Milford chronicle., 1933-05-19

period. I9l9-t927, includes the time
when Europe. because of the war
was still drawing upon the United
States for foOd, and the time when
Europe, because the United States
was advancing huge sums in credit
was still buying American agricul-
tural goods.
Wheat acreage. production. and
consumption in the United States
have remained relatively constant
since before the depression. but eX-
ports have dropped since 1927.
: Exports have been on the decline
since 1921. In that year we exported
about 26O million bushels; in 1926.
about 22O,OO0,00O bushels; i'm 1929.
150,000.000 bushels. In the current
seaaOn the rate of exports has de-
clined 50 drastically that We may
not export ds much as 60.000,00
bushels. The annual carry-Over of
wheat has mounted every year since
1927, when it was 127,000,000 BUSH
els, to 1882 when on July l ii was
almost 370.O0O,O00 bushels. Mean
time the December 1 farm price was
going dOwn-from $1.12 a bushel i'm
1927 to 35 cents in 1882, and lower
since that time.
Pork is perishable and eau not be
home we must export. But if foreign
countries refuse to buy, the supply
backs up at hCme and is forced on
the domestic market at whatever
price it will bring. Slaughter of hogs
has not decreased in the past sever
al years and consumption OF feder-
ally inspected pork has 5een on the
increase. But the exports and prices
have gone down. The average annual
exports for the years 1925-1J29
amounted to 1.136,S56,000 pounds. In |
1929 the total was 1,20S.OS9 900 /
pounds. But in 1880 it dropped to
949, 100000 pounds. and in 1881 to |
750,822,000 pounds. 1t was still de-
creasing in 1882 and the price had
dropped from an average of $S.95 in
1929 to an average of 1913 in the
marketing year 1931-1932. 1t has
dropped still lower since that time.
American cotton. accumulated at
home and abroad. is now more than
7 100000 bales more than the norm
al carry-over More than halt the
has. been caused by
decreased foreign. consumption. and !
Tho rest by. decreased domestic con-
There is enough American
cotton on hand. now-sOme 13,0OO,-
300 bales-to supply the worlds
normal demand for one year. and ;
The normalstieihand of the United
States for,3two years.
These are some of the problems of
surpluses. low
prices, and+disparity in purchasing
power. that the Emergency Adjust
nent Act is designed to meet. The
Act is "To relieve the existing ma
.iOnal economic. emergency by in
,reasing agricultural purchasing
power" 1t . relieves the national
by putting the farmer
back on his rightful standing. and
-hus relieving the urban as well as
the rural population. II fits precise
" into the whole strategy of attack
on the national emergency Meas
ires that contribute to the better
nent OF farmers also contribute to |
he betterment of city people, and
ice versa
To accomplish its purpose the Act t
ives the Secretary of Agriculture S
ertain powers. He is first empower I
d to end Over-pr0duction. with the t
Oluntary cooperation of the pro-
ucers themselves, and not other II
rise, by entering into agreements c
nth them to reduce their prOduc- n
ion and to compensate them for II
making the reduction. He has the il
hoice of several methods. h
He may arrange with individual Il
lrmers to reduce their acreage or "
reduction by specified amount. &
nd to compensate them either by II