Decatur Daily Democrat, Volume 53, Number 276, Decatur, Adams County, 23 November 1955 — Page 12

PAGE FOUR-B

New Record In Milk Output Is Forecast Record Production Predicted In 1956 WASHINGTON (INS) —- T h e agriculture department officially forecast today that milk productioa in 1056 will reach a new high of 126 pr '127 billion pounds. Even at the lower level, prospective production next year would still top the 1955 record by about one and one-half billion pounds. Since the quality Os cows is improving each year, officials expect output per cow to continue showing significant gains. Also, since the dairy situation has improved considerably this year there is a good chance that farmers will add »o their herds over the next year or so. A current 'department report comments: “As a result, significant annual increases in milk production seems likely for the next few years, barring sharply subnormal crops and pastures.” One important factor in the dairyman's future is the price support level agriculture secretary Ezra Taft Benson decides to apply for the marketing year beginning next April 1. On that date in 1954 Benson dropped dairy supports to the minimum allowable under the law —75 percent of parity. For the current year, he set up dollars-and-cents supports to give farmer* the same price guarantee they had in the previous year, although this results in their getting a slightly higher percentage of parity. The secretary contends that lowered supports are one of the

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factors responsible for putting "" the industry in a better economic position. So it's a safe bet that whatever support rate he decides upon for the 1956-57 marketing year; it will . be little, if any, above the 75 percent minimum. No matter what the support ley-! el, however, It - sewn* certain that; the government will still lie acquiring some butter, cheese, and dry ntilk for price support pur- > poses. For the past 16 months, the government has been selling more of these cOmmed'ities than .it bought. As a result there have been tremendous reductions in its holdings of butter and dry milk although federal holdings, of cheese continue high. Looking at long range trends, i the current report estimates that i the number of farms selling* whole milk declined during the past decade front' about one mil- i lion, 100 thousand to approximately 900,000, But it added: ''Both the number lof cows and production per cow > have increased so that increased sales per farm has more than off ; set the reduction in number. • “Many of the cost-reducing in- 1 novations of dairy farms are eith-i er dependent upon, or themselves! help induce, increased size of i herds. These trends will continue ■ into the next decade; some may j even be accelerated." Home Loons WASHINGTON (INS) — The Veterans Administration reports I that 22 percent of the nation’s 18,-' 500.00 V war Veterans have applied ! for GI home loans. Most of the , 4,000,000 homes purchased under ■ the program went to World War ' i II veterans. The total amount of loans guaranteed by the govern- ; ment now amounts to more than i 30 billion dollars. ■ • i

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THR DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

WEDNESDAY, NOVEMBER 23, 1955