Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-29
FARMERS WILL GET
INCREASED PROFIT
Low Crop Yield Expected to
Benefit Agricultural
Sections.
ipecial Dispatch to The Star.


NEW YORK, September 28-The
Alexander Hamilton institute says that
| the farmers, as a whole, may enjoy
| as good an income in 1929 as during
the past season because Of the rise in
prices, but the Nation will be adversely
affected by the increased cost of food.
The prospect is, however, that any
business recession in 1880 will be re-
latively moderate. Continuing, the
! business review says:
The widespread drought which af-
| fected almost the entire country during
August resulted in substantial down.
ward revisions of crop estimates. The
present outlook is that the total harvest
this year will be per cent smaller than
anticipated month ago and per cent
smaller than the harvest Of 1923.
The corn crop, particularly, suffered
from the lack of rain during August.
Eearly in the season it was expected
that the 1929 corn yield would nearly
squal that of a year ago, but it is now
estimated at only 6,00O,0 900 bushels
as compared with 1886, 100000 bushels
harvested in 1928, a decrease of nearly
IA per cent.
The wheat crop escaped the effects
OF the drought during August Spring
wheat was practically matured at the
beginning of the month and the Winter
wheat crop was already made. Spring
! wheat, however, suffered from un-
favorable growing conditions earlier In
the season and the present outlook is
for yield of only 2l7,000,ooO bushels
this year, as against 1924, 100000 bushels
last year. The Winter wheat crop
nearly equaled that of a year ago and
1t Is due chiefly to the curtailment of
| Spring wheat production that the total
wheat yield will amount to only 1885,
100000 bushels this year, eS against
3o2, 100000 bushels last year, a de-
crease of 1873 per cent.
Drought Reduces Other Crops.
The oats crop matured early this year
and, like Spring wheat, escaped the
August drought. However, due to prev
ious unfavorable conditions, the oats
| crop is expected to amount to only
1905, 100000 bushels this year, as
against LAS, 100000 bushels last year,
| a decrease Of 1853 per cent.
The cotton, hay, potato and tobacco
crops all suffered from the drought
in August. The cotton and tobacco
crops, however, still promise to be larger
than year ago, while the hay crop will
be about equal to the 1928 yield The
cotton crop is now estimated at IA
5000 bales, as against 14,478, 900 bales
last year, the tobacco crop at 1852 900,
| 600 pounds, as against 1,378,OO0,O 900
pounds last year and the hay crop at
1O6,000,000 tons, as against los ,900,-
/ 00G tons last year.
The potato yield and all of the fruit
crops will be substantially below the
1928 harvestS. The potato crop is now
estimated at only 100000 bushels,
decrease of 24.8 per cent from the
record crop of 464, 600 900 bushels raised
| last year. The apple crop will total only
146,000,000 bushels this year, as against
100000 bushels last year, decrease
| of 21.5 per cent.
OF eight important crops, the yields
OF corn, wheat, oats, potatoes and ap-
plies will be smaller in 1929 than in
1928, the yields of cotton and tobacco
will be larger, and the yield of hay will
be about the same. The combined
value of these eight crops amounted to
of the total value Of $9,093, 100000 for
all crops.
Larger Cash Incomes Likely.
Crop prices at the present time are
sufficiently above the levels of last year
to more than offset the curtailment of
the yields and it is possible that the
total value this year may be half-a-
million dollars greater than the total
producers of cash crops, such as wheat,
| cotton, potatoes and fruit, will enjoy
larger incomes than in 1928.
In the case of producers Of feed
| grains, such as corn and oats, the out
| look is less favorable. Feed grains are
| mostly marketed In the form of live
stock. Reduced yields have recently
! forced the marketing of a sufficiently
heavy volume to depress prices. Up
to the end of the Summer cattle, hog
and sheep prices were running above
| the levels of last year, but now they
are considerably lower.
It is probable that live stock pro-
ducers during the coming season will
receive less money than last season and
this decrease will offset the better in
comes received by cash crop producers.
The combined income of the farmers,
therefore, will probably be about the
same as a year ago.
The country as whole will be adj
| versely affected by the reduced crop
yields this year. Farm labor will not
be so well employed. railroads will sui :
fer from reduction In freight, Ma
tons food bill will be increased and
| the people will have less money to spend
, for clothes, furniture. automobiles and
other items which contribute TO
prosperity.
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