Excerpt from The Farm Cost Situation: March 1953Costs and returns prospects in 1953 will differ greatly accord ing to location and type of farm. Costs will continue about at 1952 levels on most types of farms, although some reduction in expenditures will result on those types of farms that make large purchases of feed and livestock. Reductions in net returns will be greatest on those farms whose commodities have had greatest price reductions from 1952, such as beef cattle. Total costs as well as gross income depend upon the scale>of production as well as on the level of prices paid and prices received. At prospective cost-price relationships for 1953, farmers in most areas are likely to continue production at relatively high levels.Farm laborers and supplies of practically all items and mate rials used in farm production are expected to be adequate to meet needs for 1953. Farm wage rates in 1952 averaged about 7 percent above l951 and a little over h times the prewar (1935-39) average.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.