-5- 



k. 



The farm Income situation. It is expected that, when the figures are all 

 Ml in, cash receipts from farm, marketings in June nay amount to about 1.5 billion dollars, 

 ^ 5 percent above May and slightly above June 191^4. Instead of meiking the usual decline, 

 income from livestock and livestock products in June was slightly above May. Cash 

 receipts from crops in June may be about 10 percent greater than in May. Most of the 

 increased income from crops has resulted from larger quantities ccurried over from the 

 previous year. It is also estimated that receipts in July from all sources may be 

 from 5 to 10 percent higher than in June; then in August the cash receipts may rise 

 as much as 10 percent over July and somewhat above August 19^J4-. Increasing costs may 

 result in some reduction in net Income from agriculture in 19^5 compared with 19^*. 



Poultry and egg situation * The demand for poultry and eggs is expected to 

 remain unusually strong for the remainder of 19^5, reflecting scarcity of meat, a high 

 level of consumer's purchasing power and large army procurement. Prices received for 

 chickens and turkeys probably will be higher for the rest of 19^4^5 than In the corre- 

 sponding period of 19kk, This demand may weaken somewhat in 19k6 as a result of same 

 decline in consumers' Income and an Increased supply of other meat available for 

 civillane beginning late next sprlpg. It is expected that the production of chicken 

 meat and turkey meat will be larger in 19k6 than in 1914-5. Prospects are for a record 

 output of turkey meat in 19^5 > at least 10 percent higher than the amount produced in 

 19^1^. 



United States ranks high as food exporter . The following table shows the 

 ranking of the vcurlous exporting countries In food exports for the three years 19^2- 

 19^^ as a percent of prewar and percent of total. 



Country 



Value of . 

 export 8§/, 

 prewar 



Percent 

 of prewar 



United States 

 Canada 

 Argentina 

 Brazil 

 Uruguay 

 Chile . 

 Australia 

 New Zealand 



Million dollars 

 212 

 217 

 5^ 

 230 



58 



10 



272 

 2U2 



J 



595 



189 



81 



78 



75 

 78 

 8U 



Percent 

 of total 



J 

 35.0 

 16.2 



17.^ 



7.1 



1.7 



.3 



9.0 



# 



a/ Exports of each country valued at average 1955-1959 prices of 

 products exported by the United State sj commodities not ex- 

 ported valued at United States Import prices for same period. 



It will be observed that exports from the United States were approximately 

 double those of Canada and Argentina in terms of the percent of total agricultural ex- 

 ports during the recent three-year period. However, in the prewar period the value of 

 United States exports was slightly less than the value of those of Canada and only 

 about ko percent as large as those from Argentina. The relationship between exports 

 from the United States and other countries, including Brazil, Australia and New 

 Zealand, has also changed greatly. It would be logical to expect exports from the 

 predominately agricultural countries of Argentina, Brazil, Australia and New Zealand 

 to dominate a greatly restricted export market for farm products after the war. 



Vegetable seed production Increased . In prewar years the average three -year 

 production of the large- seeded vegetables — peas, beans and. sweet- com- -was about 100 

 million pounds; in 19^5 and 19^ the average was nearly 500 million pounds. The three - 

 year average production of small vegetable seeds was formerly about 10 million pounds; 

 the 19^^ production was more than 55 million pounds. The four leading biennial seed 

 crops- -beets, cabbage, ceuTrots and onions — in 19^ showed production of nearly k l/2 

 times the prewar average. 7/19/14^5 (HiJid 



