Word: bushell
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...debt-ridden churches in his locality, a devout Methodist last week put forward a bit of oldtime religion. John O. Mullins, of Wesley, Iowa offered 100 bushels of seed corn free to farmers who would undertake to plant it on "God's acres," give the crop to God's uses. Worth $700, the seed corn would be distributed in 7-pound packages, each of which would plant one acre, produce 50 bushels-at 75? per bushel, a total of some...
...compared to 68,198,000 acres under cultivation last year. Allotments must be proclaimed by Secretary Wallace before July 15, divided among the wheat-producing States, counties, divided by county committees (including the Department of Agriculture's extension agent) among individual farmers. If the price (currently $1.11 a bushel in Manhattan) is less than 52% of the parity-price on June 15, or if the July crop estimate forecasts a bumper year, Secretary Wallace with the President's approval can make loans from 52% up to 75% of the parity price. Like the "nonrecourse loans" currently being given...
Corn allotments must be proclaimed by February 1 of each year; that for 1938 "as soon as practicable." Corn crop loans will be granted when the price (currently 73? a bushel in Manhattan) is below 75% of parity on November 15, or if the November crop estimate is excessive. Marketing quotas will be invoked when supplies reach 2,700,000,000 bushels, penalties assessed at 15? a bushel...
...agencies immediately began to lend it money. When it was reorganized in 1936 there were $14,000.000 worth of Government loans to be canceled. It was then lent $7,500,000 more by the Farm Credit Administration. It was supposed to repay this sum by an assessment on every bushel of grain it sold for its members. The members objected...
Wheat and corn acreage and marketing quotas would be based on the aim of giving a bushel of either the same purchasing power it had between 1909 and 1914. The Government would impose on every bushel sold over Department of Agriculture marketing quotas a penalty tax of 50% of its price-provided that, in a referendum before the scheme goes into effect, two-thirds of the farmers affected approve the plan. Secretary Wallace's ever-normal granary would apply to both crops: the Government would begin to buy wheat for use in periods of scarcity when the supply...