Montana farmer-stockman. [volume], January 01, 1953, Image 1

About Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993

Image provided by: Montana Historical Society; Helena, MT

                
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1953
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How Will It Be in '53
By GILBERT GUSLER
T HE year 1953 probably will be fairly
good for most farmers. Times are likely
to be a little more rugged than in 1952 and
less favorable than four or five other years
of the postwar boom, but the year probably
will be among the best 8 or 10 in a genera
tion.
Farm prices and farm income probably
will be a little lower and production ex
penses may be a little higher than in 1952.
Net farm income is likely to be off, perhaps
by 5 per cent or more. However, most of the
better farmers will be able to save money
and add to their net worth during the year.
The new year is starting less favorably
than 1952. Farm prices are about 10 per
cent lower than a year ago and 5 per cent
below the 1952 average. Although they
loaded more produce for market, farmers
received about 3 per cent less income in the
latest month reported than a year previous.
Production cost rates are about 1 per cent
lower than a year back and 2 per cent be
low the 1952 average.
Times probably will continue exception
ally good in cities and towns during 1953,
Consumer buying power is likely to be 2 to
4 per cent higher than in 1952, although lit
tle of the increase may be used for food pur
chases.
Government spending for defense prob
ably is past the period of most rapid rise
but it will continue up, perhaps by another
WYOMING
MONTANA AND NORTHERN
E
5 to 10 per cent. The latest stretchout may
move the peak to late 1953 or early 1954.
At least, there is no indication of a decline
in 1953. Instead, any changes by the new
administration seem more likely to mean
stepping up arms output to make the enemy
more eager for a truce in Korea.
Business spending for new plants and
equipment and activity in the construction
4t
TRE?C 0? Sftff UAJOB FACTORS Dl THE FAR* OOTIOOK
1935-09 • JoO
frl»M re-»I t ad by
VoluM of fara production
for aal* and hoa* toaruaptioa
<
Prlfi»»
ict.r.
L—1—1—i
farmers , Ium,
- -a w&g« rate»
1. .1, ,i,,l
J L
J—L
E
Agricultural «porta
«W
Faro productioa
. 4 ?
' i Set fara Incoaa
**-Gro«s far« Intoa»"
300 -
r
-.J
rcoMuT«rs* disposal»!«
incom I ■ a
/A
100 =^
qL l-i 1.
•39 '41
y. i
LJULJ
• 43 * 46 * 47 * 49 * 51 *63 * 39 *41 *43 * 45 '47 *49 »51 '53
Source«: 0. S. Department* of Agriculture and Coamrce
•Estlaatas for 1953 afa unofficial.
I LI
Farm production is likely to be near the high level
of recent years. A small increase in consumer income
and lower exports in 1953 probably spell lower aver
age farm prices than in 1952. Slightly lower gross
farm income and little change in production ex
pense will reduce net income of farmers, but it is
likely to be greater in 1953 than in all except a
few recent years.
industry are likely to hold up better than
expected a short time ago. Recent surveys
indicate that they may be about as high as
in 1952. In fact, government economists pre
dict an increase in total construction. A rise
in business confidence since election con
tributed to the change.
These trends in government and busi
ness outlays spell continued full employ
ment and further rise in wage rates. Total
consumer spending probably will be greater
than in 1952 and consumer goods industries
will be busy keeping counters and store
shelves filled.
While the business boom seems likely
to continue or rise to new peaks in 1953,
inflationary pressure on prices is likely to
be slight due to plentitude of supplies. Capa
city to turn out industrial goods probably
is about one-half larger than in 1945 and
has doubled since 1939. It probably is nearly
equal to the task of supplying both civilian
wants and military needs, that is, providing
both butter and guns.
Any increase in consumer spending
seems likely to go largely into industrial
products and services for which demand is
readily expansible rather than into foods.
Consumers are already using 10 to 12 per
cent more food per person than before
World war 2.
Costs and
(Please turn to page 4)