Smyrna times., 1923-08-15
FARMERS CAN CONTROL WHEAT
BY WAREHOUSING ON FARM
so GRAY SILVER OF WASHING
TON FARM BUREAU DECLARES
Instead of Throwing Control to Wheat
Spectators, He Says, Farmers Can
Take Advantage of Two Laws

SPECTATORS, he says, Farmers Can
Take Advantage of Two Laws
Grey Silver the Washington Repre-
sentative of the American Farm Bu-
reau states that there are 100000
600 bushels of wheat in the United
States and wheat has dropped 60
cents since just prior to harvest. This
means a slump of S6OO,OOO,OOO. Since
S1.00 of the new credit will liquidate
five times the amount of indebtedness
the loss of this $600,000,000 means
that the farm communities are de-
prived of paying off debts of S3,000,-
100000. Thus of 1O0,000,000 to 200,-
100000 bushels of wheat are stored
on the farms until there is suitable
market as suggested by Mr.. Silver,
the farmers will be able to liquify
debts amounting to S3,000,000,000 and
the wheat crop will become a much
greater asset than if the old method
is followed. By warehousing on the
farm he should take advantage of the
two laws which were passed especial
ly to function in such exigencies and
not sell at a loss. The break in the
market was caused by the specula-
tors who had carried over 100,00O,OOO
million bushels and dumped it on the
market just before the new crop be-
gan to arrive. The market would not
/, have broken as badly had this amount
, been in the hands of the farmers and
/ not the spectators.
? Estimates Crop S21, 100000 Bushels
t The United States Department Of
Agriculture estimates the present
y crop to be 821 million bushels and We
5 will carry over 100 million as com
pared with 7S million for last year
Thus we will have to dispose of 90
million. We will consume approx
. mately bushels per capita or 500,
+, 100000; save for seed about 10000,
: 900 and we normally (1914-20) carr,
v over 73 million bushels. This give
q us a total of $50 million to be used i
). the United States. Thus there Wi
# be available for export or other pun
- poses over PAL million bushels. Gu
p net exports for the last fiscal yea
; were 200 million, a decrease of 6
;s million from the previous year. Th
,r pre-war exports were only 100 milliO
as bushels. ExpectiOns are that theI
o will still be a further decrease of eN
y ports this year as compared with la:
p year-estimate running around )
40 million bushels. 1t is estimated thS
n the world carry over on July 1, 49,
is around IS to 100 million bushe
more this year than it was one ye;
n ago. About one-half of the increa'
en- was in the United States and Il
on other half in India. The falling off
en- our exports during the last year WI
er direct reflection of the large wOr
sc carryover of wheat. The prospecti'
he still further diminution of our eXpOr
IL 10 based upon the large stock still
ms foreign countries and the increas
ng productions in Europe. The five lar
ier expOrting countries have increas
A., their acreage some % million acT
sh. since the war.
ice Crop Means More Than Selling Pri
lGh In selling wheat we must keep
en' mind that the wheat crop represer
II ; more than the selling price of whe
1t represents the investment in la
er \and equipment amounting to ma
of times the value of the crop. And
led sides, wheat growing must cOntin
me year after year, except possibly
in those regions of marginal product
rs where admittedly the crop is
on gamble and not an economic eff,
me when viewed from the standpoint
ino the productions of bulk of our whe
ila- -------- 80, ~