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Excerpt from The Farm Cost Situation: March 1949 Farm wage rates continued to rise through 1948 and averaged about 6 percent higher than in 1947. Farm wage rates probably will decline during the year in some areas, and the supply for the most part will be adequate. Prices of farm machinery continued to increase during 1948 and averaged about 17 percent higher in 1948 than in 1947. They increased slightly more during 1948 than during 1947. Compared with the prewar base, 1955 - 59, machinery prices are not high compared with farm product prices. New farm machinery plants have been coming into production, and with more adequate supplies of labor and materials conditions are favor able for a further increase in production in 1949. However, with a de cline in 1949 of farm product prices and farm incomes, and with farm machinery prices at record high levels, the quantity of farm machinery purchases by u.s. Farmers in 1949 may be Slightly below the record pur chases in 1948. Stocks of feed grains on January 1 were the largest on record both in total and in relation to the number of grain consuming livestock. Prices of feed grains are expected to average 15 to 20 percent lower in 1949 than in 1948, and it will continue to be profitable to feed milk cows heavily and to feed other livestock to heavier weights. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This 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.