The Hartford republican. (Hartford, Ky.) 18??-1926, 1919-01-10
WILL TAKE over
1919 WHEAT CROP
Government Guaranteed A
Price And Must Make
Ii Good

The United States Government is
preparing to take over the entire
1919 wheat crop, estimated from pre-
liminary reports to be more than L.
900 100000 bushels. and sell IL AT
the worlds market price. TINS will
entail net loss to the Government OF
an amount roughly figured at from
100000 to $500, 200, O00-the
difference between the worlds aver
age market price and the price guar
anteed to the American farmer.
A joint resolution to provide for
this action, approved by the Food
Administration and the Department
of Agriculture, has been prepared for
transmission to Congress and will be
introduced in a few days by Chair
man Lever of the House Committee
on Agriculture. Its adoption is urg-
ed to enable the authorized agencies
to go ahead with their plans for the
tremendous task of taking over the
biggest wheat crop the nation ever
had.
The legislation will provide for
/. Extention of the Food Con-
troll act relating to wheat, especially
such parts of sections IL and IA as
are necessary.
2. Authorization to the President
TO create a new agency for the work
or to continue the Grain Corporation.
3. Placing in the Presidents
hands large fund, not less than
$500, 100000 which would be used
as a revolving fund.
4. Sale of the wheat and for
meeting conditions arising out of the
importation of wheat from foreign
countries
Minor provisions covered will be
presentation of sale of 1919 wheat in
1920 at the Government guarantee.
Details Not Worked Out.
"Just how the details of meeting
the guarantee will have to be worked
out, am unable yet to say" Mr..
my own judgement it will be neces-
sary to take over the entire 1919
wheat crop by the Government, which !
in turn would sell it to the public at |
What would be the prevailing price |
of wheat.
TT is entirely possible, l do not !
thing probable, however, that the |
world price of wheat would save the |
Government any loss at all. This, of |
course. depends upon the amount of |
wheat produced in other large coun-
tries and transportation conditions
Great wheat reserv es ale known 10
he held in Australia. Brazil, India, Ar
gentina, and it is believed the 1919
paintings in those countries will he
exceedingly large. to say nothing Of
increased yields that will re sought
in the European countries engaged
in the war.
The Government guarantee at Chi
cago is $2.26 per bushel. The world
market price is estimated variOusly
az promising to be from $40 to ST.
30 a bushel. The difference between
the low and high prices will be made
up to the American farmer, whose
crop the Government is pledged to
protect at the stipulated figure.
Mr.. Lever declared today it would
be incumbent in the Government to ,
keep faith, having carried on a cam
paign to get a big planting for the
1919 harvest.
Figures of The 1919 Crop.
Here are figures showing the con- ,
diti0ns now confronting the country:
The planting in the fall of 1918 for
winter wheat is estimated at 49,261,- ,
200 acres, an increase of 1876 per cent I
over the winter wheat planted in the
fall of 1917. If the same increase in
spring wheat is made there will be
planted next spring $4,000. 900 acres, &
or a total of 75,26l,O 900 acres.
The normal pre-war export for ten ,
years was 1000, 600 bushels year
ly. The estimate of exports (wheat ,
and four for the 1918 crop are ex- ,
pected to total $40. 600 900 bushels.
- |