Higher Costs, Lower Prices , ? Reduce Farmer Income 13% ' Farm costs rose again In 1967 and (arm Income dropped. More of the same Is In store tor 1968, Farm income was down 13 per cent In the first six months of 1967 over the same period of 1966. Raising costs are a big factor, according to Extension Economist Hugh Liner, North Carolina State University. "Prices paid by farmers through last October were up 2.6 per cent over last year," Liner said. "The cost of most production Items, es pecially labor, was up." No Immediate end to this pressure on the farmer Is In sight. "The uptrend In farm production expenses Is ex pected to continue for most ? items through 1968," accord ing to Liner. Items affected In the raise range from labor and mach inery to taxes and fertilizer. Prices farmers paid for fert ilizer increased in 1967 for the first time in about 10 years. They will go up again in 1968, Wage rates were up 9 per cent through October. Min imum wages will Increase 15 cents an hour for covered farms In February. "With the expected low rate of unemployment, farmers will ' continue to face ln creasln competition for farm labor," Liner explains. "For these reasons, it is anticipated that farm wage rates wlll In crease at least as much In In Service MERLE W. PERNELL FT. DtiC, NJ. (AHTNC)? Army Private Merle W. Per nell, 19, son of Mr. and Mrs. Forrest B. Pernell, Route 3, Loulsburg, N.C., completed eight weeks of advanced in fantry training December 8, at Ft. Dlx, N.J. He received specialized In struction In small unit tactics, and in firing such weapons as the M-14 rifle, the M-60 machine gun And the 3.5-lneh rocket launcher. 1968 as they did In 1967." Machinery and equipment costs may be up by 2.5 to 3 per cent next year due to higher manufacturing costs. "With wage rates Increasing faster than machinery and equipment costs, the trend of substituting machinery for labor will continue," Econ omlst Liner said. On the other items, feed costs should be below 1967 levels, feeder., cattle prices about the same, feeder pig prices higher during the first half of the year, costs of replacement dairy heifers up slightly, and farm taxes higher. People, Spots In The News | NORWELL L". Gumbs, Lon don's first Negro Bobby., is 21. He was born in St. Kitts, West Indies.! eugene McCarthy. Minnesota Senator, challenges President Johnson for 1968 Dem ocratic nomination.? BEAUTIFUL ski slopes are goal, of Pat Gulliver, who re minds that litter on ski tra'ils can be "upsetting" as well as unsightly. . I FROZEN 'WHALE' in New York's Central Park Chil I dren's Zoo doesn't mind snow- and cold: he's concrete. V ? . . s Time For Reflections - Take A Look Ahead This time of year Is always an appropriate point to pause and reflect on th^rear ending and to look forward a bit to the months ahead. The first session of the 90th Congress has been labeled different things In the past few weeks. I guess the par ticular level depends on your particular viewpoint. However, I tfttnk the record will show that the first session was as responsive to the needs and especially the desires of the people of our country as any In recent memory. For one thing, It made It unmtstakeably clear that there Is a limit to government spending. Congress cut actual spending back by more than four billion dollars for the 1968 fiscal year. Spending authorizations ? amounts authorized to be appropriated but not necessarily actually ever appropriated? were reduced even more? by nine billion dollars-, in fact. Ndw you may say that four billion dollars In actual cuts, and nine bll|lon dollars In potential spending is not enough. And you may have a point. But the point I would . stress Is that it has been many a long year since Con gress exerted its con stitutional role so forcefully and so effectively. Of course, some worthwhile projects have been tempor arily delayed by this action. In fact, some projects in our own Second District have probably felt the Impact of this belt-tightening- But li we are really serious about holding down and keeping our country safe and sound economically as in other ways we must be prepared to make some sacrifices. Another successful Con gressional effort was to re turn.. to the states and local government some degree of control over programs that will be carried out with pub lic tax funds. Re-emphasis of state and local responsibility was re flected in the education and highly controversial anti poverty programs, as two examples. This marked a continuation of a trend set in motion in the public health field a year earlier. I think this la only flttli* and proper. Most especially do I believe that there Is as much talent and ability - In the courthouses and state capitals of our country as there Is ? In Washington. Many here will not agr&e, of course. Much of the credit for this new ? or renewed? approach by Congress must go to you, the Individual citizens. It was you who decided that the government in Washington was spending too much money. It was you who let It be known that you wanted somtov authority as well as respon sibility restored to the local and state levels and to the Congress. You let Congress know how you felt. As it turned out, a majority of Individual Con-v gressmen felt the same way. The result, of course, Is now a matter of legislative history. This trend, In my opinion, Is a healthy one. I think It has a solid foundation, one which will jot be easily eroded. ? - When the second session convenes in a matter of just a few weeks, I think you wlllf find the sanft mood prevail-1, tng. As a matter of fact, I suspect it will be even strong er because members of Con gress will have had a chance to visit personally with their constituents after such a long first- session. ? There will be new problems and some old ones, too- -In the year ahead. But I think there Is a determination among our people to face them as they come up, calmly and with deliberation. M SERVICE JOSHUA H. PERRY Ft. Rucker, Ala. (AHTNC) - Joshua H. Perry, 23, son at . Mr. and Mrs. Haywood Par ry, Route 4, Loulsburg, H.C., received the silver wine* of an Army aviator and was ip~ ? pointed a warrant officer De cember 19 upon graduating from the Army Aviation School, Ft. Rucker, Ala. During the 16-week course, he was taught various fire techniques and tactical ma neuvers for helicopters sup porting ground troops in com bat. He also received In struction In helicopter main tenance and survival tech nlques. tarinQ V? SAVINGS UP TO 50 PERCENT! CHRISTMAS CARDS WRAPPING PAPER 1/ 6 - OVER-THE-KNEE SOCKS 2 i 1.00 [PANTI-HOSE 2w-1.00| MEN'S FLANNEL SHIRTS 1.00 MEN'S [QUILTED JACKETS 3.00 POLO SHIRTS '. * ? ' ? ?? BOYS 9-18 mos.? GIRLS 3-6X 0 1AA INFANTS 2 FOR 1.00 BLANKETS 2J0R 5.00 CLOTH DRAPES PR. 2.00 BED SHEETS 3.00 BED PILLOWS 99C EA. c ? ? ? m li\ FOR !? FILLED BINDER 1.00 POPE'S. INC. The Golden Passbook Savings Account: with the Automatic Withdrawal Feeture You get the high 5% interest rate of a savings certificate (certificate of deposit) . . . plus the flexibility of^ making deposits and withdrawals similar to a passbook savings account . . . plus automatic withdrawals -ort^-awy- schedule you set up to meet known re current needs for cash! After an original deposit of $1,000 or more, deposits of $100 or more each time keep your Golden Passbook Savings Account building new security for you, at maximum inter est. You can withdraw any time, on 90 days notice, we can even make withdrawals for you on specific dates when you need cash for taxes, insurance premiums, tuition pay ments, vacation funds ... any major cash need . . . just as long as your balance does not fall below $1,000 at any time. 1 Interest of 5% is compounded quarterly. If it remains in your Golden Passbook Savings Account, it earns even more money for you! Open your account at any Waccamaw Bank . . . make deposits at any Waccamaw Bank . . . visit, telephone or write any Waccamaw Bank for complete details. ? / . ' - ? ? -f: ? 77^

Page Text

This is the computer-generated OCR text representation of this newspaper page. It may be empty, if no text could be automatically recognized. This data is also available in Plain Text and XML formats.

Return to page view