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Facts Forum News, Vol. 5, No. 1, January 1956
File 046
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Facts Forum. Facts Forum News, Vol. 5, No. 1, January 1956 - File 046. 1956-01. University of Houston Libraries. University of Houston Digital Library. Web. July 8, 2020. https://digital.lib.uh.edu/collection/1352973/item/209/show/185.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1956-01). Facts Forum News, Vol. 5, No. 1, January 1956 - File 046. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/209/show/185

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 5, No. 1, January 1956 - File 046, 1956-01, Facts Forum News, 1955-1956, University of Houston Libraries, accessed July 8, 2020, https://digital.lib.uh.edu/collection/1352973/item/209/show/185.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 5, No. 1, January 1956
Alternate Title Facts Forum News, Vol. V, No. 1, January 1956
Series Title Facts Forum News
Creator
  • Facts Forum
Publisher Facts Forum
Date January 1956
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 5 1956; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 046
Transcript w DO WE NEEI^ NATIONAL AND FARM INCOME FARM INCOME ( BIL. $ ) |~ ~~T NATL. INCOME (BIL. $ ) 200 100 1910 1920 1930 1940 1950 *FARU INCOME REFERS TO NET INCOME FROM AGRICULTURAL. SOURCES TO FERSOHS LIVING OH FARMS ODEFARTMENT OF COMMERCE ESTIMATES OF NATIONAL INCOME HAVE BEEN ADJUSTED TO MAKE THEM COMPARABLE WITH FARM IHCOME ESTIMATES U. S. DEPAHTyENT OF AGRICULTURE NEC. 1721-55(71 AGRICULTURAL MARKETING SERVICE tc Clin Bur on t 48, to o l.ele who expi THK MINISTER rises in his pulpit and announces his text. He mav travel far from it. but it i- always there in case he wishes to return and avail himself of that anchor. I, too, have a text, and it is this chart [reproduced above] prepared bv the Agricultural Marketing Service in the Department of Agriculture, following the form and pattern of a pencil sketch which 1 sent to the Service itfaa ago for a reproduction in exact graphic proportions. This chart attempts to trace the relationship between national income and farm income over the past 45 years. By it. we- see that beginning in 1910, particularly through the five vear.- 1911) through 1914 which became tin- parity base for our earliest endeavors toward equalit) for the farmer, farm income and national income rose eiml h-ll together. I do not refer to actual dollars and cents, because feirin income i- onlv a fraction of national income, usually about from one-twelfth to one-fifteenth; but. n itheless, thev travel in the same relative pattern. Then came the period prior to our entrance into World War I when those European nations which had heen drawn into the conflict required enormous quantities of Vmerican (.um products. Wheat prices rose to unprecedented levels as tin- armies in Europe -urged back and forth over the hundred battlefields, digging trenches, developing barbed wire entanglements, tearing up the soil. Ihi- wa- the great American era for ripping up pastures I.i,,,, and plowing up the plains . . . Every available pie was put into wheat or corn. The Iowa farmer could ',,i v bumper corn crop inlo fat cattle which could he -"Id a ., record level- that the value of Iowa farm land jumped^ , . hllv or a hundred dollars an acre to $400, $.->()(), and "' i, . Ileiuk Count) to 8600 or more. People bought and so '"j, ■ , lands with the frenzy vvilh which they now dabble in ura jar, A SLUMP AFTER FIRST WORLD WAR N llr ,rprodi There came, ol course, a day ol reckoning, lhe a tto ad wei- signed to end World War I. The pipelines of wlif |(>ve|a meal and dairv products in, longer needed to he 1" ,iiincfni wheat farmer had no guarantee that his market ""**, ]u forever and no umbrella I" protect him in the day *v miy product was no longer needed. Within a vear after I" I[as g I the weir, the I, i was over eiml within two vears tl'e(ythe E was on. There were six banks in m) home town. Five -' closed. The sixth was kept open l>\ brute strength, whole agricultural econoni) was shattered and torn. * y thai picture on the chart. .Jfarm Then from L921 for a period ol 26 years farm ' .as Wt -taxed relatively helow hut |>n>|-nrtiniiali*i\ close to '■ Hiodii income. It was never up to whal we might call Pa jr,'lati equalit) excepl in the years 1921 and l<m, hut it randan <» in the earlv L940'a and onl) dropped off L945 when price controls worked more effi I'M.', l"4^ lively 9fFA<T Page 44 Facts Foiuxi \i\vs. ]anuaf\
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