Paragould soliphone. (Paragould, Ark.) 1918-1950, 1922-01-16

/
E. Fenton, Sewer county; George
l.. Davis, Chicot county, and J. w
Harris, Logan county.
The recommendations
The recommendations follow:
"All people must be brought tC
| realize that whatever else farming
may be it is, nevertheless, bust
ness and as such it must pursue
safe and sound business policies
similar to those which govern other
lines Of business or it's efforts will
| become speculative at times and re-
suit in serious periodic losses. Farm
! ing resembles the manufacturing in
dustry in many respects. 1t is a
familiar law of sound business that
the output of factories must be
varied to suit the general demand,
When times are prosperous and the
buying power of people generally is
great manufacturers increase their
product to meet the demand, but in
hard times when products have to
be sold at unsatisfactory prices and
when peoples buying power is low,
manufacturers reduce the output
and wait for the time Of recovery.
Farmers to some extent follow
the same law, except that in areas
OF single cash crops a good price
often oyer-stimulates production and
brings large crops with correspond
ingly low prices.
We are at such a place in decid-
ing on safe course for 1922. There
is grave danger that the present
price of cotton may lead to a mis-
understanding of the situation, may
over-stimulate production and result
in lower prices.
We are confronted with these
facts: The people OF Europe, our
greatest cotton market, are strug-
Cling under greater national debts
and higher taxes than ever before.
Foreign Exchange with this country
is a factor decreasing buying power
as to our products. The annual eX-
port of American cotton from Au-
gust, 1917, to August, 1921, aver
aged practically 100000 bales less
per year than frem August, 1912,
to August, 1915, and 100000
bales less than from August, 1907,
to August, 1911. Until world pur-
chasing power increases large crop
will have to sell for a less price.
In our own country we must re-
member that other sections have yet
to experience the stimulating in
fluence of increased prices for farm
products, and therefore still feel
poor and lack buying power.
The safety and stability of our
agricultural interests and Of the
business and financial interests of
the state Of Arkansas depend upon
the prosperity of her farms. We
have witnessed in the past the fact
that permanent prosperity cannot
a system Of farming which does not
provide for the production of the
food for its people and the feed for
it's live stock. The production OF
these home-supplies of garden vege-
tables, fruits, potatoes, corn, hay
and forage, oats, meat, milk and
eggs is the safest, and in the long
run, the most dependable system of
agriculture we can pursue. Such
a policy promotes health and home
living and prevents unWarranted and
unWise speculation in cotton, dis
couraging great yearly fluctuations
in acreage.
During the past year we have had
an unprecedented infestation of the
boil weeyil, due largely to seasonal
conditions and the mild winter of a
year ago. TO greatly increase the
cotton acreage under Weeyil infesta-
ton has always proven uneconomic,
unsound and dangerous financial
experiment. The rule always advo-
Gated under weevil conditions has
been to plant limited acreage Of
cotton, better tended than under
normal conditions, and to make sure
that all food and feed necessary
is produced on the rest Of the acre
age.
The effort on the part Of the
farmers elsewhere in the United
States to decrease the acreage in