Word: wheat
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Federal Farm Board last week issued a point-blank warning to wheat growers throughout the land which was enough to send their hearts to their boots...
...Board will not authorize the Grain Stabilization Corp. to make stabilization purchases from the 1931 wheat crop. . . . Spring planting of wheat is at hand. Let farmers heed the warning to reduce acreage...
...Farm Board began its price-pegging policy through open market operations early in 1930 when it bought in the 1929 wheat crop surplus (TIME, March 10). Since last Autumn it has been buying heavily into the 1930 crop. Fortified with its full appropriation ? $500,000,000 ? from the Treasury, its actual and future wheat holdings are now estimated above 200,000,000 bu. Its operations have kept domestic prices of the 1930 crop from 20¢ to 35¢ per bu. above the world level. Until last week the biggest question was: "Will the Board continue price-pegging when...
...This [price-pegging] policy was adopted to meet a most acute emergency. It has made wheat growers many millions. . . . But [the Board] cannot indefinitely buy more than it sells or indefinitely hold what it has bought. It cannot follow a regular policy of buying at prices above the market, paying heavy storage charges and selling below cost...
...Wheat prices in the Chicago pit slumped sensationally...