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High Demand Predicted
For Farm Products
Rising demand for farm prod* ucts and • 15 per eent increase in net farm income, is predicted for 1951 by agricultural econo* mists at V.EJL •
The economists say that not* withstanding the sharp declines in prices and income in the past two years, farmers in general are in a sound position financially. Bank deposits in rural areas have declined only moderately, and the Value of farms has declined but. slightly.
A survey 4n mld-1949 showed that nearly two-thirds of Virginia farmers had debts of less than $50. .Farms sire well equipped 4 With machinery and livestock and are in excellent condition for a ’.high level of production. 4 Non-farm income to farm fami* lies likely will be moderately highi dr in 19-51. There probably will I be some drain of workers from /the farms to cities, but the shift | hm*t expected to be large enough i to endanger output of needed | food " an.d fiber. • ** ‘| I Food consumption is expected | to he three per cent higher next .year than during the past three ’ y««w. Supplies of many food*-# .? livestock products, margarine, fresh fruits mid Vegetables and ■ processed vegetable*—may be lar* J ger. On the other hand, somewhat i smaller supplies of canned fish
Iff '"**&*» arsexpectmi.; I1'.* . . V’ ' r*",-*- -V’ -V- ^ „ / ’ ... if
42.3%