New High In Farm Living and Costs of Production Reached

A new all-time high in farm living and production costs was reached in February, according to the U S. Department of Agriculture's parity index. D. U. Livermore, agricultur al economist at VPI, explains that the parity index is the index of prices paid by farmers for goods and se: vices, including interest, taxes, and wage rates. February costs rose one per cent frem January, and were five per cent above a year earlier. Meanwhile, prices received by farmers dropped two per cent dur ing the month, but stood three per cent above a year earlier. Declines were noted in prices for hogs, to