PRIMARY PRODUCTS

Timaru Herald, Volume CXLI, Issue 20340, 12 February 1936, Page 5

PRIMARY PRODUCTS

LAST YEAR'S FARMING INCOME A general stock-taking of farming income wheih has been completed by the Government Statistician shows that during the production year 1934-35, the income from all farming produce amounted to £47,900,000. This total, compared with the last “good” year (1928-29) shows a drop of no less than £18,000,000, despite the largely increased output, particularly in dairy produce. The distribution of this deficiency can be best shown by a comparison of the various classes of farm incomes of last

year and those of the producing year, 1928-29: 1934-35 Reduct’n £ £ Agricultural Prod’ce 6,000,000 1,200,000 Pastoral Produce . 23,200,000 1,200,000 Dairying. Poultry and Bees . . . 18,700,000 7,000,000 Another way of demonstrating how far behind is the producer in catching up with the 1929 position is to take the gross farming income of that year as 100, and reduce the latest returns to the same basis. It shows that the income from all farm produce last year was equal to 72. Our producers made a valiant effort to catch up with price reduction by increasing outputs; and placing these at 100 in 1928-29, last year’s production would be represented by the figure 121, with a return of £18,000,000 less for their efforts.