The Courier News from Blytheville, Arkansas on May 19, 1950 · Page 13
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The Courier News from Blytheville, Arkansas · Page 13

Blytheville, Arkansas
Issue Date:
Friday, May 19, 1950
Page 13
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MAY 19, BLYTIIEVILLE (ARK.) COURIER NEWS PAGE Mortgage Interest Hits New Low in Relation to farmers'Cash Income Alone among the major items lr. file cast of running the nation's ag-: ^cultural establishment, aggregate' kUercst charges on the farm mortgage debt have shown a marked decline in recent years and are now ftt the lowest level on record in relation to cash farm income, the Institute of Life Insurance reported today bused on figures compiled by (he US. Department, of Agrlcul- lure. This development contrasts sharply with the trend of other !ann costs, which have doubled and more in the last decade, the institute stated. It reflects a combination of factors including the biu rise in farm income in the period, substantial net mortgage reduction as compared with prcwat.'ann lower Interest rates charged by prin- ripal farm mortgage lenders among which the life insurance companies Fire prominent, the institute said. $223 Million Interest "Department of Agriculture figures show that in 1948, the latest year available .farm mortgage interest charges in the aggregate added up to $229 millions," the Institute reported. "This was somewhat «bove the comparable figures for the three preceeding years, reflect!n£ nn uptrend In aggregate farm rfl^gage debt in the postwar period, but except for these it was the lowest such total for any such year nlnce 1912. In 1935 farm mortgage Interest charges exceeded S3M millions, or 25 per cent more than the IMS figure. "Related to agriculture's earn- hlgs, farm mortgage interest Rharges in 1D48 represented only '[10 of one per cent of cash farm Income. This was the same proportion as in 1947 and was the lowest such relationship for the four dcc- fldes since 1910 for which statistics of this nature have been compiled. 3 Per Cent of Income "As a matter of fact, prior to 1941 farm mortgage interest charges ronsLstently took more than 3 per cent of cash farm income annually. After the first World War, the proportion of aggregate interest charges to total cash farm Income went up sharply from the wartime level and rose to about 6 per cent in 1921 and 1922, In contrast with the present downtrend. The record high rijfjlion.ship for such charges, 11.1 per''cent, was established In 1932 *'hen the mortgage debt burden played an important role in the agricultural distress of the period. "The peak of farm mortgage Interest rates was reached in 1923 when they averaged 6.4 per cent for nil lenders. Since then the rate has Rone steadily downward and in 1948 It averaged 4.6 per cent for all lenders, a decline of 28 per cent from the high. Average rates charged by government agencies and life Insurance companies are lower than those of other principal lenders, and have consistently been so. Government lending agencies and life Insurance companies hold approximately two-fifths of the outstanding farm mortgage debt." Wage Fates Increase As an indication of the'trend of fther agriculture costs in the last decade, materials and supplies used rn production were 105 per cent higher in 1948 than in 1939, the in- Ititutc said. Wage rates alone Increased 230 per cent in the period. Farmers '•• living costs advanced sharply at the same time, with prices paid for family maintenance showing an Increase of 125 per cent between 1939 and 1948. "Of great importance, loo, in today's farming costs is that a much larger portion of expenses now represents cash outlays than before," the institute stated. "A major reason is mechanization with its widespread substitution of machines for animal "power. A larger share of farm family living co;ts are now cash expenses as well, reflecting the rapid electrification of rural homes in recent years and 'he general rise in farm living standards. And there is also the factor of the greater burden, which has had Its impact on the farmer as well as the general population." Farm mortgage debt as of the first of this year was estimated at 55.5 billions, the Institute said. This figure represented a gain of about SOW millions above the 32-year low of S4.1 millions established at the beginning of 1946, but it was still a billion dollars below the total farm mortgage debt at the start of the war. Korean Farmers Held by Reds SEOUL, Korea. May 19. W)—The South Korean government said j'es- terday 240 of its young farmers have been captured by trickery and forced into a Communist North Korea labor battalion. The Ministry of Agriculture told this story: For 2,000 years rlcelands south of the 38th parallel have been watered from lakes north of the line. Since the Russians occupied North Korea, water was released only on payment of immense quantities of rice. The Norlh Koreans this year asked 300 bonafirte farmers instead of government men to negotiate the contract. The South Koreans sent 260 farmers one month ago. Twenty Just returned. They said the Communist demanded another 1.000 South Korean negotiators — one for every 10 farmers in the ricli Koo Ahm and Ye Ee districts of Kyungti province. This