The Miller press. [volume] (Miller, S.D.) 190?-current, 1923-08-02
TOPICS OF THE FARM
. Department Devoted Exclusively to Farm
Affairs in Hand County


and the intermediate Credit Act"
stated Mr.. Silver.
The federation In both it's Chicago
and Washington Offices Is receiving
kilograms inquiring regarding the
farm warehousing of wheat and in
dicating that the farmers are taking
steps rapidly to care for their crops
on the farm" One telegram from
Dodge City, Iowa, is typical. 1t reads
as follows: rs the warehouse law
giving grain on farms the privilege of
warehouse receipts in operation? Can
with the intermediate credit banks?
Will such banks accept receipts issued
on Iowa warehouse law?
The answer to this telegram is
found in the statement made by Mr..
Silver regarding the most recent &C
ton of the Federal Farm Loan Board
in notifying the IL regional banks to
accept any warehouse receipts on
wheat In warehouses approved by the
department of agriculture.
Gray Silver points to the fact that
wheat receipts at the primary points
for the first "a days of this month
were only rs million bushels against
II million bushels a year ago and AZ
million bushels ten years ago. Under
the stimulus of restricted marketing
| particularly in the southwest, the
more liberal financing Of wheat in
| storage, the increased activities of
cooperative wheat marketing organic
atoms, preparations to hold the sur
plus off the market and reports of
wheat rust in Canada, the decline in
the price of wheat has been stopped
and it has started to advance from
the low point July Is. The price Is
higher than it was at the terminal
market 10 days ago and there has
been greater rise in the country mar
kets and in the price paid on farms.
Reports to the Washington Office in
dictate that in addition to existing
graneries farmers in the wheat belt
and further west are building graner-
'es and are making great preparations
for the holding of the surplus crop.
THE problem of storage Of the r
plus crop" continues Mr.. Silver, lis
not as difficult as some people would
have us believe. There are ample
storage facilities for the entire crop,
for many crops which are not larger
than the present have been stored
each year. Our proposition this year,
however, involves the awaiting a n
sumptive market for our surplus
which can be more economically done
on farms than elsewhere. 1t is particu-
larly feasible because wheat deterior-
ates very slowly indeed and as safe
storage can be constructed on the
farms as anywhere.
THE average marketing of whea,
during the month of July for the last
five years is 14.7 per cent of the total
years sales or 142 million bushels,
During August and September we
market "a per cent and in October IL
per cent. Thus during four months
we dump nearly two-thirds OF our
ron on the market. This usually
results in a severe break in the mar
xet from which it does not recover or
if it does climb upward the average
price for the year is very likely
lower than as though it had never
been broken and the wheat had been
fed on the market as h consumptlVe
demand would warrant.
with the relative prices OF r
and wheat favoring the feeding OIL
wheat we may expect a much larger
proportion Of this years crop to DC
ed to hogs and poultry than normally
The experiment stations in a
of states have authoritative data show
ne the relative feeding value of these
grains when given to hogs ant
poultry. When corn is worth 80 cents
IN Kansas as hog feed, wheat for tht
same purpose is worth around $1.l'
Cheap wheat always has meant IN
creased consumption as feed. This
az probably will prove no exception
Not only will more wheat be fed tt
hogs and poultry but more OF 1t vii
be utilized in dairy feeds"