MONTANA FARM REVIEW 



The conclusion to be drawn from the combined estimates of farm sales is 

 that despite a losa in crop revenue, the state as a whole will receive in 1925 nearly 

 as much income from agricultural sources as in 1924. 



The distribution of this income in the case of crops shows a lower return 

 for the grain farmers compared with last year, and about the same to slightly 

 lower returns to the more diversified farmers, excepting in some cases such as 

 commercial potato growers where a special crop has returned a better yield or 

 secured a better price. 



The distribution in case of livestock shows a further moderate improvement 

 in the sheep industry and a rather marked improvement in the cattle industry 

 due to the general advance of the levels of cattle prices during the past year. 

 The swine industry, which in Montana is tied up largely with the small farm and 

 the more diversified farming, has also benefitted by the general improvement in 

 hog market values. Some of this benefit offsets losses in crop income in these 

 cases. Likewise the dairy industry in the state is tied up more closely with the 

 small farm, where it has tended to help out crop income, through somewhat 

 better prices of dairy products. 



FARM SALES 1925 AND 1924 



Cattle 



Sheep and Lambs 



Wool 



Milk and Milk Products c/ 



Hogs 



Poultry 



Horses 



Honey and Wax 



Total from Livestock Sources. 



$19,215,000 

 8,036,000 

 7,465,000 

 7,282,000 

 3,566.000 

 2.926.000 

 1,465.000 

 176,000 



$50,131,000 



$26,477,000 

 9.926,000 

 9.156,000 

 8.859,000 

 5.685,000 

 3,500,000 

 1,320,000 

 250.000 



$65,173,000 



Crop and Livestock Sales Combined. 



$124,474,000 



$122,533,000 



c/ Dairy products estimated here do not Include value added by manufacture after 

 leaving farmers hands. 



The largest single contributor to farm sales in the combined group of crop 

 and livestock items is wheat, which crop in 1924, out of a total agricultural sales 

 of 124 million dollars, returned 56 million dollars. In 1925 despite a drop to 39 

 million dollars in cash sales of wheat the total income has yielded to a decline 

 of but 2 million dollars, due largely to the strengthening prices for most of the 

 items In the livestock group. However, had livestock sold on the basis more in 

 line with that of 1924, the total income from sales would have tended downward 

 in line with the decline in wheat values. While there is a gradual trend to offset 



