Word: bu
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Dates: during 1930-1939
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...farm board would buy more wheat now as Senators from Kansas, Nebraska, South Dakota and Oklahoma were asking, Chairman Legge replied: "No, Stabilization will work admirably on seasonal surpluses but it can't be made to work on permanent cumulative surpluses. To buy 100,000,000 bu. of wheat would only encourage Kansas farmers to plant more and make a bad situation worse. We can apply a pulmotor and give temporary aid, but we're looking for a more permanent remedy...
...harangued planters on the economic necessity of reducing wheat acreage to eliminate their surplus. Their retort, through their Governors and Senators, was a demand for the farm board to buy more wheat and more and more until the surplus vanished and the price went up from 60? per bu. Already staggering under more wheat than the whole state of Nebraska produces in a year. Chairman Legge had flatly refused...
Board Troubles. Cheerless last week was the Federal Farm Board's first birthday. During the year Chicago wheat had tumbled from $1.20 per bu to 86¢. The Board had sunk $75,000,000 in the purchase of 60,000,000 bu. of 1929 wheat on which it stood to lose $35,000,000. Farm prices were at their lowest level in eight years...
...With wheat prices declining President Hoover was last week requested by Senators Capper and Allen of Kansas, candidates for re-election in November, to instruct the Federal Farm Board to purchase 100,000,000 bu. more wheat to "stabilize the market...
Last week it was 110° in the wheat fields of Kansas and Iowa. Politically it was even hotter as wheat prices slumped to the lowest level in 17 years, 60¢ per bu. locally, 86¢ at Chicago. To escape a brassy sun harvesters worked by moonlight. By day, horses heaved and died by the score. The grain turned white, the ground cracked open. But the threat of a burned crop and reduced production was not sufficient to revive wilting prices...