Ofd/^-A. ARS 1,3-77 



' ' June 1958 



#3 -77 



n>/yd- UNITED STATES DEPARTMENT OF AGRICULTURE 



n ' Agricultural Research Service 



Farm Economics Research Division 

 in cooperation with the 

 KENTUCKY AGRICULTURAL EXPERIMENT STATION 

 Department of Agricultural Economics 



TOBACCO-LIVESTOCK FARMING, BLUEGRASS AREA OF KENTUCKY 

 FARM COSTS AND RETURNS, 1957 1/ 



By Erling Hole and John H. Bondurant 2/ 



Net cash farm income in 1957 on commercial family-operated tobacco- 

 livestock farms in the Bluegrass area of Kentucky averaged $2,332 per farm. 

 This was 3 percent lower than in 1956. Cash receipts were 1 percent lower 

 in 1957. They declined for tobacco but increased for livestock. Cash expend- 

 itures were 1 percent higher. 



In 1957, net farm income (net cash income plus value of perquisites, 

 including dwelling and farm-produced food used by the family, and changes in 

 inventories) averaged approximately $1,95>0 per farm for small commercial 

 family-operated tobacco-livestock farms, $2,660 for medium-sized farms, and 

 $3,560 for large farms. It averaged $2,870 for all commercial family-operated 

 tobacco-livestock farms. These incomes reflected a substantial reduction in 

 crop production in addition to the decrease in net cash income. They were 

 10 percent lower than in 1956, and except for 1955, the lowest in 10 years. 



The volume of farm production was k percent lower in 1957 than in 

 1956, mainly because of lower crop yields. Production of Burley tobacco was 

 2 percent lower in 1957. The yield per acre of tobacco leaf was lower but 

 next to 195U and 1956, it was the third highest on record. Prices received 



1/ Information for earlier years on these farms is available in Ky. Agr. 

 Expt. Bui. 5UU, Farming in the Bluegrass Area of Kentucky, December 19U9 

 (1939-U8); U. S. Bur. Agr. Econ. F. M. 9k, Farm Costs and Returns, 1951 with 

 Comparisons, Commercial Family-Operated Tobacco-Livestock Farms, Bluegrass 

 Area of Kentucky, May 1952 (19U9); U. S. Prod. Econ. Res. Br., ARS, PERB 2, 

 Farm Costs and Returns 1953 with Comparisons, Commercial Family- Ope rated 

 Tobacco-Livestock Farms, Bluegrass Area of Kentucky, June 195U (1950); and 

 U. S. Prod. Econ. Res. Br., ARS U3-16, Tobacco-Livestock Farming, Bluegrass 

 Area of Kentucky, Costs and Returns, 195U, June 1955 (1951-53). 



2/ Farm Economics Research Division, Agricultural Research Service, U. S. 

 Department of Agriculture, and Department of Agricultural Economics, Kentucky 

 Agricultural Experiment Station, respectively. 



