1953 Income On Farms In United States ;
Drops Five Per Cent Below Previous Yeari
Costs Taking Larger Proportion of Farm Income 1
Results In Only 36.5 Per Cent of Gross j
A * Income, Smallest Since 1932 <
W. .
operators in the United States
realized a net income of 12.8 billion
dollars in 1953, according to prelimi
nary (estimates. This was 5 per cent t
less than they received in 1952 andj
13 per cent lower than in 1951. But
it was 4 per cent above the postwar
low of 1950.
Realized gross farm Income in
cludes the value of farm products sold
or used in the farm home during the
year, plus Government payments to
farmers and the rental value of farm
dwellings. The value of products sold,
or cash receipts from marketings, de
clined 4 per cent in 1953 as a larger
physical volume of sales was more
than offset by lower average prices of
farm products. Government payments
were also down from 1952. On the
other hand, farmers’ nonmoney income
rental value of dwellings plus home
consumption of farm products—was
nearly the same in 1953 as in 1952.
With cash costs taking a larger pro
portion of farm income as a result of
the growth in mechanization so farm
operators, farmers retained as net in
come in 1953 only 36.5 per cent of
their realized gross farm income, the
smallest percentage for any year since
1932. The decline in total production,
expenses was almost entirely in such
farm-supplied items as purchased feed,
seed, and livestock and in rental pay
ments, which are mostly share rents, j
The total of other expenses was up 3
per cent in 1953.
Farmers sold or consumed about 2
per cent more than they produced in
1953 while in 1952 they sold or con
sumed about 2 per cent less than
they produced. As a result, farmers
marketed about 4 per cent more pro
ducts than in 1952, even though the
totnl physical volume of farm output
was about the same in each year,
thereby holding their realized or
spendable net income above their total
net income.
With farmers’ holding of crops and
livestock decreasing 675 million dol
lars during 1953 compared with an in-
I crease of 654 million dollars in 1952,
he total net income of farmers, in
cluding these Inventory changes, was
down 2 billion dollars or 14 per cent
from 1952. This compares with a de
cline of 700 million dollars, or 5 per
cent in their realized net income. The
drop in total net income contrasts 1
with a 5 per cent raise in national in
come.
Estimates of 1953 income given l
above are preliminary, based on infor-J
mation available as of February 15.
However, it is not expected that there
will be enough additional data to al
low any substantial devisions before
Ir. Elton Forehand, Jr. 1
Handle Your
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I REAL ESTATE I
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v -
July 1. <
Cash Receipts in 1953 i
Farmers’ cash receipts from market- ‘
jings last year are estimated at 31.0 j
j billion dollars, 4 per cent less than ,
their receipts in 1952. The total vol- ■
ume of farm marketings was up 4 per
cent, but the weighed average of pric- j
es received was down about 8 per cent, i
Receipts from livestock and live- 1
stock products, estimated at 17.2 bil- ,
lion dollars, made up about 55 per cent
of total cash receipts and were 6 per
cent below the previous year. This
decline was due to a drop of 9 per
cent in average prices, more than off
setting a 3 per cent increase in live-,
stock marketings. Crop receipts last
year totaled 13.8 billion dollars, down
2 per cent from the previous year,
with crop marketings about 7 per cent
lower.
On a state basis, 1953 cash receipts
were below 1952 in 37 states, and in
creases were relatively small in most
of the other 11 states. The largest
decline was 26 per cent in Navada.
Cash Receipts by States
Total cash receipts in 1953 were low
er than in 1952 in 37 states, higher in
only 11 states. The decreases ranged
from less than 1 per cent in North Da
, kota to 26 per cent in Nevada. The
increases ranged from less than 1 per
cent in Pennsylvania to 20 per cent in
Mississippi. Crop receipts were lower
j in 28 states, ranging from 1 per cent
below 1952 in Connecticut and New
Jersey to 37 per cent in Nevada and
42 per cent in Maine. In the 20
states where crop receipts in 1953
were above the previous year, the
smallest increase was 2 per cent in
Missouri and the largest was 32 per
cent in lowa and Mississippi. Receipts
from livestock and products were down
in 40 states, by only 1 per cent in
Rhode Island and South Carolina but
my 24 per cent in Nevada. Increases
in livestock receipts in the other 8\
states were generally small.
The declines in total cash receipts
by states ir. 1953 were more often due
to decreased receipts from livestock
and products than from crops. In the
North Atlantic Region, receipts from
livestock and products were maintain
ed in most states by higher prices of
eggs and larger marketings of broil
ers. Outside of this region, however,
North Carolina and Georgia were the >
'only states where receipts from live
stock and products were not lower
than in 1953.
Arizona ranks first in farm income
\ per farm, the amount being $38,330
This is more than twice the amount
for the second highest state, Califor
nia. At the bottom is West Virginia,
with farm income per farm of $1,549.
