Show Farm News I Ian Now for 1047 1917 With the tho 19 1946 4 G Agricultural Conservation Program year ear drawIng drawing draw draw- ing t to a close cooperating farmers farm- farm ers eis should begin laying plans for 1947 advised ad C. C I I. I Foy For chairman chairman chair chair- man of the Garfield County AAA J. I Committee He urged farmers to become more moie familiar with the provisions of the tho 1947 program so that they can make bettor better use of it t in improving their farms and ranches and in getting more efficient use of oC irrigation water Funds will be made available to the he county committee to assist farmers of Garfield county in carrying out conservation tices Ices These payments to farmers anners represent the Nations Nation's responsibility in carrying part of the he the load of protecting the soil water resources of the coun- coun tr try ry Just as military defense Is a National responsibility and the expense is shared by taxpayers so o defense of the soil and water waters is s a national responsibility and anda a a part of the time cost of that protection tion ion is borne by the country through the government Mr Foy said Under the program a farmer armer Is carrying his part of the he responsibility by paying his share hare of or the cost of the practice and by carrying It out on his farm arm or ranch Wool Stocks Large I Large over carry stocks of wool will probably remain a problem for some time although the he the recovery of wool consumption in n many m n countries has been encouragingly encouragingly en- en rapid World stocks of f wool were estimated last June une 30 at five billion pounds three times as much as before beCore the he war Of this amount 26 billion bilion bil- bil lion ion pounds are owned b by governmental governmental gov- gov organizations S1 81 per percent percent cent cut by the United Kingdom and the he balance by the Credit C Corporation in the tho United States tates Outlook for disposal appears better than a a. year ago because large arge quantities of British Dominion Dominion Do Do- Dominion minion wool h have ve moved from governmental to private ownership owner owner- ship hip during 1945 World wool production in 1946 is expected to reach 37 billion pounds about the he same as the 1945 output and the he prewar average As a means of meeting the situation the tho formation of an International wool study group to o keep the world position under inter governmental review was proposed at the International Wool Talks recently concluded at London Delegates from 13 nations attended the tire meetings Crop Insurance A recent issue of The Spectator tor tor an insurance magazine re re- yews the tho Federal Crop Insurance Program and compares it with programs in foreign countries and private ventures In this country The magazine points out that while big Industries their ware their workers and their buildings have been Insured ed for tho past several decades the vast lands and valuable crops of or the American farmers were financially unprotected And yet farming Is the largest single In Industry industry In in- and the instability of its income can readily affect the national national national na na- na- na economy t I Insuring f farm a r Im I'm m operations against destructive forces of nature nature nature na na- na- na ture is not a new Idea The Spectator Spectator Spectator Spec Spec- says explaining that several several sever sever- al large companies from 1917 to 1923 lost over o in an attempt to insure crops under an risk all-risk plan The most recent attempt in 32 1931 in Kansas was on wheat crops and resulted in an in large losses to the private company underwriting the ven ven- venture ture Principal difficulties encountered en en- countered In private attempts in crop insurance include Lack of or adequate data adverse selection of risks Insurance of dollar value as well as premIum yield Inadequate inadequate quate geographic diversification inadequate capital and unwillingness unwIllIngness unwillingness to continue after Initial losses |