The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1931-03-27

4
A quick sequence of fall
ing prices occurred Monday
at the principle grain markets of
the United States and on Tuesday
wheat prices at Chicago collapsed
from 2 to IL cents for cash wheat
while July wheat dropped onto a
fifty cent basis for the first
time since 1895.
A flood of criticisms and num-
erous substitute suggestions were
the results of the blunt notice of
the farm board that it would not
support the 1881 wheat crop by
buying and proposed to turn the
farmers over to the tender mer-
cies of the world market thus
. singing to a close the entire
farm board farce which has been
playing since June 1929.
Mo Change of Policy for 1880 Crop
In thrusting upon tie producers
the responsibility for maintaining
domestic prices for this years
} crop, Sunday, the board made clear
it contemplated no change regard
ing 1880 wheat-now being stabil-
: lied by purchases of surplus stock
: Cotton Not Mentioned
3 The board made no mention oil
its position in respect to cotton, O.
which it has also made sizeabl
purchases.
Crop Reduction Only Remedy
~ AS to permanent relief for tn
y grain grower, the board again EN-
- phasized that production should b
limited to domestic demand.
-er Through its present and 1872
re- crop sterilization efforts, the boar
gs claimed 30 have saved wheat grow
he ers "many millions of dollars, an
its large additional amount to grow
ri ers of other grains"
Saying sterilization operation
;or are emergency measures and eI
Die tail heavy cost, the board state
err it's position in these words:
as' ''The grain sterilization cor.
a., pOratiOn cannot indefinitely buy
,l.e more than it sells, or indefinite
ly hold what it has bought. II
=! ~ cannot follow a regular policy Of
10 buying at price above the mar
a. ket, paying heavy storage costs
e and selling below cost. Farmers
III know this, and would not ask i
:Iu be done. 1t would not be, inth'
~. long run, in the farmers own In
- terest."
er; Holds 2OO,OOO,OOO Bushels
o. It is estimate in some quartz
tLle the corporation now holds abo
IT'S two hundred million bushels
wheat, most of which has be-
ah bought since last November
anu maintain the domestic price lev
ans 20 to 35 cents above export part
|, Selling 35 Million on World Mark
Ole The corporation now is sellil
ope to exceed 35 million bushels of OF
.rg. opposition wheat abroad. T.
his price asked is above the world lie
Ell. It was said no other plans f
and immediate sales have been made
of Chairman Stone has said he e
,ent poets the carry-over on July
on be at least as large as last yes
ese 275 million bushels, and the M
re- crop equal to the 1880 productic
1eir Rorah Saws End Inevitable
e Senator BOrah, who has be
oil criticizing the farm board
,a6- some time, said the end of {
+ba sterilization program was Inc
, IF liable since it "was leading
l. disaster" He said he would
+be ther see the two hundred milli
ond bushels. Of. government. wht
anu ground into flour at gOvernmt
expense than kept as it is.
GO eff the farmer must face
NJ market of 1882 without the |
A. A. of the government he at lie;
~ ought to be permitted to face
without being embarrassed
mi handicapped by the government
IN he said.
9TH BOrah said it was too late
"talk about anything like sys
will matte crop reduction" this We
rus ''It is entirely probable that
ae es We course of years and after
~ farmer has an opportunity
spe- adapt his soil and his efforts
open other lines, he will reduce
anu acreage of wheat" B0rah So
Slut such things cannot be d.