Indianapolis Times, Indianapolis, Marion County, 22 April 1948 — Page 8

THE INDIANAPOLIS TIMES

wrawwmmm Farm Prices To Stay righ, If Bill Passes, Writer Says

By EARL RICHERT, Scripps-Howard Staff Writer costs for American consum-| 50s, yvrier dys... on the b . . temporary” “As a rule” said the Bureau of(an accompanying sharp drop in Ie i he Dest. extension f price-support bill by thal Ouse Agricultural Economics in a|the cost of things purchased by farm outlook Tort this “week, wheat farmers, the government “it is’ likely armers’ cash) woulq maintain its July 1 support verage of $2.21 a bushel. During the 1935-39 period they received an average of 84 cents a > only seats TH remain relativelyjprics through the next 12 mont. bus! . would » 1949, % oral farmers can look for-(8OVerrment to maintain prices, woo, the| Also, government price floors before the government would fix m n oy

ward to government-guaranteed of corn at around $1.30 a bushel are relatively inflexible. On|4 new and lower floor for wheat. prices of around 25 cents a pound 2nd above. (Corn farmers now|drop in the cost of things farm-|Wheat, for example, the govern-| mw, same situation is true of

” # |and above to growers. (Cotton are receiving an average of $2.11 e 10 farm machin- ment support price for the next CHIL farmers now are averaging 31% |& bushel. Before the war they ery av 10 Duy Then parity marketing year will be an-| c0tton and corn, the support price Vi a OHIQ ST.

wicents a pound; before the war averaged 69 cents) prices and government support/nounced at the beginning of the|being announced at Minute they averaged 10% cents.) Such high support prices would/at 90 per cent of parity would/new harvest about July 1. of the harvesting season and

Corn farmers can expect the!do much to maintain high liv-icome down. Even if a ld recession| holding for a year.

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