area annually produces about .one-hjilf million bushels of rice on 61.150 acres. Families of Red Captives to Strike TOKYO, May 19. W)— The families of 10,000 Japanese war prisoners still missing In Russia have decided to camp on the doorstep of the Soviet embassy until they find out what happened to the prisoners. The sitdown demonstration Is scheduled for June 12 after a meeting in a park by relatives of the estimated 371,000 Japanese prisoners of war still unaccounted for by the Russians. A vacant lot next to the embassy will be utilizer] by the sitdowncrs. Zenichl Kamijima said the Japanese all have letters or other evidence indicating their relatives are still alive. He said they were bitter about the Russian attitude and "now demand that Russian deceit" must be exposed. The Russians say all Japanese prisoners of war have been repatriated. IT'S HERE! IPEZY-KUT (JtELECTRIC MOWER: ANYONE CAN OPERATE IT * '/2 H.P. V Electric Motor— I No Cranking 0 L Full Ball Bearings Throughout Starts Instantly—Like Turning 3 Lights On Or Off PRICED $ 89 95 f'icc Includes 100 Ft. of Cord ™ No Gasoline—No Fire Hazards ^ 0 No Skinned or Burned Hands 6 Economical—Average Yard Costs 2 to 3c Per Cutting. I Lighr Weight (Approximately 35 LbV.) 0 Very Low Initial Cost 9 , Minimum of Maintenance IU Anyone Can Use It—Women Particularly. Now on Display at Several Dealers in Blyrheyille and vicinity. Ask for Free Demonstration ARKANSAS GROCER CO. Fxc/usiVe Distributors BEET FEAT—In true Chamber of Commerce style Bill Duflock secretary-meager of the to Centre, Calif., chamber, stfrs his coffee' With a (jiant sugar beet grown in the Imperial Val ev Bounrt fnr the sugar factory, the 22-pound beet will make two pcLdfol On Missco Farms by County Agent Keith J. Bilbrcy Insect Control I drove in from Little Rock, late yesterday afternoon nnct it looked to me like every time wo passed n field of oats hi Crlttendcn Couiity there was an airplane strowlng dust all over the field. It appears that they have a healthy crop of nnny- \vorms that, must be controlled if they are going to harvest oats. [ spent an hour with the B. C. Land Company officials last Friday and we worked out plans for control of cutworms. It looked at that time like cutworms might ue pretty bail In the areas where they had turned under vetch. They were going to spray directly over the rows witli liquid toxaphcnc or make use of n tractor dusting machine and throw dust directly over the rows. It usually takers two i>ounds of actual toxaphenc per acre to control armyworms or cutworms. Farm Management I was certainly interested In a map of the B. C. Lund Company property that Mr. Koyt showed me. We have helped them to get a soil analysis on every 40 acres of land they farm. Mr. Hoyt had taken a large map of their property and has written the University of Arkansas fertilizer recommendations on every separate 40 acres. This has been a great help to him in ordering the correct kind and the correct volume of fertilizer for their large operation. At a quick glance he can Id! each farm operator what fertilizer should be used on a Riv- en farm. Soybean Storage I.rans Jllst this morning Mr. Crouch In the PMA Office tells me that the government will continue its lending program to help farmers provide soybean storage in this area. The original plan was for this loan to end June 30. This simply means that if you need additional money to buy soybean storage facilities and cannot get it from other sources, you mr>.y borrow up to 80 per cent ment. If you are interescd in his, I of the cost on storage facilities and have B period ol years /or repas'- ment. If you are interested in this. I suggest you see the man in charge of your PMA Office. Successful i-II Poy I have the Arkansas Agriculturist on my desk. This Is a magazine published by Hie agricultural students at the University of Arkansas. I was glad to sec the smiling face of Perry Lee Adklsson In one of the group pictures. Perry Lee, I believe, graduates this spring after only three years at the university. He was one of the most outstanding 4-H club members this county ever produced. He has had a mast outstanding record at the university and it is my hope that he will return to Mississippi County. His talents are needed here. He Is the son of Mr. and Mrs. R. L. Adklsson. Crop Conditions It seems to me that farming has not been 50 much fun the last few years. The weather has been most unpredictable and it has caused in- ircaser! cost of production. I believe 20 per cent of our cotton will have to be replanted and about that much more will be spot planted. Then, in addition to that, about 20 per cent of our cotton allotment never was planted a first time. Altogether that Is going to make about half of our cotton crop from late to very late In 1950. ' Hog; Houses I sec John Stevens, Jr., has made number of new hog houses recently. Although they may be made from scrap lumber they arc somewhat elaborate for a hog. All clacks arc scaled with tar to make Uiem waterproof. Guard rails are Included to protect young pigs from a careless sow. A hinged door Is in- clwled In each end of the house. The house Is on runners so that it ran be moved easily from one location to another. WMcli reminds me, clean pasture is certainly nn Important thing for a