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

Structure type:: Chapter

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

Collection:: Economics Books

THE HOLDING MOVEMENT IN AGRICULTURE 279 huge supply and the export demand was almost negligible. “It 1s apparent,” wrote an authority, “that the price of raisins f.o.b. San Francisco is too high to include raisins for export.” (Western Canner & Packer, August, 1922.) By 1923 production had mounted to 275,000 tons—an increase over 1912 of 267 per cent; and in that year prices to growers fell below those of 1912. (Sun Maid Raisin Year Book, 1926, p. 8.) In 1924, the gross sales of the Association were only $15,600,000, as compared with $44,000,000 in 1920. And prices to growers fell below 3 cents a pound—that is, decidedly below the pre-war level. (Ibid, p. 8.) In 1923 advertising costs reached the maximum of $3,856,000 and in 1924 they were $2,539,000, or 16.26 per cent of the gross receipts. (Ibid., p. 8.) In 1918 the association entered into a contract with the growers to purchase their raisins at a minimum price of 3.5 cents a pound for the years 1918, 1919, and 1920, with a clause providing that the growers had the privilege of extending this contract for three more years. When, however, prices of raisins rapidly advanced, growers tried to repudiate their contracts, believing that they could get better prices outside the association. The association sought redress in the courts and growers were enjoined from selling their product elsewhere. But with the collapse of the raisin market and the consequent financial distress of the asso- ciation, the contracts with the growers were automatically can- celled. While the association has been reorganized and new men have been placed in control, growers are dissatisfied; and, although, owing to the utter lack of frankness on the part of the officials, it is impossible to discover from the reports of the association just what it is accomplishing, the statistics just quoted are quite sufficient to show that the association has signally failed to win satisfactory prices for its members. He who runs may read this sorry tale of an attempt to work against economic laws instead of with them. For a number of years one of the most persistent demands that the farmer shall be put in a position to hold his product for higher prices has come from our wheat growers. In 1900, although the after harvest prices of wheat were still very high, they had receded from the war peak and farmers refused to sell at what they considered a low price level and cooperative wheat pools

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