OCR Text |
Show -11- 1956) within this group of 25 families is summarized as follows: Income Group No. Families $1,000-$2,000....................................................4 2,001- 3,000....................................................4 3,001- 4,000....................................................7 4,001- 5,000....................................................4 5,001- 6,000....................................................1 6,001- 7,000....................................................2 7,001- 8,000....................................................2 8,001- over......................................................1 Median gross farm income falls at between $3,000-$3,500 per annum (in 1956), with the wide range ($1,202.24 to $8,093.34) noted above. The primary reason for the wide disparity in gross income is simply that some individuals are better farmers than others. The highest gross income received by a colonist farmer for 1956 was $13,485 (by an individual who manages his own farm budget, and who is among the 42 families who do not receive the Agency budgeting services). The production and income potential of the farm land is great, and actual productivity is determined primarily by the skill and industry of the individual farmer. Of the 25 families served by the controlled budget program, loan repayments in 1956 ranged from nothing to $1,500, with an average repayment of about $668. (A total of $13,363.60 was received in loan repayment installments from 20 of the 25 farmers.) Farm loans ranged from $35OO-$6OOO per family, and were used for the purchase of necessary equpiment, housing, etc., at the time the colonist received his land assign- |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |