INDEX OF PRICES RECEIVED BY FARMERS, UNITED STATES
(Base period 1910 14 = 100)

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1/ Adjusted parity ratio which includes government payments averaged
81 for year 1969 and on Jan. 15, 1971 the adjusted ratio was 72.
2/ Includes sweet potatoes and dry edible beans.

Source: Agricultural Prices, USDA, monthly issues; Bureau of Labor
Statistics

Adjusted parity ratio which includes government payments averaged
77 for year 1970 and on Jan. 1, 1971 the adjusted ratio was 72.

2/ Interest payable per acre on farm real estate debt.

3/ Farm real estate taxes payable per acre (levied in preceding year).
4/ Seasonally adjusted. 5/ Dec. 15, 1970. 6/ Sept. 15, 1970

SOURCE:

Agricultural Prices, USDA, monthly issues.

1/ Includes average value of marketing certificate or price support payment. 2/ Average of all eggs sold by farmers, including hatching and sold at retail.

SOURCE: Field and Seed Crops Production and Value, USDA.

"GROSS NATIONAL PRODUCT HAS INCREASED 320.7 PERCENT
SINCE 1947 WITH NON-FARM GROUPS SHARING SUBSTANTIALLY
IN THE INCREASE IN THE NATION'S GROWTH. BUT FARMERS'
NET INCOME HAS INCREASED BY ONLY 4.9 PERCENT SINCE 1947."

1/ Seasonally adjusted rate, end of 4th quarter or latest information. 2/ Including net inventory change.

3/ Current dollars.

Source: Economic Indicators, published by President's Council of

Economic Advisers, January 1971