FARMING A BUSINESS PROPOSITION
Farming A Business Proposition [From THE GALESVILLE REPUBLICAN] MUCH is heard of the desperate situation of the farming industry. No one will seek to deny that the fanner has and is still having...
...The 1939 reports of farmer bankruptcies show a decrease compared with the bankruptcies In 1938...
...For the entire nation, farm bankruptcies in 1939 were the smallest in eighteen years...
...More than half of all the bankruptcies among farmers last year were in the Middle Atlantic and North Central states...
...No one will seek to deny that the fanner has and is still having his trials...
...Of this number, less than 6 per cctit was among farmers...
...from the indiscriminate cutting of timber, reducing moisture and contributing to soil erosion, the farmer today has something more to do than merely plant his fields and harvest a crop...
...These new conditions, added to those enumerated above, have much to do with the farming situation...
...But that there is improvement is shown by a report of the United States Department of Agriculture...
...For the nation as a whole, there were 1,422 cases of farmer bankruptcies last year compared with 1,799 reported for the 1938 fiscal year...
...Farming is a business...
...There was a total of 977 bankruptcies in the state last year...
...WITH impoverished soil, due to lack of foresight...
...That is true of every line...
...Bankruptcies of Wisconsin farmers last year were below the number In 1938...
...Only by the employment of business methods can a farmer succeed...
...With the present 1,422 cases there has been a decrease of 76 per cent in the number of bankruptcies among farmers since 1933...
...There are merchants and manufacturers and lawyers and doctors, and buyers and shippers, who fail of even a small degree of success because of lack of application, or because they are unfitted for the avocation they have selected or to which they have succeeded...
...In many instances just what has been and still is the source of the trouble is not clear...
...THE current figure for bankruptcies among farmers in the United States is the lowest reported since 1927, and it is 82 per cent below the number in 1925, when a peak was reached, according to the Bureau of Agricultural Economics...
...The decrease in farmer bankruptcies Is a continuation of a decline that has been apparent since 1933 when 5,917 cases were reported...
Vol. 10 • April 1940 • No. 16
