| Show AN impoverished Cr STOMER CANT BUY american farmers this year are going to spend a bit more than in in 1923 this is indicated by the fact that they are placing more orders farmers spending this year is of 0 course regulated a lot by their profits or losses in 1923 last years crops for the whole country according to department 0 of agriculture were valued at million dollars which was about 1000 millions more than the year before says the department the distress of wheat growers is strikingly shown by the estimate of the value of the 1923 wheat crop which Is million dollars compared with millions in 1922 and 2080 millions in 1919 that was equivalent to a city man having his wages reduced nearly two thirds in two years farmers in 1923 got for their crops and meats about a fourth more money than in 1914 but prices and costs had about doubled so figured in terms of prewar buying ii power ower the farmer in 1923 was only three fifths as prosperous as before the war this affects all of us tor for prosperity cannot be on a sound and steady basis unless there is a just balance between city and farm buying power since each is the customer of tile the other an impoverished customer cant buy the foreign markets outlook tor for the american farmer might be brighter international inter national institute of agriculture in rome name estimates that on july 31 therell be million bushels of old wheat on hand in exporting countries compared with US million bushels july 31 1923 the surplus powerfully affects prices it might possibly be counteracted by a lower world wheat yield in 1924 A lot depends on the weather in the nine months ended april 1 american wheat exports were almost sixty tour four million bushels less than in the corresponding period a year ago and corn exports decreased over sixty five million bushels meat bleat exports made a big gall gain 1 |
