'#
WASHINGTON Far- “Total cash receipts,
mers’ net cash income, a including government
measure of cash flow in the payments, are forecast to
farm sector, is forecast to reach above $142 billion m
show a 10 to 12 percent 1980, up about 5 percent from
decline in 1980, the U.S. the previous record of $136
Department of Agriculture's billion set last year. But cash
chief economist estimated. expenses are forecast to
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12% drop
in net farm income predicted
increase about $lO billion
from 1979, more than off
setting the $6 billion gam in
receipts,” Howard W. Hjort
told state committee
members and state
executive directors of the
Agricultural Stabilization
and Conservation Service
meeting here.
“Producers of meat
animals and eggs will ex
perience most of the decline
while dairy, gram and cotton
producers-expect for those
m areas hardest hit by this
summer’s hot, dry
weather—will show the best
economic performance m
1980.”
Hjort also said that net
farm income—the
traditional measurement of
farm mcome prospects—
would be about a quarter to a
fifth below the final 1979
estimate of about $32 billion.
“Considering recent crop
and livestock market con
ditions, 1930 net farm in
Lancaster Farming, Saturday, September 13,1980—C33
come, including the forecast
value of the inventory
change, could range between
$24 and $26 billion. However,
because actual data on 1980
farm marketings will not be
available until next summer,
we will not have our final
estimate until that tune,
Hjort said.
“The major source of
these sharp percentage
declines m net farm mcome
is the abnormally large
increase m the inventories of
farm commodities at the end
of 1979. The value of the
inventory change is included
m the national mcome ac
counts, published by the U.S.
Department of Commerce,
even though farmers have
not actually received cash
mcome from them.
“The $32 billion figure for
1979 and the projected $24 to
Broiler housing seminar
set for October 1
GEORGETOWN, Del. -
This year’s National Broiler
Housing Seminar is
scheduled for October 1 at
the University of Delaware
Substation near
Georgetown. The program
starts at 8:30 a.m. and ends
at 3:15 p.m.
Key topics to be covered at
this year’s seminar include
energy conservation, heat
stress and the animal rights
issue. On the subject of
conserving energy in broiler
production, agricultural
engineers from the
Universities of Delaware
and Maryland will discuss;
heating systems, automatic
air inlets, and a comparison
of brooding practices.
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$26 billion for 1980 reflect the
traditional measurements of
net farm income,” Hjort
said. “Ihere has been no
redefinition of this concept.
It continues to allow for the
value of dwellings,
depreciation, crop and
livestock inventories. But
this concept does not reflect
producers’ cash flow which
is especially critical in times
of rapidly rising input
costs.”
“This year, cash receipts
from marketings indicate
many producers sold in
ventories they had from
earlier crops this year,
thereby helpmg to boost
1980’s total cash income to
$142 billion. Cash expenses
for the farm sector are
estimated to be $lO9 billion m
1980, compared to $99 billion
in 1979,” he said.
There will also be
presentations on the
University of Delaware’s
new solar research system;
stress-causes, effects and
bird adaptation; lighting
systems research at the
University of Maryland; and
reinsulation of existing
broiler houses. There will
also be a talk on “Cast and
the Washington Scene, In
cluding the Animal Rights
Issue.”
Registration costs $lO per
person and includes lunch, a
copy of the proceedings,
coffee and doughnuts.
Deadline for registration is
September 26.
The seminar, now in its
19th year, is sponsored by
the Cooperative Extension
Services of Delaware and
Maryland and the Delmarva
Poultry Industry, Inc.
For further information,
contact University of
Delaware extension poultry
specialist George
Chaloupka, R.D. 2, Box 48,
Georgetown, DE 19947
302/856-5250