Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-11-18
FARMERS NEED
CREDIT TOHOLD
WHEAT FOR RISE

chicago. Nov. l.-Whiie not fayorifi z
a grain strike for any set price.
sentiment among organized farmers in
the great agricultural states of the mid
die west runs strongly toward hold
ing back grain as far as practicable
for better prices. according to can
vass made here. This survey of senti-
ment was taken by the Illinois Agri-
cultural Association.
Reports were received by secretaries
OF state farm bureau declarations III
Missouri, Minnesota South Dakota,
Kansas. Nebraska. Iowa, Wisconsin
and Kentucky. In no cases did
state federation report it had advised
strike
Need Of credit facilities to enable
farmers to hold their wheat if they
want to was pointed out from several
states One state secretary wrote he
was using the present conditions as
an argument in favor of the farmers
getting into the big marketing game
in such way that they will be able
to finance it and TO store considerable
of the grain as it is offered
The attitude / have taken in the
matter is this wrote H. D. Lutte. of
Lincoln. Neb., secretary of the Ne
braska Farm Bureau Federation. that
II is wrong to set an arbitrary price
Of s. a bushel and that it is hardly
advisable to ask the farmers to hold
their wheat unless we are in a posi-
ton to help them on the financial AMI
storage ends of the game. But l do
tell the farmers that / believe whea,
will be higher and that it will be a good
thing to hold it If they are in posi-
ton to do So
Writing that the South Dakota Farm
Bureau Federation docs not believe
a 'wheatstrike' necessary or desira Bile
for the country" Secretary ?. J.
Crandall Of Huron said, "our method
of handling the situation is to fur
nish farmers with accurate informa-
ton regarding the wheat market 10
help them in determining what action
is best for their needs. The farmers
will hold their wheat off the marke,
without doubt if they are able to get
credit which will allow them to carry
their products. The credit situation is
the key to the whole matter. We are
advising that the world wheat situa-
ton, warrants holding of the crop sif
credit allows and using our best efforts
to help bring financial relief"
Omcially the Missouri Farm Bureau
Federation has made no recommended
ton. A. J. Meyer. at Columbia. exeeu-
tive secretary. wrote. LAS individ-
uals." he added. "all members of our
executive committee take the attitude
that where farmers can afford TO Lold
wheat they should by all means do so.
This is on the theory that present
prices are about as low as we can
reasonably expect them to go. Since
We are. not in a position to guaran-
tee s. wheat. We can hardly advise
farmers to hold for 81
The Wisconsin Farm Bureau Fed
GRAFTON does not endorse Strikes as
means Of controlling the price of farm
products. wrote Secretary c. A. Pc
tiers. Of Rosendale. Wis. According to
the present situation in regard to wheat
We believe that the low prices are I'M
justifiable and that it would be goo.i
business policy for the farmers to dis
continue heavy marketing and allow
the market to adjust itself"
From Iowa. E. II. Cunningham. Of
Ames. secretary of the Iowa Farm Blu
reau Federation. wrote. I'VE realize
that II is the most difIicuIt thing to
hold grain and We do not recommend
that IL be held to arbitrarily force
prices to unreasonable height
.'Of course we have no credit system
whereby we can hold all the grains of
the country. but we are advising our
farmers to slow down in marketing
for the present until this period of
decentralization in prices has somewhat
recovered"
The Lord Mayor Of London is called
upon to make an average OF nearly