young bunch of pigs. T ' they are on old pasture, they arc sure to Ret wormy, unhealthy, mid will be more expensive to feed. Large roundworms In hogs nrc the most prolific filings I know of. One female may contain from 20 to 27.000,000 eggs. If yon need blueprints on how to build hog houses, all you have to do is ask us for them. fruits, nuts, and vegetables are produced In the state yearly, he notes. About 12 per cent of California's total crop land, olid about 20 per cent of Its Irrigated laud, Is used for this purpose. California Leads In Fruits, Vegetables BERKELEY --Wi— Nearly one- thlrrt of all cash received by American farmers for fresli fruits and vegetables goes to the California farmers, reports Sydney Hoos, University of California economist. Almost 3.500.000 tons of fresh SAVES UP TO 70% OH COST OF CHOPPING So wonderful are the results which uners are getting from the Mayco Cof- ion Chopper, it is almost unbelievable. Here, at lasf, is a sound, simple, and ECONOMICAL answer \o high labor cost. Mounts on cultivator frame in less than (0 minutes. Chops any desired space from 8" to 11" leaving 2 to 4 stalks per Hill. Worts I, 2 or 4 rows in one operation on tractor or horse-drawn cultivator*. Per Pair Plu* Freight SIMPLE ASA WHEEL! Simply adjtiif for depth and length of cut—then worfc your field like you would with a cultivator. Chops evenly 1.1 [ow or high spot*, ar exact depth desired. Ai easy to operate, and coven at many acres per day as cultivator. Remember, money s;.ved or chopping colts is cash in your pocket. Don'r miss seeing this labor, time, and rnone? laving impt«mer* on display now »t a 61 IMPLEMENT CO. Soiilh Hivvnv Gl Phone 2M2 £ C f Hie ,. ** *• « coil f arm fi Bant , "if • • . nail ho* to xre »'Jh the F.rm Income J|riyikgr, be M f c w j,|, lhe 1 repayment Reterve. A«k '» for ihis new booklet ; ,.., field, The Eqm Assurance Socle!?. in TERRY ABSTRACT & REALTY CO. 213 W. Walnut Phone 2381 EilytheviJIe Manganese Aids Plant Growth BERKELEY, Calif. —(/!•)— For some time It tins been known that plants will not grow unless there U manganese In [he soil they feed from. Tills ivns discovered' by plant nutritionists P. K. Stumpf and C. C. Dchvichc of the University of California College of Agriculture. Now, working will, grnrttmte students W. D. Loonils nnd C. Michaelson, they have (omul out why manganese enables a plant to grow. They discovered ti new enzyme fn [limits that enables them to utilize glutamlc aclrl, one ot the building units ol protein. Without manganese, this enzyme doesn't work and the plant stops growing. No other metallic clement Is known to hav« this effect, nnd studies are continuing in the hope of Increasing cron yields. You'll Love Our Flowers! lilytheville FLOWER MART Memphis Hlwiy Phon« M*t McCORMICK No. 125-SPY Self-Propelled Combine WITH NEW FEATURES FOR 195O The McCormick 12-foot self-propelled combine has always been known as an exceptionally "clean thresher" ami "easy handler." Now with added improvements, this year's model gives you still greater efficiency and operating satisfaction. Principal improvements nml features: (1) iovr grain tank . .. you can check on its contents from the scat; (2) unloading elevator enables you to unload the tank without stopping the machine; (3) cniier-running V-belt drives replace many of the former chain drives; (<0 variable-speed cylinder drive permits quick and simple cylinder speed adjustments from 1258 r.p.m. to 488 r.p.m.; (5) wide-tread rcat guide wheels make steering easier over rough or ridged ground. Ask us to tell you more about this latest model McCormickself-propcllcd combine. Remember, it's • grain saver in any kind of crop. tow Qmln lank with powvr vnloacW, 312 South 2nd Phone 6863 WORKING TOGETHER #OU£D BALE.. A Power-Driven TRACTOR RAKE Now, a real tractor rake developed by Allis-Chalmers to handle the hay gently, but fast — to hasten ___ the job of airing the crop. -^sSS&s?^ It's the Hew AlUS-CHALMERS SIDE-DEllVtkY RAKErmd TEDDER Look How it Works Ar Power take-off operation. Two forward reel speerti. Controlled steering — straight windrows. A Reverse pear for tedding. * Wind ">wj ore loose and , . . ' . . • fluff y. with lec/es lucked A Rugged construction. inside. Here is » fake with features you have rffci rnrrftOM always wanted. As): us for full information. 'ipi' tKtt ™ m ' ' ivuyaooY'S JOB I PACKAGE FOR GREEN LEAVES SAtES AND SERVICE Leaves arc scaled within Uie bale, safe and dry. Rolled bale is convenient to handle — will not buckle. I fay unrolls into a wide, soft, leafy mat, appetizing to livestock. Can be fe<T n-iiole in feed rack without waste. Roto-baling is entiiely automatic. The tractor opc-ator is the entice bating crew. For (he first time hay can be baled without matting or slicing. Hay is rolled up like 3. rug, tied with ordinary binder twine. Retains the quality of loose, leafy hay. Bale is weather resistant, easy to feed, easy to handle. The Roto-Baler a the onlymachinethatmakcsarollcd bale. PURPOSELY PLANNED AND PXIUD FOR HOME OWNERSHV RADIO FLASH lliltn (a rh* NATIONAL FARM AND HOME HOU« wilh t»t».;i . . , Evtry Sotur^f:y r f4BC flUIS-CHfllMERS SALES AND SERVICE Paul Byrum implement Co. 122 East Main Your Allis-Chalmers Dealer Phone 4404

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