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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 23, 1955)
WEDNESDAY, NOVEMBER 23, 1955 HERALD AND NEWS. KLAMATH FALLS. OREGON PACK SEVEN Veteran (Farm Reporter Analyzes Current National 'Farm Situation' EDITORS: How bad off It the American farmer? The following dispatch, by the veteran United Preaa reporter who covers the Ag riculture Department in Washing ton, gives fact and figures on both sides of the hot political battle over the farm situation. Br CAYLORD P. GODWIN United Presa Staff Correspondent WASHINGTON UP Just how serious . Is the "farm situation" that the politicians are talking about? Democratic critics ?( the admin istration's farm policies say the farmer is really hurting in the pocketbook. But Secretary of Agri culture Ezra T. Benson says Amer ican agriculture is basically "in a sound financial condition." Both sides have ample arsenals of statistical ammunition. Those who picture the farm situ ation as pretty desperate cite the farm income figure. This is the figure that shows what the farm ers in the country have left over Mt. Laki Plans Cemetery Voting The Mt. Laki Cemetery Main tenance District will hold an elec tion on Decembei 6 for the pur pose of electing one director for the district to serve at term of three years. W. W. Williams and William Cheyne are candidates for the post. The election will be held at the Hunley Granje Hall with the polls open from 2 to 7 p.m. Lakeview Court Schedules Trial LAKEVIEW James Dederick Edwards will go on trial at 9:30 a.m., Tuesday, December 13, on a charge of contributing to the delinquency of a minor. Trial date was set by Circuit Judge Charles Foster. The court has appointed T. 8. McKinney as attorney for the defendant. Chemult Dance Said Success CHEMULT The Chemult Civic Improvement Club's Harvest Dance in' the clubhouse Saturday night was a success despite bad weather. Mrs. Cap Jessup took home the turkey. A party with a Clrstmas gift exchange will be held at the home of Mrs,. Grady Gooch at Beaver Marsh on Thursday, December 1. .Mrs. John. Herman and Mis. Lloyd Hauptman will be co-hostesses. each year, as net earnings, after deducting their production costs from their crop and livestock sales. This figure has dropped from more than 14-billion dollars in 1952 to a rate of 10 1-3 billion dollars for 1955. That's a decrease of 27 per cent. And it has come at a time when the rest of. the na tion's economy is enjoying boom time prosperity. . , The Agriculture Department re ported Friday that a further de cline in farm earnings is In pros pect for 1958. Benson and his supporters note that the number of people living on farms also has decreased since 1952. If you look at farm income on a per capita basis that is, total income divided by the total farm population of men, women, and children you find that it hasn't dropped so sharply after all. Per capita farm Income, from all sources, was $S48 In 1952, and $913 in 1954. That's a drop of less than four per cent. The 1955 figure won't, be available until the year ends, but doubtless ti, will be a little lower. Politicians and economists who take a glum view of the farm sit uation point to the "cost-price squeeze" on the farmer. What they mean is that the prices of farm produced goods have been going down fairly stead ily, while the farmer's costs have held steady or gone up. For ex ample, a bushel of corn brought $1.51 in 1952. but only $1.14 last month. Whereas a tractor that -sold for $980 in 1952 was tagged at $2020 last month. The government has a compli cated formula for measuring the prices a farmer receives against the costs he has to pay. It's called "parity." When costs and prices are In the same balance they were in the period 1910-1914, the parity ratio is 100. It so happens that in 1952, the parity level also was ex actly100. 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Considering last month, alone, it was 82 per cent. alstant to Benson, says present arm price reiationsmps are war boom iwhen parity shot up to no per cent) ana tne depression of the thirties (when it sank to 58 per cent). f resent price reiationsmps lor agriculture . . . may be somewhere near normal for modern day pe riods of peacetime full employ ment, taking into account our heavy government stocks," Parrl berg says. In discussing farm finances. Benson often quotes the old saying that "Price times volume equals income." He's calling attention :o the fact that, even if prices are down, production is high. Farmers may be getting less per bushel for their corn, but they're growing an awful lot of corn. This year's total harvest of all crops is expected to equal and may surpass the all time record of 1948. The dark side of the production picture is that huge surpluses are piling up In government ware houses anrf fhnu AVoW d riant-Ac... ing effect on farm markets. Tne uuma oi surplus iarm commodities which the government has taken in under nric snnnnrt. nnraiunG has passed the seven billion dollar mar, ana is still growing despite stringent controls on planting. Here are some other facts and figures which might be added to the debit and credit sides of the farm balance sheet: Debit: American farms are mortgaged for $8,200,000,000. That's a seven per cent rise in farm mortgages since, last year. Credit: Farm real estate values are up five per cent since 1954. Farmers seem reluctant to s-U their land, and those farms that are aold are usually snapped up at' a good price. Debit: The farmer's, share of every dollar that a. housewife apenda for food has sWunk from 47 cents In' 1952 to 41 cents this year, and is still going down. ' middlemen processors, haulers, j retailers and the like get tne rest. Credit: The continuing rise In I Urging the demand for farm prod-1 techniques also are opening up the U.S. population is steadily en-lucts. 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