HIMsB cai A'ftC Charcoal 70 a;s CWvi I F0d V TinS J I I L'6h'6r V2gal. 1 OUT WEST MAIN AT ROSS LANE - No Sales to Dealers free patterns. Send 25c now ToUl Insurance premiums paid in the U. S. In 1060 amounted to $32 billion, up $14 billion over 1958.
