.4
hut
Costs Taking Larger Proportion of Farm Income
Results In Only 36.5 Per Cent of Gross
' Income, Smallest Since 1932
Farm operators in the United States
realized, a net income of 12& pillion
dollars in 1953, according to prelimi
nary estimates. This was 6 per cent
less than they received in 1952 and
13 per cent lower than in 1961. But
it was 4 per cent above the postwar
low of I960. :
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
pnywcai volume oi saiw was more
than offset by lower average prices of
farm products- Government payments
were also down from 1952. On the
va ,
-rental value of dwellings plus home
h, t , La,,-
nearly the same in 1953 as in 1962.
With cash costs taking a larger pro
portion of farm income as a result of
the growth in mechanization fo farm
operators, farmers retained as net in
come in 1953 only 86.5 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.
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
total 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
crease of 654 million dollars in 1952,
the 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
with a 5 per cent raise in national in
come. Estimates of 1953 income given
above are preliminary, based on infor
mation available as of February 15.1
However, it is not expected that there I
Will be enough additional data, to al-1
i i i i i j i
low any bu Datamini uevisiuns oexore
July 1.
Cash Receipts in 1953
Farmers' cash receipts from market
ings last year are estimated at 31.0
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
es received was down about 8 per cent
Receipts from livestock and live-
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 cent1 from the previous year,
with crop marketings about 7 per cent
lower.
On a state basis, 1953 cash receipts
were below 1952 in 87 states, and in
creases were relatively small in most
of the other 11 states. The largest
decline was 26 per cent in Navada.
I . 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
eent hr Pennsylvania to 20 per cent in
Mississippi. Crop receipts were lower
in 28 states, ranging from 1 per cent
below 1952 in Connecticut and New
Jersey to 87 per cent in Nevada and
1 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
eent in Iowa and Mississippi, Receipts
from livestock and products were down
in 40 states, by only 1 per cent fat
Rhode Island and South Carolina but
my 24 per cent in Nevada. Increases
in livestock receipts, in the other 8
states were generally small, y .
The declines in total cash receipts
by states in 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 "Stat where receipts from live
stock and products were not lower
than in 1958.
Arizona ranks first ill farm income
rwr farm. - the amount being $38,330.
This is more than twice the amount
- for tfconewmd highest state Calif or
lbiJ6 ltd
nia. At the bottom is West Virginia,
with farm income per farm of $1,649.
North Carolina ranks fortieth in
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
per farm from crops, the
amount $2,831. North Carolina
. , . ,, . . ,
crop.Btate. Our low
income per farm is simply due to the
amou?t of k?d Pefa-
We have the smallest farms in the
United States, iinon an avera. and
it is rather surprising that North
surprising
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 -
stock and livestock products, the
amount being $734.00. Our total farm
income from the sale of livestock and
I livestock products was $211,636,000,
ia record high. North Carolina was
ana ox me two states wnere 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
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
1 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 56.5 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-
,
o o o
i n a
Toy
TOWE - WEBB MOTOR COMPANY, INC.
where farm income from the sale of
livestock products was higher in 1963
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 1962 to $211,636,
000 in 1953. All evidence indicates that
we are making headway as a livestock
state, slowly but surely.
Representative Martin, Republican
from Iowa, and Representative Her
long, Democrat from Florida introduce
farm bills which are endorsed by the
National Farm Bureau.
Last week the rigid price support
measure failed to pass Congress, so as.
it now stands the Young-Russell
J Amendment expires on December 31,
of this year. This amendment guar
anteed 90 per cent of parity on farm
commodities regardless of production.
The Martin-Herlong bills are quite
lengthy, a copy of same can be had
for the asking. Requests should be
to congressmen of the re.
,Bp?ctive districts. Some of the main
points oi tne bills as they affect the
average farmer are as follows:
The Agriculture Act of 1949 comes
in effect and limits production bv
acreage allotments, by so doing 90 per
cent of parity is assured so loner as
jPP'y is kept in line with demand,
n case excess production after
quotas have been in effect for one
year a 5 per cent drop in parity below
90 per cent would come in effect for
the next year. But no more than 5
per cent reduction would apply on any
commodity in one given year. Acres
taken out of production could not be
planted in other crops for sale. Fail
ing to comply on any one crop would
disqualify a producer on all other al
loted crops or any other agricultural
benefits which may be forthcoming.
