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The year of 14^8 set new records in the farm economic sector according to Ur. Berkwood Farmer. Chief Hconomist with the Virginia Department of Agriculture and C onsumer Services. Cash receipts and net farm incomes are projected to be at record levels for the year. Unfortunately the same is true of farm production expenses and the farm debt.
The billion dollar mark was established for cash receipts tor farm income, farm production expenses and the total farm debt Twothirds of the tarn) debt is in farm mortgages while onethird is non-real estate debt.
Dr Farmer noted that inflation was a ma|or concern of Virginia farmers with increased costs of production inputs and capital items I his not only adversely at feels the profit and lax position of farmers, but the
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