Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-06-05
SURVEY SHOWS
DIVERSIFIED
FARMING PAYS
Ten Year Crop Analysis,
Figures Prepared By Min
neapolis Banker

Butter fat has Increased steadily in
price with very little fuctuation for
the last ten years, according to data
prepared by Edward w.. Decker,
president Of the Northwestern Ma
tional bank Of Minneapolis, and pub
lished this month In survey, IA
Further Plea Tor Diversified Farm
Ing !
in Minneapolis for No. / Northern
wheat, No: : yellow corn, No. 8 white
at South st. Paul Cor beef steers; and
the average price paid for butterfat
by Minnesota creameries. Costs OF
production. including farm labor.
taxes, machinery, threshinE costs and
freight rates, mako UP another port
of the survey.
steadincss In Prices.
I. The outstanding feature OF the in
formation collected is 'ttae fact that
buttcrfat; eggs and poultry show q
smaller drop from the high prices of
1919 and 1920 than do grains, live
stock and wool, and an advance
steadv, though not as great during the
period of rising prices. Using a scale
with 1919 prices as 100, wheat prices
reached The 500 mark in 1919; beef
steers reached 26v. wool 500 and but
teriat 210. With the exception of
buttcrfat, prices fell in 1924 approx
mately to the 1911 level, designated
lin the table as 100. Since the COM
ptlaattttot or the figures from which the
dergone:s an increase which is not
shown in~thts charts and tables.
Mr.. Decker says: The prosperity
of the limited. States. and particularly
of the. Ninth. Federal Reserve. District
is necessarily. very. largely. dependent
on the success of agriculture. We are
therefore, all Of us, no matter what
our line OF business, -vital!y interested
in anything. which viii improve its
condition. and prospects.
I'm the Ninth. District wheat rats
ing will doubtless always 10 an NJ
portant factor, and We are interested
in. all. movements looking { Its sue
cessfnr operation. such as the eradica,
eliminating black rust, and other
movements OF a similar kind.
at is also, i1nportant to,considerthe
Tying his efforts as to eliminate to The
greatest. possible. extent the pcssibili'
.ty Of partial or. complete failure o.
returns from. his years work:
suggests, Help Exchange.
I'VE therefore have had compiled
some figures showing prices ofSfar,r
products and costs, on a northwestern
basis, '~andIcovering a ten-year period
These We have obtained from tn
most reliable sources. and we believe
| they are. substantially correct, The.
1ndicatc observation-disclosures Of: having :;
few cows. chickens, pigs. etc, in ad
dition to the production Of small
grains, These figures, we believe
will be very useful, az well as inter
csting, to all concerned in the. success
Of the farmer. Particular attention
is called to the. steady advance Of tn
price Of b~utterfat by years, indicat
ing very little fluctuation, while man.
other products have fuctuatod VIC
lently.
."sThe increased cost Of threshin'
ought to suggest the exchange OF he'll
between farmers at threshing time u
the greatest possible extent and tn
i astounding increase in taxes per acr
particularly in North Dakota. tn
figures for which VIC give here
should suggest to the farmer an
every one else the vital Importance. Q
more economy and use of husines
Judgment in rublic expenditure"