Agricultural marketing revolving fund

Bibliographic data

Monograph

Identifikator:: 1830514946

URN:: urn:nbn:de:zbw-retromon-221271

Document type:: Monograph

Title:: Agricultural marketing revolving fund

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1930

Scope:: II, 39 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Monday, december 15, 1930. Federal farm board. Statements of Alexander Legge, chairman; James C. Stone, vice chairman; and Chris L. Christensen, executive secretary

Collection:: Economics Books

10 AGRICULTURAL MARKETING REVOLVING FUND 10 per cent in the wheat acreage to a decrease of 6 per cent, it would appear that they are going in the right direction. Besides, you have a lot of prairie that is just coming into wheat in Kansas, or a lot of new ground. In view of that, a 6 per cent reduction in the acreage is a substantial contribution. Mr. McLaughlin, out in Nebraska, a State which produces only about half the quantity of wheat that is raised in Kansas, says that they have raised their winter planting. Mr. Ayres. Did Mr. Mohler give any reasons for that reduction? Mr. Leer. Not in detail. There are various things that con- ‘ributed to it. One, of course, is t"e econoniic reason, with the price of wheat so absurdly low. )klahoma has made a larger reduction relatively than Kansas. "hat is in the heart of the Winter Wheat Belt. Mr. Ayres. Yes; but they can produce cotton and many things that we can not produce in the what-producing section of Kansas. There is one other question: You made a very interesting state- ment a while ago to the effect that the relative price of wheat during this year has been about the same as in previous years—-— Mr. Luger (interposing). Did I say that the price was about the same ? Mr. Ayres. That is what I understood you to say. Mr. Lrcee. That is a mistake. I did not intend to say that. Mr. Ayres. I may have misunderstood you. Was your state- ment with regard to the wheat purchased in prior months? Mr. Lecer. I was talking in quantities. I did not make any statement with reference to the price, except I said that the price aow is 20 cents per bushel above the export parity, or what it would ring if it were shipped to the Liverpool market. Mr. Ayres. Can you make a comparison of the price of wheat {uring the months of July, August, and September, of this year, #ith the price during the same months in 1929 and 1928? Mr. Lace. They are very much lower than in either of those previous years. That is practically true of all commodity prices. Especially is that true when you make the comparison with 1929, As you may remember, we had a little excitement in wheat in the season of 1929, owing to a short production, which, it was thought, would wipe out the surplus. Some of the oldest men in the grain trade thought that it would wipe out the surplus. Mr. Ayres. How much greater was the production of wheat in the United States in 1930 than it was in 1929? Mr. Lrcee. Do you mean how much it increased? Mr. AYres. Yes. Mr. Lecce. Only about 40,000,000 bushels. "0, Ayres. How much was the vroduction in 1930 over that of Mr. LrcGe. It was less than the 1928 production. 1928 was a urna crop vear. In 1928 the production was around 915,000,000 hushels. . Mr. Ayres. The world production in 1930 was about 30.000.000 sushels more than 1t was in 1929; is that correct? Mr. Lrece. No; I think it is rather more. The world production, so far as reported, exclusive of Russia and China is 5 per cent above the production of last year.

Access restriction

Copyright

fullscreen: Agricultural marketing revolving fund

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation