Evening star., 1933-12-10
IOWANS RECEIVE
CORN-HOG CHECKS
State Farmers Expect Flood
Of $500, ,0oo, 900 in Next
3 IA Months.
Special Dispatch to The star.

Spceihi Dlspatch 10 Inc star.
DES MONIES. Iowa, December Q
tNAN.A.).-The new deal has reached
Iowa with bang. Iowa, where month
ago farmers were on strike, Is begin.
ming to feel the influence of the S03. !.
000,000 in Federal funds which are to
be pumped into 1t before March /.
Iowa has become overnight the prov.
ing ground for the new deal.
To answer the question Whats hap.
pening in Iowa." Is to answer the oues-
ton Of the immediate success or failure
OF the Federal administration farm
recovery program.
And the answer is: The farmer who
was picketing highways q month ago
mas money IN his pocket today. He
got 1t without selling his corn. He's
going to get more on his prornise to
reduce his next two corn and ho9
crops. And he's making the promise.
Friends Of the administration expect
Federal corn loans In Iowa soon to
reach total Of 100000 q day and
to continue that rate for weeks on end
until an approximate total Of car, 600.
600 Is reached.
Reno Is Silent.
Incidentally. since corn loans besan
10 be made In earnest last week eyeYy.
body seems to be friend of the "a.
minlstration. There has been not even
a peep from Milo Reno head of the
unsuccessful national farm strike.)
Farmers in Iowa this last week have
applied for loans faster than state
sealers can check their warehousin9
and seal their cribs. On Monday.
though loans had been made In but 4
lew counties, the total was $4,000.
Tuesday $241 900. Wednesday $458. 900.
Thursday $9l5,000, Friday Sl,521,4l0.
The high light of the corn loans was
that made on Tuesday to w. p. Adams.
Odebolt, for $135 900 on 800, 900 bushels
OF corn. Mr.. Adams owns 6.400 acres
IN one farm which covers 10 square
miles. Each year he plants 5000 acres
In corn. Under the loan agreement
he VIII agree to cut his acreage in 1884
and 1885 to 2.400 acres. For this re.
auction he receives as rental" an
additional s6.84o.
30 Cents q BusheI.
Rental payments will be made to Mr..
Adams on the basis OF 80 bushels to
the acre at 80 cents bushel, the estab-
nsned rental, although his farm has
produced an average of so bushels to
the acre for years.
The Adams case is significant because
IL emphasizes what the recovery pro.
gram means to Iowa, where 8 per cent
OF the country's corn Is raised-more
tnan In any other State or in any for
eign natlon-and where is produced
70 per cent Of the Nations hogs.
MI. Adams Is an exception but there
are some 2l2.000 other Iowa farmers
whose holdings are from ne-eiRf1tietf
to one-twentieth of his to whom the
corn loans. hog bonuses and corn land
rentals VIII mean, in the agRreaate.
about 500, 1000, 900.
OF this amount s63, 3,000, 900 Is expected
10 oe In circulation in the Stats nv
Marcn l. The remaining S37 600 600
VIII oe spread over two payments. No.
Vemoer, 1884, and February, 1895.
mus. In the next IA months. the
surpiuses OF corn and hogs, which drove
pessimistic farmers to attempt A ma.
tionai strike are to be reduced without
dumping them on a burdened market.
future production is to be curtaiIed
ano the farmers are going to be $780,
oSo.ooo better on without sending .
100000, 900 Due.
But-and on this but" rests the fat.
OF the entire new deal in agricuItl,re-
tnese Government loans, bonuses and
rentals are just beginning. They are
expected to be bolstered by higher prices
Ior corn and hogs when the surpluses
no longer exist.
This bolstering. local friends of the
administration estimate, will run az
nigh as 5000, 600 900 between now and
February l, 1885, from the sale of corn
and hogs alone.
That makes total Of $500, ,00o, 900 ia
crisp new money that viii come into
Iowa In the next II months to be spent
tor taxes ana debts and buildings, for
groceries. for amusements, for the tho.,-
sand and one things Iowa farmers and
their wives have gone without for the
last few years.
tCopyright, 1888, by North American Nsvs-
paper Alliance. Incl