Show AUTHENTIC STATEMENT ika ik 5 special to THE EXPRESS leater W baba J BABSON DISCUSSES THE CROP SITUATION BADSON PARK MASS As i as aop lot production is con ened amerian Ameri inn farmers have done tin till outstanding job jot ill tit reint fit years apito image con lids abild in ill Iti alin wall 1 0 g wi i g t conditions condit ondit I 1 0 it s al at though I 1 do tit not look tor for a re ric oid old motil tins this lar it should not be ile fai under tin the ala r lit it adv 1 I lugli high it v I 1 if IW 1955 summer results did lid atut in ati i till lans than ewt bill but tile total iop hiis ka III per tal tit under tho the 1945 ail 15 1154 1954 age kr if ai Is hoover laoue vr we call get alon along not igil for awillie without bil till lion huhl 1 what crops cro iii tit grain at present ion con sti IlitS one of alx h major farm inn commodities the U S carryover arr last jul juin 1 topped 1 I oil one e billion bi bt libels but knib of it was in government hands tile loan program will again siphon a s 1 ib nl portion of the tile current curent r crop out of om mercial chainels this fact is it favorable sign most of the other suni summer merv harvest crops did fairly well with oats perhaps the major ex cep tion although the tile outturn was the smallest since 1945 to tal supplies should suffice ample supplies of barley and flaxseed will be available for the 1956 57 season the barley crop was the fourth and the flaxseed tl crop the second largest on record farmers this year produced the third largest hay crop ever but spot supplies in drought st areas may be tight from time to time I 1 expect grain and hay prices to average higher over the longer term outlook for corn and soybeans Soy beani there is no question as to the adequacy of corn for the current season the above average 1056 1956 crop plus the large carryover from previous years spells record total supplies since government owns or more than bushels and since I 1 forecast that a sizeable portion of the 1956 will enter the loan free need not prove burdensome while moderate price is likely during heavy this fall the market should average higher as the season advances tile U S 1856 1956 soybean crop Is I 1 v far the largest on record and i kill ill exceed total requirements y a wide margin just how niah downward pressure these bavy supplies will exert on iril I 1 remains to be seen the cst test should hould corne toti ic soon with mar it at their seasonal peak the government loan which I 1 tags yi 2 15 a bushel on the farm could buttress prices ond processors have di avd the problem of heavy sol iii supplies with the gov I 1 cmunt I 1 and further govern ii in ill tit nio es mav may be made to hf ip prices cotton and other fall crop crops I 1 lie 1956 US U S totton otton crop now low 1 ing harvested is not bur dello Uns tinie lile since indications are KM domestic Oom estic consumption and exports will decd it although tin the arr carryover last august I 1 was huge around bales a part of this reserve was in ill 9 government overn ment hands and will not now glut commercial channels the good present demand plus the influence of the loan could strengthen cotton prices the indicated dry bean crop I 1 Is not far from average and should suffice for needs the rice outturn is somewhat above average but need not prove burdensome I 1 now forecast that prices of both these items will work higher over the longer term the late potato crop is on the heavy side but the governments diversion venlon dl program should prevent any drastic price decline this fall A glance ahead the course of farm term prices Is vital not only to farmers themselves but to the nation the trend has been moderately downward for several months but the drop from mid august to mid september was only 03 percent yelle further slight near tenn term weakness Is possible the future Is uncertain concerning the problem of farm surpluses acreage controls and the soil bank program could prove quite helpful tor for awhile but I 1 fear we have not yet found the ultimate solution I 1 do not riot know how farmers feel ab about t IT the coming pres presidential identical ident ial cleat election but I 1 hope they will honor the dictates of their conscience and keep the welfare of the country I 1 as a whole clearly in mind |