Word: wheats
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Dates: during 1920-1929
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...Spring wheat...
...Total wheat crop. .661,000,000 bushels...
What does this mean? It means the smallest wheat crop in eight years. It means a wheat crop so small that it should just about equal our wheat consumption-perhaps fall slightly below it, leaving no surplus for export. It means that, even if wheat prices are low abroad, they will be high here. It means that farmers will get good prices for their wheat-even if they have not a great deal to sell...
...come about ? It came about principally because of poor weather conditions. The number of acres planted in wheat is less than half of one per cent below last year's acreage, but the expected crop is more than 24% less. The estimated yield (number of bushels per acre) is very low. For winter wheat, it is only 12.4 bushels-less than it has been in 20 years. A cool, dry May was largely responsible...
...will it affect politics ? It will probably lessen the political pressure to institute a grain-exporting corporation with governmental capital to dispose of our wheat surplus abroad. This year there will be no wheat surplus...