GROSS FARMING INCOME

Dominion, Volume 33, Issue 226, 19 June 1940, Page 12

GROSS FARMING INCOME

. Changes In Recent Years Estimates of gross farming income for the 1938-39 production year are given in the latest monthly Abstract of Statistics. The substantial increases iu gross farming income in 1935-36 and 1936-3 < were followed by a fall in .1937-38, mainly accounted for by the lower level or wool prices. A slight decline, from the 1937-38 total occurred in 1938-39. due to lower prices in the pastoral group, which fell from £32,000.000 m 1931-3 b to £29,800.000 in 1938-39. This fall of £2,200,000 in the pastoral group was partly offset by increases, due to hignei prices, of £900,000 in the agricultural group, aud £200,000 in the dairying, etc., group. The following (able gives a comparison of gross farming income for ,the hist eleven production years in , millions oE

Movements in gross farming income since 1925-29 are indicated in the following tables of index numbers, in which the 1928-29 values are equated to 100: —

The volume of agricultural production in 1938-39 was 6.2" per cent, lower than in 1937-38, pastoral production was 7.0 percent, higher, and dairying, _etc., production showed a decrease of 7.7 per cent. Fann production in the aggregate showed no movement from the previous year. The index number of producers’ prices for all farm produce for 1938-39 shows a fall of 1.2 per cent, from the prices of the previous year. As regards individual groups, those for agricultural produce and dairying, etc., show price-increases of 19.2 per cent, and 8.8 per respectively, as compared with 193<-3b. while that for pastoral produce shows a decrease of 12.3 per cent. Gold Mining Returns Argo dredge: 36 ounces from 12,000 cubic yards in 133 hours. Worksop Extended dredge: 30 ounces from 10.150 cubic yards in 123 hours. New River dredge: 21 ounces from 18,600 cubic yards in 215 hours. (By Telegraph—Press Association.) GREYMOIjTH. June 18. (•'or the. first half of June the returns from the Barrytown dredge 94 ounces for 254 hours work and 100,000 cubic yards dredged. The Kanieri return was 53b ounces for 26S hours, and 139.000 cubic yards excavoted. The Arahura return was 692 ounces lor 277 hours and 163.000 cubic yards excavated. Price Of Tin Lower (By Telegraph—Press Assn.—Copyright.) LONDON, June 17. The price of I hr is lower, and is quoted as follows: —Spot, buyers £2SS/10/- a ton, sellers £285/15/-; forward, buyers £286/10/- a ton, sellers £287. NEW YORK, June 17. The price of tin is quoted at 56 cents a lb.

pounds':— Dairying.' poultry and bees, p £(m.) All farm reduce £(m.) Agri ell I rural. £(m.) Pastoral. £(m.) 1928-29 ... 7.3 31.6 25.5 64.4 1929-39 ... 7.4 24.6 24.4 56.4 1930-31 ... 6.7 18.3 17.9 42.9 1931-32 ... 6.5 14.7 17.4 38.6 1932-33 ... 6.9 1-1.5 16.5 37.9 1933-34 ... 7.0 23.4 17.S 48.2 19341935- ... 6.0 ... 7.4 21.8 26.5 18.3 23.9 46.1 57.S 1936-37 i —• 36.6 71.3 1937-38 7 * > 32.0 28/J 6S.2 193S-39 8.2 29.8 29.1 67.1

Dairying, 1928-29 Agricultural. .. 100 Pastoral. 100 poultry, All and farm beer, produce 100 100 1929-30 .. 101 78 96 55 1930-31 .. 92 - 58 70 67 1931-32 .. 89 47 6S 60 1932-33 .. 95 46 65 59 1933-34 .. 96 74 70 75 1934-35 .. 82 69 I — i •-> 1935-36 .. 101 84 94 90 1936-37 .. 99 116 • 108 111. 1937-38 .. 100 101 113 106 1938-39 .. 112 94 114 104