Economic Information for Indiana Farmers, no. 25 (Apr. 1944) |
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ECONOMIC INFORMATION FOR INDIANA FARMERS No. 25 April, 1944 Division of Agricultural Economics April, 1944 DAIRY AND POULTRY SITUATION Prices Paid Producers for Milk, Butt erf at, and Poultry During 1944 Will Continue Above Those of 1943. Egg Prices If ill Rise to 1943 Levels and Are Likely to Exceed Those of Late 1943 Before the Year Ends. Production Costs, Especially Feed and Labor, Are Expected to Continue to Rise. Even So, Dairy and Poidtry Enterprises Will Continue Profitable for Established, Efficient Producers, W ho Grow Most of Their Feed or Are Able to Get It Reasonably Close By. The Dairy Enterprise During 1944 Will Be in an Especially Strong Competitive Position Compared to Other Livestock. Producers Should Provide for Adequate Feed Supplies and Insure Against Higher Feed Prices by Growing as Much Feed as Possible and by Obtaining Necessary Purchased Feed Well in Advance of Needs. With a Tighter Feed and Labor Situation in Prospect, Producers Should Cull Low Producing Cons and Hens and Fully Use Labor Saving Ideas and Equipment to Help Offset the Narrowing Margin of Profit. Demand for Food W ill Continue to Exert Upward Pressure on Prices During 1943, non-agricultural income rose 13.5 per cent and in 1944 will be greater than last year. Additional dollars in the pockets of American workers means more purchasing power to buy more food at present prices, or to pay higher prices for the same or smaller quantities of food. In 1944, the amount of food available to consumers is likely to be somewhat less than in 1943. Thus, with higher consumer incomes and no increase in food supplies, the upward pressure on prices is expected to continue strong. When the war in Europe ends, some temporary weakening of prices can be expected for a short time, after which prices are likely to recover and reach a peak higher than during the war period. Tighter Feed Situation in Prospect In 1943 our feed production was not as great as in 1942. But livestock numbers continued to increase and began to cut down accumulated feed supplies. On January 1. 1944, U. S. supplies of corn and oats per grain consuming animal unit were 20 per cent less than on January 1. 1943. Indiana, also had 20 per cent less than a year earlier. It is evident that our carryover into the new crop year will be very small and after the middle of the year the feed situation will depend upon the size of the 1944 crop. During the past year feed supplies were augmented by heavy feeding of wheat and rye. Supplies of these grains for feed will be much lower in 1944. Supplies of protein feeds will continue to be scarce in relation to what farmers would like to get. They will have difficulty in getting straight protein meals and will have to depend mainly on mixed protein feeds, the prices of which are likely to move upward in line with grain prices. Though hay supplies are adequate, some areas are short. Hay prices, which are relatively free from price controls, will continue well above those of a year earlier. How acute the feed situation will be in late 1944 and 1945 will depend largely upon the size of the 1944 crop. Even with a record crop like that of 1942 some liquidation of livestock will be necessary. Liquidation of hogs and chickens is likely to be greatest because they depend heavily upon grains. Producers should expect shorter supplies and higher prices. It seems wise for producers to grow as much feed as possible and obtain purchased feed supplies well in advance of needs. Cows and hens should be culled more closely than usual to obtain the maximum production from feeds fed.
Object Description
Title | Economic Information for Indiana Farmers, no. 25 (Apr. 1944) |
Purdue Identification Number | UA14-13-econ194404 |
Date of Original | 1944 |
Publisher | Purdue University. Agricultural Extension Service |
Subjects (LCSH) |
Farm produce--Indiana--Marketing Agriculture--Economic aspects--Indiana |
Genre | Periodical |
Collection Title | Extension Economic & Marketing Information (Purdue University. Agricultural Extension) |
Rights | Copyright Purdue University. All rights reserved. |
Coverage | United States - Indiana |
Type | text |
Format | JP2 |
Language | eng |
Repository | Purdue University Libraries |
Date Digitized | 02/26/2015 |
Digitization Specifications | Original scanned at 400 ppi on a BookEye 3 scanner using Opus software. Display images generated in Contentdm as JP2000s; file format for archival copy is uncompressed TIF format. |
URI | UA14-13-econ194404.tif |
Description
Title | Economic Information for Indiana Farmers, no. 25 (Apr. 1944) |
Purdue Identification Number | UA14-13-econ194404 |
Transcript | ECONOMIC INFORMATION FOR INDIANA FARMERS No. 25 April, 1944 Division of Agricultural Economics April, 1944 DAIRY AND POULTRY SITUATION Prices Paid Producers for Milk, Butt erf at, and Poultry During 1944 Will Continue Above Those of 1943. Egg Prices If ill Rise to 1943 Levels and Are Likely to Exceed Those of Late 1943 Before the Year Ends. Production Costs, Especially Feed and Labor, Are Expected to Continue to Rise. Even So, Dairy and Poidtry Enterprises Will Continue Profitable for Established, Efficient Producers, W ho Grow Most of Their Feed or Are Able to Get It Reasonably Close By. The Dairy Enterprise During 1944 Will Be in an Especially Strong Competitive Position Compared to Other Livestock. Producers Should Provide for Adequate Feed Supplies and Insure Against Higher Feed Prices by Growing as Much Feed as Possible and by Obtaining Necessary Purchased Feed Well in Advance of Needs. With a Tighter Feed and Labor Situation in Prospect, Producers Should Cull Low Producing Cons and Hens and Fully Use Labor Saving Ideas and Equipment to Help Offset the Narrowing Margin of Profit. Demand for Food W ill Continue to Exert Upward Pressure on Prices During 1943, non-agricultural income rose 13.5 per cent and in 1944 will be greater than last year. Additional dollars in the pockets of American workers means more purchasing power to buy more food at present prices, or to pay higher prices for the same or smaller quantities of food. In 1944, the amount of food available to consumers is likely to be somewhat less than in 1943. Thus, with higher consumer incomes and no increase in food supplies, the upward pressure on prices is expected to continue strong. When the war in Europe ends, some temporary weakening of prices can be expected for a short time, after which prices are likely to recover and reach a peak higher than during the war period. Tighter Feed Situation in Prospect In 1943 our feed production was not as great as in 1942. But livestock numbers continued to increase and began to cut down accumulated feed supplies. On January 1. 1944, U. S. supplies of corn and oats per grain consuming animal unit were 20 per cent less than on January 1. 1943. Indiana, also had 20 per cent less than a year earlier. It is evident that our carryover into the new crop year will be very small and after the middle of the year the feed situation will depend upon the size of the 1944 crop. During the past year feed supplies were augmented by heavy feeding of wheat and rye. Supplies of these grains for feed will be much lower in 1944. Supplies of protein feeds will continue to be scarce in relation to what farmers would like to get. They will have difficulty in getting straight protein meals and will have to depend mainly on mixed protein feeds, the prices of which are likely to move upward in line with grain prices. Though hay supplies are adequate, some areas are short. Hay prices, which are relatively free from price controls, will continue well above those of a year earlier. How acute the feed situation will be in late 1944 and 1945 will depend largely upon the size of the 1944 crop. Even with a record crop like that of 1942 some liquidation of livestock will be necessary. Liquidation of hogs and chickens is likely to be greatest because they depend heavily upon grains. Producers should expect shorter supplies and higher prices. It seems wise for producers to grow as much feed as possible and obtain purchased feed supplies well in advance of needs. Cows and hens should be culled more closely than usual to obtain the maximum production from feeds fed. |
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