THE CHOWAN HERALD, EDENTON, N. C., THURSDAY, MAY 6, 1964.
North Carolina ranks fortieth in i
cash income per farm, the amount be
ing $3,064. North Carolina ranked
forty-second in this respect in 1952.
It is interesting to note that our rank
has improved, even though farm in
come was $46 million dollars less in
1953 than in 1952, and that farm in
come per farm was less by $159.00.
Again Arizona ranks first in farm
income per farm from the sale of
crops, the amount being $28,270. West
Virginia is last with $341.00. North
Carolina ranks twenty-fourth in cash
receipts per farm from crops, the
amount being $2,331. North Carolina
is principally a crop state. Our low
income per farm is simply due to the
small amount of crop land per farm.
We have the smallest farms in the
United States, upon an average, and
it is rather surprising that North
Carolina ranks as well as she does.
The high income per acre from tobac
co is the main reason why our rank in
.income per farm is much higher than
our rank in size of farms.
North Carolina ranks forty-sixth in
per farm income from the sale of live
i stock and livestock products, the
amount being $734.00. Our total farm
income from the sale of livestock and
livestock products was $211,636,000,
a record high. North Carolina was
one of the two states where the in
come from the sale of livestock and
livestock products was not lower in
1953 than in 1952. This appears to
be proof that North Carolina is gain-
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I FARMALL “C” TRACTORS I
FARMALL “B” TRACTORS with planters and cultivators %
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% CASE “VAC” with cultivators and middlebuster
¥ JOHN DEERE “A” with Cultivators, Planters, and Fertilizer %
I Attachments $495.00 f
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¥ Two 2-row com pickers ¥
! NEW GOODS I
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¥ JOHN BLUE Dusters and Sprayers X
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X “AS” Rotary Scoops, DANUSER’S Leveling Blade ¥
, Power Loaders .. . Manure Spreaders X
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OUR PARTS DEPARTMENT IS OPEN FROM 7 A. M, TO 5:30 |
| P. M., MONDAY THROUGH FRIDAY, AND FROM 7 A. M, TO 1 P. i
| M, ON SATURDAYS. |
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¥ Your Intcrnational Harvester Dealer %
I PHONE 3311 -:- SUNBURY, N. C. I
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ing as a livestock state.
North Carolina ranks forty-fifth in
per cent of farm income derived from
the sale of livestock and livestock pro
ducts, the per cent being 23.9 for
1953. North Carolina generally occu
pied forty-eighth position in this re
spect. However, the difference be
tween 22.5 per cent in Mississippi and
23.5 per cent for North Carolina is not
significant. The drop in income from
tobacco tended to raise the per cent
from livestock, since livestock did not
drop. The average for the United
States was 55.5 per cent of all farm
income from the sale of livestock and |
livestock products, which is considera
bly more than twice the ratio for
North Carolina.
As stated previously, North Caro
lina and Georgia were the only states
where farm income from the sale of
livestock products was higher in 1953
than in 1952. For the nation, as a
whole, farm income from the sale of
livestock was off about 6 per cent in
1953, as compared with 1952. For
North Carolina, even with lower prices
the total income from the sale of live
■ stock and livestock products increased
rfom $205,000,000 in 1952 to $211,636,-
000 in 1953. All evidence indicates that
we are making headway as a livestock
i state, slowly but surely.
Hail the advent of each dangerous
day,
And meet the great adventure with a
song. —Maurice Baring.
Edenton Soldier In
Exercise Hill Top
Army Cpl. Willie E. Blanchard, 21,
son of Mrs. Lula O. Blanchard, 110
North Oakum Street, will move to
the Yakima (Wash.) Firing Center in
May to participate in Exercise Hill
Top the last three weeks in May with
the 44th Infantry Division.
Forty-fourth Division soldiers, as
friendly forces, will face a well-trained
aggressor team in the largest joint
Army-Air maneuver ever to take place
I in the Pacific Northwest.
Exercise Hill Top marks the first
time the 44th Division has taken to
the field since its activation fom the
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Illinois National Guard in February,
1952.
Corporal Blanchard is stationed at
Fort Lewis, Wash., as a squad leader
in Company L of the division’s 129th
Regiment. He entered the Army in
December, 1952, and completed basic
training at Camp Rucker, Ala.
CATHOLIC SERVICES
On the first Sunday of every month,
! first mass is in Palace Theatre, Wind
; sor, at 8 A. M. Also mass at 10 A.
: M., on that Sunday in St. Ann’s
Church, Edenton, stated Father John
; Beshel, pastor. All other Sunday
i masses in Edenton will be at 9 A. M.,
i and 7:30 A. M., on week-days, he said.
Page Seven