Saturday, March 10, 2012

1934 Was Good Year for N.C. Farmers

March, 1935, issue of the Carolina Co-Operator (formerly The Carolina Cotton Grower)

The jingle of dollars in the pockets of North Carolina farmers sounds louder now than it has in more than a decade.

One of the things contributing to the increased income of state farmers is the total of $13,141,978.98 they have received in rental and benefit payments from the AAA up to December 31, 1934.

Cotton growers received the largest amount: $7,090,603.16; tobacco growers, $5,658,055.02; corn-hog growers, $323,125.01; wheat growers, $70,195.79.

“The rental and benefit payments were made to the growers for adjusting their production,” said Dean I.O. Schaub, “but the higher prices received for the commodities have brought an even greater increase in income.”

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