Excerpts from the report: The general outlook is for some improvement in the agricultural situation in 1939. Present conditions suggest that increasing business activity and rising consumer incomes will create a somewhat more favorable domestic market for farm products in the coming year. It is expected that this will more than offset the less favorable foreign prospects. The general level of wholesale commodity prices in the United States is expected to average somewhat higher in 1939 than in 1938. Some increase in prices of farm products as a whole is likely, with the crops in somewhat better price position than livestock products. Farm wages probably will average a little lower in 1939, and the same trend is probable in other important production cost items, including farm machinery and fertilizer.