Kankakee Valley Post, Volume 19, Number 6, DeMotte, Jasper County, 7 January 1949 — ’48 Farm Receipts Higher Than In ’47 [ARTICLE]

’48 Farm Receipts Higher Than In ’47

Lafayette, Ind., Jan. 3. Purdue University agricultural authorities estimated today that Indiana farmers’ cash receipts would be slightly larger last year than in 1947 instead of slightly smaller as expected several months ago - 4b They said receipts in the last few months have been consistently below corersponding months a year earlier but not enough to offset gains earlier in the year. Total cash receipts from Indiana farm marketings from January through October amounted to $870,090,000 as compared with $855,795,000 * for the comparative 1947 period. Cash receipts from' livestock and livestock products were $<>36,778,000 in 1948 and $608,734,000 the year previous for j the first 10 months of the year. | Crop receipts, however, dropped - to $233,912,000 from $247,061,000 for the period. October > receipts from both crops and livestock reflected the downward trend with the cash receipts totaling compared with $132,045,000 for the same month of the year before. The Purdue experts, also pointed out that although cash receipts may be a little higher, farmers’ production expenses have increased considerably more and their realized net income in 1948 will be down from the 1947 figure.