DELINQUENTS HELPED
BY COURT
By giving friendly advice, encour
aging leisure-time activities and find
ing part-time jobs for youngsters, a
juvenile court in a Northern city is
reshaping delinquent youth into well
adjusted, happy young citizens. - Read
"Conscience Court" in the May 16th
issue of
THE AMERICAN WEEKLY
Magazine In Colorgravure With The
BALTIMORE
SUNDAY AMERICAN
Order From Your
. Local Newsdealer
filly
7 p
-jj
J J '
3LR
.MAYJISAHfY
3 fertility tk as t-I.cU ty
e Secretary of Agriculture is hearti
ly supported for the 25 million acres
of diverted crop land which must come
out of production if surpluses are to
be kept in line with consumption. The
National Farm Bureau organization
feels that this is the program that will
be enacted into law before 1955. Ev
ery farmer should familiarize himself
with the program so that it will be
more palatable when it is put into ef
fect It is this program, as undesir
able as it may seem, or conditions sim
ilar to 1932 may prevail.
TRY A WEEKLY CLASSIFIED AT
Legal Notices
!' NOTICE OF RE-SALE
Under and by virtue of an order of
resale upon an advance bid made by
the Superior Court of Perquimans
County in the special proceedings en
titled Claudie Skinner, et al, Ex Parte,
the undersigned commissioner will on
the 18th day of May, 1954, at 11:30
A. M., at the Court House door in
Hertford, N. C, offer for sale to the'
highest bidder for cash upon an open
ing bid of $1,045.00, that certain tract
of land in Parkville Township, Per
quimans County, described as follows:
Beginning at an iron pipe on Right
of way of N. S. Railroad, thence N.
5 E. 18 chs, thence S. 67 E. to Mor
gan's corner, thence N. 52 E. 6 chs.
and 15 links, thence N. 82 E. short
distance to corner, thence S. 5 W. 17
chs. to Right of Way of N. S. R. R.,
thence along said right of way S. 72
WE SELL
Screen Doors
. all sizes
GJidden Paints
Children's
Play-yard
5-ft. x 5-f t. Sand Boxes
Complete With Sand
See Us For Your Needs
Harris Plumbing &
Building Supply Co.
PHONE 5401
Hertford, N. C.
You drive 235 HP FirePower V-8 . . . most powerful engine on the road, and all-time
record breaker at Indianapolis and Daytona Beach! You drive with PowerFlite . . . most
automatic of all no-clutch transmissions. And with Full-time Power Steering and power
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The powor and look of
77,
111'
MONTH .. CHICK TOUI CAE
V. 11.6 chs. to point of beginning,
containing 20 acres, and being the 20
acre tract in the Plat of the Thomas
L. Felton land. . '
A 10 cash deposit will be requir
ed of the successful bidder, i
This 3rd day of May, 1954.
WALTER G. EDWARDS,
May7,14 " , :, Commissioner.
NOTICE OF ADMINISTRATION
Having qualified as Administrator,
CTA, of the estate of Pleasant King,
deceased, late of Perquimans County,
North Carolina, this is to notify all
persons having claims against the es
tate of said deceased to exhibit them
to the undersigned at Winfall, N. C,
P. O. Box 197, on or before the 21st
day of April, 1955, or this notice will
be pleaded in bar of their recovery.
All persons indebted to said estate will
please make immediate payment.
This 21st .day of April, 1954..
T. E.. KING,
Administrator, CTA, of
Pleasant King.
April30,May7,14,21,28June4
Give Your Mother
A GIFT ON SUNDAY...
WE SUGGEST
PERFUME Coty
POWDER by Yardley
TOILET WATERS Tabu
Old Spice
it DRESSER SETS
BATH REQUISITES
ft FOUNTAIN PENS
and
Mitotan and Hollingsworth Candies
SELECT YOUR MOTHER'S GIFT AT
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PHONE 8081 "ON THE
leadership are yours in
CHICK ACCIDENTS
NOTICE OF ADIITSATION
' Having qualified as Adminirtra-,
trices of the estate of Mrs. Lizzie D.
Everett, deceased, late of Perquimans
County, North Carolina, this is to no
tify all persons having claims against
the estate of said deceased to exhibit
them to the undersigned at Route 8,
Hertford, N. C, on or before the 3rd
day of May, 1965, or this notice will
be pleaded in bar of their recovery.
All persons indebted to said estate will
please make immediate payment.
This 3rd day of May, 1954.
MRS. HILDA E. OVERTON,
MRS. BESSIE E. JORDAN,
Route 3, Hertford, N. C,
Administratrices of
Mrs. Lizzie D. Everett
April30,May7,14,21,28,June4
Number Two
"Let me see," said the minister who
was filling out the marriage certifi
cate and was uncertain as to the date,
"this is the fifth, isn't it?"
"No, sair," returned the bride indig
nantly, "this is only my second."
CORNER" HERTFORD. N. C.
H
a
M
Hertford, N.G
Phone 3641