Commodity Sales Research Articles

Farm Income Rises

Farm income resumed its upward trend in the first half of 1968 after declining from $16.2 billion in 1966 to $14.2 billion in 1967, according to the United States Department of Agriculture. Realized net income of farmers from farming, at the seasonally adjusted annual rate of $14.6 billion, was up 3 per cent from the rate in the first half of 1967. Cash receipts from farm commodity sales were 2 per cent higher, reflecting slightly higher prices and a small increase in the quantity of products marketed. Nonmoney income combined with Government payments were up 6 per cent. Production expenses were also higher, offsetting about half the income gain.