The Mail-Journal, Volume 8, Number 35, Milford, Kosciusko County, 29 September 1971 — Page 13

Farm Income Expected To Be Increased 20 Percent

LAFAYETTE — Indiana farmers can expect during the next 12 months about a 20 cent increase in their net income from that of the past year, Purdue university agricultural economists said tonight. “On a per farm basis, net returns will run somewhat higher because of continued reduction in the number of farms,” the economists added. “But the purchasing power of net returns will be reduced somewhat by further inflation.” “Taking all these factors into account,” they continued, “the real purchasing power of net

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income per Indiana farm is ex- . pected to be up 15 to 20 per cent from last year. Cash receipts of Indiana farmers in the year beginning Oct. 1 are expected to be about 7.5 per cent higher than in the previous year, the economists said. (Cash receipts of Indiana farmers i during 1970 amounted to $1.5 • billion.) Returns from all important . ( commodities probably will be ’• higher with the largest gains expected to be realized by i producers of hogs and soybeans. > Hoosier cattle feeders too will receive higher prices and

probably will sell a few more cattle than in the past year. The economists noted that the price of com may average 25 per cent less than in the last marketing year, but pointed out that production will be 28 per cent larger. This means the 1971 crop will be worth more dollars to farmers. Average production cost increases will be held to about one per cent. mainly because of lower prices for farm-produced inputs and lower interest rates. Most of the cash income gain will, therefore, reflect itself in higher net returns.

This forecast, with a look at the general economic situation throughout the nation, was made in a closed circuit telecast from Purdue and was viewed simultaneously at seven other reception centers provided by the Indiana Higher Education Television System. Some 15 multi-county public meetings in areas not reached by the telecast will be held during the next week Os the general business situation the economists noted: “A gradual pick up in the pace of economic activity is expected in the year ahead. The Gross National Product seems likely to rise between seven to 10 per cent. . . to around $1,130 billion (seasonally adjusted annual rate) by July, 1972. “Real output is expected to grow by four to six per cent. Because of President Nixon's new economic policies price advances will probably be held to three to four per cent, which would be somewhat lower than the 5.3 per cent inflation rate of last year . . Although total employment is expected to rise, the economy probably will not grow fast enough to absorb new entrants into the labor force and

still reduce the unemployment rate significantly below current levels . . . “Demand for farm products will advance in response to rising income per person and population growth. Foreign demand may be stimulated by realignment of currency exchange rates of important U.S. customers. However, total sales abroad may not match the level of U.S. agricultural eroorts in the 1970-71 fiscal year . .|.” Here are details of Jthe Indiana outlook for the period from Oct. 1 to Sept. 30, 1972: ' Hogs The hog enterprise should be more profitable in the year ahead than it has been during the last 12 months. Costs of com will be sharply lower while hog prices will likely average about $2 per hundredweight higher. Prices of all barrows and gilts at Indianapolis are expected to fluctuate between sl7 — sl9 during the last quarter of 1971; S2O - $23 during the first six months of 1972; and s2l - $24 (hiring July, August and September, 1972. Feeder Pigs Demand for feeder pigs will likely continue to increase during the last three months of this year as a result of a large corn crop and prospects for higher hog prices in 1972. Beef Demand for beef is expected to be strong—up six to eight per cent compared with the past year. Fed cattle prices are ex-

pected to average $1 - $3 per hundred weight above the average of the past year —about s3l for choice steers at Omaha. Strong fed cattle prices and ample feed supplies will result in feeder cattle prices $2 - $4 above last year for the last quarter of 1971 . . . Profit margins from feeding cattle are expected to be narrow ... Returns to cow herds will be higher. Corn Harvest time prices of No. 2 corn will likely drop to the 90-cent to sl-a-bushel level. Prices are expected to recover quickly after harvest and rise to or slightly above local loan rates by next spring and summer. Soybeans Prices will likely average around $2.90 a bushel during harvest. Odds favor above normal seasonal rise. Thus, storing would appear justified. The tight supply situation will likely result in erratic prices and could result in substantial price increases during the year. The big question facing farmers for 1972 is the proportion of their cropland they should plant to com and how much should go to soybeans. Wheat Prices will likely average somewhat below the past year’s $1.34 per bushel national average. Dairy For the remainder of 1971 Indiana milk prices should continue above those of a year ago by 10-20 cents per hundredweight. Little change is anticipated in farm milk prices during 1972 because of supply pressures and the relatively high 1971 support level ... Net incomes to Indiana dairy farmers through September, 1972, seem likely to average about the same as those of the previous year. Turkeys Prices will likely average about the same to one cent a pound above a year ago during the major marketing season of 1971. A production increase of more than about two per cent in 1972 will likely result in lower prices in late 1972. Broilers Ice-packed broilers (nine city weighted average) are expected to average in the 28-30 cent a pound range during the next 12 months. This is about two cents above the average for the past year. Eggs Prices are expected to average two to four cents per dozen above those of the year just ended . . . Further production adjustment is needed to addure profitable egg production in the year ahead. Production Items Production item prices likely will average about the same to three per cent higher. Compared with last year, prices for feed grains are expected to be as much as 25 per cent lower; five to 10 per cent lower for interest and seed. Prices for purchased supplement, fertilizer, farm machinery, buildings and fence, chemicals and hired labor are expected to be one to five per cent higher. Purchased feeder cattle prices are expected to rise five to 10 per cent and purchased feeder pigs and taxes are expected to be 10 to 15 per cent higher. Farm Real Estate Prices probably will remain steady; actual price changes will be upwards

