Farmers' Income, 1937

From the April 1937 issue of The Nation’s Agriculture

Farmers sold $626 million worth of farm products in January as compared with $550 million in January a year ago, the Bureau of Agricultural Economics has reported.

This 14 per cent gain in income was entirely the result of higher prices and was made despite a 6 per cent decrease in the volume of sales. Prices of farm products averaged 20 per cent higher than in January 1936, with prices of grains, tobacco and potatoes showing the greatest increase. Larger receipts from apples and a number of truck crops also contributed to the month’s gain in income.