The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-17


I doubt whether the people 81 tho
cana realise iuft what has happened
10 the fasfatss Of the predueina Sec
tons. Take tho grain and live stock
producing couniry Of the central
wrst. for example. n I speak %
fnla because Il b. the rrnlun with
which am lnosi familiar and aisu
hccanee Il u ihU region which gives
- o4l aIt1t surplus crona We have
M nnral rural cltIl-upn' AIKEN ~
a whole. tho worId has ever setns our
fnrmcfa ntefnNn tfry hinh IN inteli-
ronce. lhty produce more per man
than almost any other farmer In thu
world. they have adopted the o
advanced atalfn of extensive farm
Inn yet Developed. Notwithstanding
ait tbls they ore low ~ > 80 try-
Ing period and arr AniitfinN rrfef"
naanrld lon.4t. fafmelH thfpuEh-
out the inuun. especially thofc y
the aouth and Wcst. are ekplticncirs
exactly the same tfuuble. The co.'s
ton lrmcfH Ol the south. the flcc
farmers mel cattle and sheep grow
err % the FAR west. the fruit grow
ers. al nre passing through this same
valley 81 ACKNOWLEDGEMENT and iirhn
Psonie who are moi familiar with
arrirnliufr fnd u hard 20 under
stand tie hiuatioil They refuse 10
believe that the ~deprtaaIon u a. scrl-
Gus a. II really IN They point 70
the hlrh value Of oug Land. % the
hirh Nflrrt VI which nfm pruoucta
we're selling prior 10 this heavy drop.
20 The large nunfHpr ~
owned ~ farmers. 90 the apparent
wealth and comfort un every side;
and they fefifr to take seriously
What the farmers say conserving.
their trouhlce.
Fnrsn Cnsls Ncty High
These arc tNo c4nses Tor this vide
spread arfIcuitnral depression. one
~ the hlnh cost Of production last
year. n we include al the factors
which properly enter Into the cost Of
PRODUCTION, We find. FOR example. that
the cost 81 producing p hushcl OF
corn Ia Iowa. the greatest corn state.
was more than 80 cents. This In
rludes The land cost. the labor cost
and everythine eis which ought 20
b Included.
Tag the land nj On inflated price. You
should not do that. The farmer did
not pay that price for the land. He
wants dividends on water
It H. true that h land charge Il
considered on the basis 81 IL value
a year ago. hut q r. ais true that
the advance IN iaad prices was not
nearly a. great as many .pcople sup
roee They hear Of The occasional
raies AZ $500 % sb0Q Ia acreaand as
eume That that represents the aver
age. Nothing o. the SORT. The aver
axe advance IN the value or our rich
corn helt lard was only about a
per cent above pre-war values y
must he remembered aiao that In the
principal corn states over half the
land A. farmed ~ tenants and those
tenants mostly had 90 pay rent on
she basis o. the advanced land values.
II Is true further that II we omit the
land charge altogether. M price
which tho farmcr can Eef tor "a hushel
81 corn O. atiil considerably what d
cost him to produce a. The largest
item 81 cost IN corn production &
not land hut labor.
The man who has hcen farminr
hIs own land and who has saved his
money has prospcrcd. The five years
nrlor 10 1890 were profitable years
especially 10 the grain farmer Whf
wns 10 fortunate az 20 have goos
crops. n he exercised ordinary In
teiliecncc he made more money thar
he ever before made al FARMING.
Those years were not so profitable q
the livestock farmer. The man VIII
grew his own live stock and rraii
and fed his grain TO the live stock
on tho whole. made money although
not ~ much az n ne had soid IN
ernin instead 81 feeding a. The maj
who bought tho live stock and boagh
the grain and fed the grail
10 the live stock. on the aver
axe. lost money. when hogs wer'
selling az $40 per h~undredweigh
everybody seemed 10 think D hos
feeder was growing rich. but mos
Of the time whom hogs were hclini
Al thogo high figures the men wh'
had 20 buy The grain to q the hog
lost money.
Priccs Drop Faster Than Costs.
The arcond cause Of the farmer
trouble IT, this. Prices Of farm prod
ucts haze dropped out OF an pro
portion 20 b prices 81 other things
a. well as out ~ an proportion q
ihe cost ~ production
For example. the price of corn nns
OATS today on fhe Iowa farm b. ahou
20 per cent below The normal prize
Of these crops before the Tn
present gflce ~ fat cattle and o.
hogs h from 20 20 % per cent allow
the prcwar normal II We take chi
caro prices. but on the farm thI
prlccs Of both cattle and hogs AT
down % prowar normal.
Nov note the prices Of some o
DON'T WASTE TIME