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Wed., Sept. 29, 1971 — THE MAIL-JOURNAL

Independent Insurance Agents Launch Statewide Crusade

INDIANAPOLIS, - A statewide campaign to save the people’s constitutional right to live by taking the habitual offending driver off Indiana's streets and highways was announced today by William G. Braman. Gary, president. Independent Insurance Agents of Indiana. According to Braman, “This is a necessary first step in making our highways safer thus saving lives. We want to deal with the causes of accidents rather than their symptoms. We want to concentrate on removing a primary cause of skyrocketing insurance premiums rather than merely compensating accident victims.” To accomplish this, Braman announced that the more than two thousand Big ‘l’ insurance agents in Indiana are united in a vigorous campaign to identify to the public just who is an habitual offender and the seriousness of his offenses. offender as the drunk driver, the speed maniac, the hit-run driver, the drug user, the careless driver who “runs” traffic lights and stop signs or, one who drives after his license has been revoked. Through an informed and concerned public, the IIAI is seeking citizen support for adequate Habitual Traffic Offender Law. Studies show that more than half the nation’s 55.300 traffic deaths in 1970 were caused by the worst habitual offender of all — the drunk driver. 1.563 persons died in tragic traffic accidents last year in Indiana and alcohol was the number one cause. Braman continued, “The drunk driver constitutes the biggest percentage of habitual offenders — this is the small but lethal group of drivers who, because they were once issued a license to drive, now act as if they have a license to kill. We must get these “killers” off the road immediately and permanently. “Statistics show that the conscientious, safe, careful driver makes up. the majority of the drivers on Indiana’s highways. Only 4 to 12 per cent are the culpable, wanton, the depraved, the arrogant, the driver who is completely indifferent to the safety of others. This is the habitual offender.”

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Braman pointed out that Virginia was the first state to enact an Habitual Offender Law in 1968. In the two years since the law went into effect, the death rate dropped from 5.2 to 4.8 per 100 million vehicle miles, compared to the U.S. average of 5.4 and the Indiana average of a high 5.5. In addition, there were 2,225 Virginia drivers certified as being habitual offenders. “Certainly, the saving of human life is our primary goal in this campaign to produce onehalf million statements signed by licensed drivers — men. women, and teenagers — who support our crusade for an adequate Habitual Traffic Offender Law from the 1972 Indiana General Assembly. But, it is also true that if we reduce the amount of money paid out by the insurance industry — which in 1970 alone was in excess of 16 billion dollars — it follows that insurance premiums 4 can come down. But as long as the mayhem on the highway continues, as long as human life is lost, and as long as the cost of automobile repairs, medical care, hospitalization, and many other costs continue their inflationary trends . . . insurance rates can’t very well be reduced. Thus, it is obvious that we want to try to stop the slaughter on the highway and thereby reduce the amount of money which the public must pay out for insurance. Braman added. “We are very pleased that the IIAI “Habitual Offender MUST Go” campaign has been enthusiastically endorsed by the Insurance Commissioner of Indiana, the Superintendent of Indiana State Police, Indiana Department of Motor Vehicles, and the Indiana Department of Traffic Safety and Vehicle Inspection. Further, we feel that many service clubs. Chambers of Commerce, school groups, traffic safety com-, mittees, and other clubs and organizations in all of our Indiana communities will unite with us for a strong “grass roots” and statewide demand that "The Habitual Offender MUST Go!” LAKELAND LOCAL Mr. and- Mrs. Jack Carr of Syracuse have returned from a trip to northern Michigan.

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