. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. THE OUTLOOK FOR DAIBY PRODUCTS IN 19^6 By L. F. Stice, Extension Marketing Specialist Thus far In the World War II period unit returns (prices plus government In- centive payments) have been consistently higher than In World War I (see chart). Re- turns to farmers for dairy products In 19^6 are expected to "be moderately lower than In 19^ and 19^+5* "but there is no Indication of such a sharp decline as occurred In 1921. Both military sind export demands vlll "be re
. Illinois farmers' outlook letter [microform]. Agriculture -- Illinois; Agriculture -- Economic aspects Illinois. THE OUTLOOK FOR DAIBY PRODUCTS IN 19^6 By L. F. Stice, Extension Marketing Specialist Thus far In the World War II period unit returns (prices plus government In- centive payments) have been consistently higher than In World War I (see chart). Re- turns to farmers for dairy products In 19^6 are expected to "be moderately lower than In 19^ and 19^+5* "but there is no Indication of such a sharp decline as occurred In 1921. Both military sind export demands vlll "be reduced, but milk: production Is also expected to be lower than In 19^5* The actual level of returns to dairy producers In 19^ will depend partly upon government action with respect to dubsldles and price ceilings. Dairy production payments have been announced through March 19^> and funds for both production pay- ments and processor subsidies have been provided thixjugh June 19^6. The expiration date of price ceilings has not been announced, but their removal will likely result in price declines for whole milk and some Increase In butterfat prices. At present price ceilings, supplies of butter will continue to be short of demand, while supplies of manufactured whole milk products will be adequate to meet a declining demand. PRICES RECEIVED BY FARMERS FOR DAIRY PRODUCTS, , BY MONTHS, I91U-I92I AND 1959-191^5 (Index numbers, 1910-191^=100) Percen-t 260 ,, 2k0 - 220 — 200 - 180 - 160 — llvO — 120 - / 100 , ^^^^^ * 80 Price plus production payments ^^ 1959-19^^5 ^ ^. XLU "??"'?"""?" 'I '' "I ^-1921 "? " I" ? ii.!. III. iM . li .m I n ' 1 > I .. -I .1 iliM- II ' ? ..tt'n 1939 191*0 19li-l 19*^2 19U5 19^14- 19^5 19*^6 I91IV 1915 1916 1917 1918 1919 1920 1921 260 240 220 200 180 160 ll+O 120 100 80. Please note that these images are extracted from scanned page images that may have been digitally enhanced for
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