LIVESTOCK INVENTORIES REPORT - 10991-Jun-1968

(Revised: 06/1968)

The credit for production portion of the farming report will be adjusted for the changes in value of livestock inventories. This adjustment will be referred to as "Natural Increase– Livestock Inventories" in the farming report (see Section 10990). An increase in value of livestock will increase the net credit for production. Conversely, a decrease in the value of livestock will decrease the net credit for production. The amount of this adjustment will be the amount shown on the annual Livestock Inventories Report from the reports required in Section 10991.1. The inventories will be priced as current market value. See the illustration of Livestock Inventories Report on the next page.