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Show '42 Wheat Recent Vote Makes Crop Loan Available And Holds Price On Par In Nation Nation-wide approval of i342 wheat quotas assured county wheat farmers of parity prices for their crop this year despite supplies exceeding ex-ceeding even those which prevailed during the "two-bit wheat" era of the early thirties. Preliminary returns in Idaho showed that out of about 10.S75 votes cast, more than 90 per cent favored continuing the quota marketing mar-keting system used last year for the first time. Reports showed that more than 350,000 wheat farmers far-mers in the nation voted 81 per cent in favor of quotas. Out of 3S9 votes .cast in Franitnn county, 353 were in favor of the quota, with 36 opposed. The passage of the quotas makes loans on 1942 wheat available to farmers at a loan sixteen cents a bushel higher than last year, the county committeemen said Loan price support, added to a conservation conserva-tion payment of 9.9 cents a bushel and a parity payment of 13.5 cents per bushel to AAA cooperators who planted within their 1942 wheat acreage allotments, will bring cooperating co-operating wheat producers In the county returns for their 1942 crop which are on a par with tue general gen-eral price level of the nation. Contrast the $1.21 a bushel we'll get for our wheat this year, counting count-ing AAA payments, with the prices we got in 1931 and 1932 when the supply of wheat also went over a billion bushels. The U. S. average price in" 1931 was 39 'Cents a bushel, bush-el, and it was 3S cents a bushel in 1932. With the freight from here to Chicago deducted, we were getting get-ting two bits and less per bushel for our wheat in those days. The wheat program is holding prices at parity now in spite of a billion and a half bushel supply. There is little prospect for the $2.wlv.at of So lap! war to rcturp; however, the committeemen said, because both U. S. and world wheat supplies far exceed the export for market even if the war was not restricting foreign trade in wheat to a minimum. In 191G, , most of Europe was in the market for U. S. wheat, other major wheat exporting ex-porting countries had not entered the world market on their present scale, and the Atlantic was open for ships which were not as busy as they are now in transporting American arms and munitions. . |