Word: wheat
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Dates: during 1930-1939
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...country. In theory bumper crops sold at fair prices provide the huge farming class with such extensive buying power that all commerce benefits. How bumper are crops was last week summarized by revised estimates of the Department of Agriculture, indicating that total value for three major crops of corn, wheat and cotton will be $4,500,000,000, largest since 1930. Total farm income from the sale of all crops plus payments by the Agricultural Adjustment Administration will total up to nearly $9,000,000,000. largest since 1929's $10,479,000,000, and more than a billion...
...Wheat. With a crop now estimated at 885,950,000 bu., largest since 1931, and last week's price of $1.05 a bu., the U. S. wheat crop is worth about $1,000,000,000. Wheat has already been harvested, so the department estimate is pretty sure to be right. Including last year's 90,000,000-bu. carryover, wheat on hand amounts to 975,950,000 bu. of which some 775,000,000 bu. will be needed in the U. S. With 200,000,000 bu. more to dispose of, the U. S. may become an important...
...world's wheat marts, the U. S. will this year have little competition from Canada or the Danubian countries, both having small crops. Argentina and Australia expect fair crops and Russia a huge one. Last week European demand for U. S. wheat manifested itself strongly for the first time this season and on one day nearly 1,000,000 bu. were sold abroad...
...crops. Cotton, for example, would be reduced from 34 million to 29-31 million acres. Other base acreages suggested: potatoes, 3,100,000 to 3,300,000 acres; rice 825,000 to 875,000 acres; tobacco, 1,400,000 acres; corn, 92,000,000 to 96,000,000 acres. Wheat was not mentioned, for wheat farmers, having yet to produce a normal carryover, may plant unrestricted...
...done well in 1937 with the possible exception of corn. In Rotterdam grain traders were glum as the Soviet Union reopened its selling agency, apparently ready to unload on Europe this fall enough produce to depress prices seriously. Within a few hours Russia's Rotterdam agents were selling wheat and barley in such volume that the Soviet Union's offerings were virtually setting the European market prices for these grains. In the Ukraine, "Granary of Russia," Soviet secret police last week swept into Zolochev, hunting for "wreckers." Soon the chief of the regional agricultural department, the chief...