Word: droughts
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...boosted back 45% of the way from their Depression bottom to 1929 highs. Farm income was upped to $6,000,000,000, a round billion above 1933, exclusive of $500,000,000 paid by AAA for restricting production. But the biggest scarcity factor in boosting farm prices was the Drought...
...London; cruised for a month aboard the U. S. S. Houston from Annapolis to Puerto Rico and the Virgin Islands, through the Panama Canal to Hawaii and back to Portland, Ore.; traveled across the continent with the cheers of multitudes in his ears and the news of drought-slaking rains in his wake; relaxed as the country squire at Hyde Park; toured the Tennessee Valley; sunned himself in the pool at Warm Springs. And during 1934, he spoke 23 times over the radio, more than any previous President in any previous year. But in the same time his wife managed...
Hardest hit by Drought were corn and oats-both the shortest crops since 1881. Two years ago the corn crop was 2,900,000,000 bu., worth $560,000,000 at a farm price of less than 20? per bu. This year the harvest was only 1,380,000,000 bu. At an average price of 78? per bu. it was valued at more than $1,000,000,000. The oat crop was less than one-half that of 1932 but the farm price had jumped from 13? to 52? per bu. and total value increased in two years from...
...Drought and AAA slashed the 1934 corn crop to 56% its normal volume, with a relative decrease in pork production. According to Dr. Mordecai Ezekiel, Department of Agriculture economist, pork prices have risen so high that a national "consumers' strike" is now on. The Bureau of Agricultural Economics foresees still higher prices for chickens, eggs...
...vote among farmers. "There cannot be further increases in the percentage of the consumer's dollar that goes to the farmer as a result of reduction in supply," he significantly admitted. What he did not reveal was the fact that farm prices, as a result of drought and reduction, had risen to such a point that the whole Federal adjustment plan was being jeopardized...