The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-07-03
SEVEN lean Years
FOR WHEATRAISER
IS u. S. FORECAST
Agriculture Department Advises
Extensive Adjustment In
Grain Acreage

Washington, July 3.-H9-Seven
lean price years" for the wheat
farmer was the prediction today Of
the United States department of
agriculture.
The report forecast app. sciably
lower wheat prices compared with
those Of the last seven years in adj
vistng extensive adjustment In wheat
acreage, including substantial reduce
ton in cost per bushel, must be made
II wheat production Is to be profitable
to growers generally.
This is necessary" the report ex-
planned, Ito meet intensified competi-
ton In world markets, due ia increas-
ing production in this and other
countries without q corresponding In
crease In effective demand"
Reduction in the crop would result
In improvement Id prices. the report
stated, calling attention that wheat
prices in the United States are likely
to share in the downward trend Of the
general price level, the. extent Of the
decline depending In part upon the
action Of gr0wers~tn thas-aa4s 0ther
countries"
The trend of wheat acreass, The
report showed, II toward expansion.
Secretary Hyde and Chairman
Legge, of the farm board said In
do addresses today the farmer must
bear the responsibility for any more
back breaking" wheat surpluses.
I'VE Of the department Of agricul-
ture and the farm board offer you the
basic facts Of world supply and de-
mand," the secretary said, and the
final decision Is yours.
1T is yours to say whether you will
produce another back-breaking sur
plus or whether you win be guided
by the most accurate facts man can
muster. No power exists to compel
you to do or to forbear doing exactly
a. you please"
Leave on Tour
The addresses preceded departure
Of the secretary and farm board
chairman for a series Of meetings in
the heart Of the winter wheat belt;
to start at Hastings, Neb., on July Z
and extend into Kansas, Colorado,
Oklahoma and Texas.
Secretary Hyde said the trip was
being made 80 there would be nc lack
OF opportunity for wheat farmers to
get the facts.
"For several weeks now" he said,
wheat prices have been uncommonly
low. You have seen the market sag
under the pressure Of accumulated
world supplies. We do not expect to
see wheat prices remain as low as they
have been during the past month.
Nevertheless, the present prospect Is
that world wheat prices during the
next seven years will average appre-
Gladly lower than in the last seven
years."
Legge said the world wheat situa-
ton is not one that offers hope for
early improvement Of return to the
American wheat grower II he con-
tinues to produce * much wheat that
the price for all his crop Is determine
ed by the part he must sell In the
world market.
Comments coming to the board
from various sections Of the country"
he said, indicate that there are still
q considerable number Of persons who
are laboring under the delusion that
through some mysterious process, the
surpluses of agricultural commodities, |
no matter how large, al be disposed
Of abroad without interfering with
that portion Of the commodity that is
In the domestic market. All !
information We have on the subject
tends to discredit the possibility Of
any such solution along this line"