EXCESS Farm Pr0ducti0n_H0w Much? plus the increase in CCC loans extended during 1954
(Continued from page :3) can be taken as an indication of the extent of the _
0 500 [mtu; i»|·;pg~ or zoéggwsr mo price-supported surplus. This figure, when compared ‘
GRM,   with cash receipts from farm marketings plus the A
"**¤**  "·°"""““" value of home consumption in 1954 will give some r
°°""  l°7°`"` °°" ` idea of the proportion of production which was sur-
°’**"‘ ‘°"°"°" §W°°"` `H) plus in 1954, exclusive of nonsupported commodities *
MMV  ;lL_lllm ` (mainly livestock). The net increase in loan and
wilfolu s céneuszw   Il L r inventory values of the CCC operations in 1954 was Y
°°"°"·“’“"‘°  l“°"`* “"“` $1,506,644,000 while cash receipts from farm market- g
°°"°" mlm E°l`°°°"m ings plus the value of home consumption of farm  
sligillilisrfifiicigl aww. lll products amounted to $32,164,353,000 for that same
¤¤"¤*' %‘°°°“‘* ”’ year. This would suggest an overproduction in 1954 Y
°"““ @‘"°’""”' of about 4.7 percent, without any evaluation of the
0Tl;;;°“'L°° m°m`Bl current stocks position in farm commodities relative R
mncco ·¤¤¤···~ ¤¤¤ to emergency reserve needs. G
*°°¤ _"°‘“"·“”·’ At this point, it is logical to ask if the stocks of _, I
‘°"""" 4‘"“" ”“" agricultural products in the hands of the CCC are
(CCE? '>··=·l< v=*'··<‘$ .l¤‘*<>*·‘ <'*‘d**F**<**? Ul ’·‘*"*’*‘ fm l*_***9*· Tlw °$’}“‘“¤*li· too large, too little, or just right as insurance against '°
tres listed account lor over 95% of government price support acurmula-
¤i<»¤s.> an uncertain future. No one can answer this question
Flg‘ l"'_Tll° "lalm farm Pmllllcls llhgovcmmem loan mi with certainty. In the event of major war or a severe 9
ownership, May 51, 1955. The largest items are wheat, corn _ . _ _ _ _
and muon huldingsl dlrouth affecting large sections of the country, the jp
size of the stock may be too small. On the other hand, g .
farm commodities and exports. Governmentstocks of if lll) major Wal flavelops and if lallllall Collllmles r
wheat exceed a yearls use and exports by more than ample Oval. lllosl Ol the Umlefl Slal€S> those Stofks Q
20 percent, and four other products—nplarrd cotton, may Cert lla lali more than they me Wollll Olle llllllg
cotton linters, barley and grain sorghrnn—are repre- all of lla lflmw is that Callylllg my lflllfl Ol_l€S€lV€ tl
sented in government holdings by more than a half- Stock as lllsllllallce agalllsl an ullceflalll llllllm lllvolves M
y(·m·‘S lm. and Qxpm-tS_ a cost. Individually and collectively, for the country L, ‘
Fmm H (jijjrvwut point of wmv, the iucmusc in the as a whole, the returns from such insurance must at LI
cost value of government inventories of farm products léaal equal llle Cost
PERCENT •
CHAINS: °-——-—-i°——;li)—--——°i°~ -·-H? - "i° `€.°#... lip` SuI°V€y Shows GI`OW1I1g
Z3'?   j Importance of Television i`
GHMMSOHGMUM   l The increasing importance of television as an aid ;
www   i in presenting farming information is shown in results
cowéu 8 mmngmv M [ of a recent survey·made by members of the Depart- Q
www Umm   j ment of Rural Sociology. X
C0,.0,,.,,,,,L,,5   I In a county of the Outer Bluegrass Area, located M
¤0nmm0..   p about 50 miles from the nearest television station, ~
¤¤$:T;’;*°¤U¤’5· %i   over 40 percent of the farm operators in 13 neighbor- (
mm   p hoods reported that they had received some·farming
DMD MM   I information from programs. F rve years earlier there a
Umm { j were virtually no televrsron sets in the area.
'°“*°°°   l Radio, newspapers, and other communication media G-
"°°L   were reported as sources of farrnirrg information about __
5°"""“ A as often in 1950 as in 1955. Radio continued to be   i
(Use ineltules dnun·stit· .·....t..K.QK..}....i exports wlien appliualwlt- at 1953 til? m(‘(llUUl lU()St Ul@UtiOU€(l~ \Vlth   D€1`€€Ut of the ll
  l§.;`%`ll]lS SlI()\\'S (11C l)l`()l)()I`li()lI ol` Rl §`{‘1ll`lS Hlllll USC of ()]`)€I·ut()I‘S swaying they l.€C€lV€(l iuforlllatiou fron] tl];-It *
the major farnr products being held in government loan or Sflllllcla (C" Paul xlalislb lallles N- Young and A· I-#66
ownership. May Ill. 1955. (lOl€m2U1) Ai
4 Krtx’reesY .-\t;arcULrUaAr. Exenrnmrsxr Srrxrrox  
G