THE RELATION OF 1935-1939 AVERAGE 

 ILLINOIS FARM PBICES TO JUNE 15, 19i;5, TRICES 



June, 19^5 = 

 100 



1955-1959 Illinois 

 farm prices as per- 

 centage of June, 19^5 



Com 



^ogs, veal calves, 

 ^ eggs, milk, chickens, 

 Wool 



Lambs 



Barley, beef cat- 

 tle, butterf at 



•Wheat 

 •Hay 



heep 

 Oats, milk cows 

 Soybeans 

 Apples, potatoes 



The above chart shows what would happen to prices if they should drop to the 

 prewar 1935-1939 averages. Even if they remained 25 percent above the 1935-1939 av- 

 erages, there would be quite a decline in prices of many farm products-- the right-hand 

 side would be raised 10 to 15 points. 



Apples and potatoes are farthest out of llne--partly a seasonal matter. Soy- 

 beans, oats and milk cows are far too high in price in relation to the longer time out- 

 look. Corn prices have risen least, but a 39 percent decline to a yearly average of 

 66 cents would be severe enough. 



Last week we listed June 15 U. S. farm prices as percentages of parity. The 

 above comparison is much more realistic because of the remoteness of the base used in 

 computing parity prices. The same relationship between prices of individual products 

 will not prevail after the war as in 1935- 1959 > but the changes are likely zl oe rela- 

 tively small, G.L.J. 



