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That's the outlook as seen by Dr. Harry Love, head of agricultural economics department at VPI. He says individual farmers Jikely will find more ways to improve their net incomes by reducing production costs. However, he warns agaihst trying to do this by such means as sharply reducing the use of fertilizer or some other item of cash outlay.
The most ominous cloud of the economic horizon for farmers in Dr. Love’s belief is the problem of controling production and finding profitble uses for the resulting idle acres. Acreage allotments have already been indicted for wheat, -cotton, tobacco, peanuts and probably corn. The land to be liverted from the production of these crops may total about 35,000,000 acres. A producer of one controlled crop can’t shift acreage diverted from that crop into another controlled crop. Since the controls apply to such a large part of the total crop acreage, there will be limited opportunity for making profitble use of diverted acres.
It is possible, Dr. Love says, that in shifting the diverted acres to other uses farmers may add to the difficulties of others and fail to help them selves very much. For instance, many farmers will undoubtedly tend to
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