The log cabin Democrat., 1922-01-25
RECOMMEND PLAN
 OF SAFE FARMING STATE LEADERS DECIDE
Farmers, Merchants and Bankers Put Results of Study in Work
 able Farm Plan.

1922 and the reasons for 1t are set forth in a statement of the de- cisions reached at the conference January 12 at Little Rock, with far mers, merchants and bankers from all parts of the state in attendance. The plan as presented below was written by the farmers themselves, and has the endorsement of mer- chantse and bankers who consulted with them. A Conway banker to- day expressed the hope that it will be closely read by every farmer and merchant in the county, and its ad- vice needed in planning crops for 1922. The statement is as follows:
 1. All people must be brought to realize that whatever else farming may be it is, nevertheless, a business and as such it must pursue safe and sound business policies similar to those which govern other lines of business or its efforts will become speculative at times and result in serious periodic losses. Farming resembles the manu- featuring industry in many respects. It is a familiar law of sound busi- ness that the output of factories must be varied to suit the general demand. When times are prosperous and the huying 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, manu- facturers 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 good price often over r-stimulates production and brings large crops with correspondingly low prices.
 g. We are at such place in de ciding on a 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.
 i. We are confronted with these | facts: The people of Europe, our greatest cotton market, are struggling under greater national debts and high CT taxes than ever before. Foreign exchange with this country is fac tor decreasing buying power as to our l nrnI,1afc Tha ut .f A ican cotton from August, 1917, to August, 1921, averaged practically three million bales less per year than from August 1912, to August 1916 and two million bales less than from August 1907, to August 1911. Until world purchasing power increases a large crop will have to sell for less price.
 3. In our own country we must remember that other sections have ye, to experience the stimulating influ ence of increased prices for farm pro ducts, and therefore still feel poor anc lack buying power.
 6. The safety and stability of oul agricultural interests and of the busi ness and financial interests of tn, state of Arkansas depend upon tn, psoperity of her farms We have wit messed in the past the fact that per manent prosperity cannot come to tn cotton section under system of farm ing which does not provide for tn production of the food for it's peopl
 and the feed for its live stock. Tn
 production of these home supplies o
 garden vegetables, fruits, potatoes corn, hay and forage, oats, meat, mil and eggs is the safest, and in tn
 long run, the most dependable sys tenn of agriculture we can pursut Such policy promotes health an home living and prevents unwar ranted and unwise speculation i
 cotton. discouraging great yearl fluctuations in acreage.
 2. During the past year we hay had an unprecedented infestation (
 the boil weevil, due largely to seasoi al conditions and the mild winter ( a year ago, To greatly increase tt
 
 tion has always proven uneconomi , unsound, and dangerous financii
 experiment. The rule always adv,
 cated under weevil conditions has bee
 to plant limited acreage of cotto
 better tended than under normal co, ditions, and to make sure that a :. food and feed necessary is produce :" on the rest of the acreage.
 8. The effort on the part of u ' farmers elsewhere in the Unite
 States to decrease the acreage in cor while prompted by sound busine e policies on their part, should stim, ; late every farmer in Arkansas to nal t sure of the production of ample SUI t plies of corn for home use in tn
 state.
 t g. That, therefore, this conver ' tion urges every farmer in the stat
 of Arkansas to follow a safe plan i e 1922, and to that end to produca tl