FARMING IN AMERICA

Hawke's Bay Tribune, Volume XX, Issue 72, 8 March 1930, Page 10

FARMING IN AMERICA

BETTER TIMES AHEAD.

Better times are in store for the American farmer, in the opinion of Mr Hyde, the United States Secretary of Agriculture, who informs President Hoover in his annual report that such confidence is warranted by the bettor position of agriculture, higher price levels for now crops, and the operations of the Farm Board, which has 150,(XX),000 dollars (£30,000,000) available for farm market stabilisation and improvement. Gross income from agricultural production in the United States for the crop season 1928-29 is estimated at 12,527,000,000 dollars (£2,501,400,000) or about 22-5,000,0CX) dollars (£45,000,(XX)) more than for the preceding year. Net incomes for farmers did not increase, because farm operating costs, taxes, and interest on debts advanced somewhat. The American farmer is still far from being in a satisfactory financial condition, in spite of improvements. Although movement of the farm population from the country to the city has declined, and the rate of depreciation nf faun land values has been lowpred, much further improvement- is still nc-

cessary. American farmers are still overburdend with debt Corn production was 2,523.000,(XX) bushels, or 308.000,000 bushels fewer than in 1926.