Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

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Title:: The holding movement in agriculture / Jesse E. Pope

Collection:: Economics Books

266 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK Monta oF HicHEST PRICE Commodity Cotton ly ES ee July pes". ." . Dec. .May teed uly Jan. oes Mar ee guly me | caJune The belief that prices immediately after harvest are unduly depressed by the too rapid movement to market is strongly intrenched in the Department of Agriculture, and it is not strange, therefore, that the advocates of the holding movement have drawn their inspiration chiefly from this Department. Among the arguments put forth by the Department in advocating the estab- lishment of licensed warehouses was the argument that such warehouses would enable the farmer to store his products and hold them for satisfactory prices. (Bulletin 277, p. 304.) The Department also took the initiative in demanding that the farmers be given more adequate credit facilities for holding and it actively supported the Intermediate Credit Act. Credit for holding is given much attention in the 1921 Year Book of the Department and it will not be out of place to call attention to some of the arguments therein set forth. After the various needs of the wheat farmer for credit have been dis- cussed, the statement is made that, “Credit is also needed in case prices at threshing time are so low that holding the wheat seems desirable” . . . “the large part of the wheat crop is marketed in a few months after harvest which causes a rapid decline in prices during the first few months of the new crop year. This is one of the principal causes for the need of credit for storing grain. Rapid release of a large volume of the crop, however, may have the effect of congesting transportation and storage facilities and depressing the price. By market credit, in so far as the farmer is concerned, is meant chiefly the credit which is needed after the grain has been harvested and which will enable him to market his grain in an orderly manner.” It will be interesting to review briefly the statistics presented in this same volume in support of the views just presented. On Corn re

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