The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1921-08-25
WHEAT PRODUCTION
SHORT this YEAR
Many Nations in Europe
and India Suffer
From Drouth


today does not compare favorably
with former years according to
julius H. Jacobson, agricultural
statistician. The August forecast Of
seven hundred and fifty-five million
bushels is ffty-four million less than
in July and thirty-two million less
than last year. 10 Is also seventy-six
million bushels less than the i've
year average, 1915 to 1919, the aver
age production for the five years be-
ing eight hundred and thirty-one
million bushels. .u
1.-THE latest reports indicate that
the drought is widespread in Europe
and India, the continuation Of which
will seriously affect spring sown
crops. Conditions in France are said
to be the worst in many years, the
prolonged drough causing keen un-
easiness. Crops in eastern Canada
have suffered from drouth, but the
condition in western provinces are
favorable
In view Of the fact that Idaho has
a wheat crop estimated at twenty six
million bushels the question Of hold
ing the grain in store is of the great
est Importance to the business inter
est of the state. 1t is generally con-
ceded that wheat will 60 higher and
the Importance of the state receiving
the maximum price for its crop Is
apparent.
Section 2O31, Idaho Compiled
Statutes, reads as follows:
1.-The business Of marketing farm
products in this state is hereby de.
clared to be affected with public
interest and to be subject to. regula'
ton and control by the state"
! Section 6179 defines the bonded
warehouse law as follows:
| 1.-THE term public warehouse al
used in this chapter shall be deemed
to mean every building, structure, OF
other protected enclosure in which
any agricultural produce is received
for storage or transfer for compen'
sation; such warehouses are hereby
declared to be public utilities"
4 Following the provisions of the
law above cited, bonded warehouses
! are authorized to receive grain II
storage and issue therefor negoti
able receipt which affords the pro
Queer the very best of security, fully
protected by bond and insurance
policies, for negotiating temporary
loans and availing himself of thu
privilege of holding his grain II he 81
desires. The law Is SO arranged
that 1t is practically impossible fol
anyone to sustain loss by virtue
Iof these negotiable receipts, and 4
d affords the warehouseman a reason
a able compensation for the use of hi
Warehouse and likewise an oppor
1 tunity to buy the wheat when 1t II
offered for sale.
| Warehouses are not requireds t.
give over all their space to storage
but that proportion Of it in keepins
with their usual storage business, re-
serving in most cases One-half o.
their capacity for handling cash bust
ness. The practice of forcing the
farmer to sell direct from the ma
chine should be discouraged, II
would seem, for the reason that hi
is entitled to the full beneflt Of .
rising market and II he is deprived
Of this, in large percentage Of cases
the profits naturally rising there
from accrue to outside interests In
stead of to the business interest Of
Idaho. s~
Bonding warehouses under the
state law is very simple and mex.
pensive process and 1t has tendency
to stimulate production, the most i'm
portant feature in the future build.
ing Of our commercial prosperity
When warehouses are filed, as they
doubtless will be, arrangements car
be made to move this storage what
to terminal elevators and until the
same is sold the farmers, under the
provisions of the warehouse law, are
accorded legal certificate Of storage
which In itself is Of the very highest
collateral value.
This department has mo power to
force dealers to avail themselves OF
the warehouse act except where
storage charges are made, in which
case warehousemen are subject to
heavy penalties. Neither Is this de-
partment advising farmers to store
their, grain, nor to sell It, but It Is,
as required by law, making public a