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Show WHEAT QUOTAS TO GOVERN PRICES FOR COMING YEAR Western Division Director Direc-tor of AAA Explains Provisions Pro-visions of Wheat Marketing Market-ing Program Wheat growers who vote in favor of wheat marketing quotas will be only voting themselves a reasonable price for wheat for the coming year, declared N. E. Dodd. director of the Western Dn-vision, Dn-vision, AAA, when he met with. AAA officials and farm leaders here this week. Mr. Dodd with John Dexter, regional representative of thte Division Di-vision of Information, AAA, were in Lgan to explain the provision provi-sion of the proposed wheat marketing mar-keting quotas and the referendum which will in all probability be held May 31. Mr. Dodd explained that if farmers farm-ers reject the marketing quotas on wheat there will be no Loan program for 1941 and the 400 million mil-lion bushel carryover of wheat will have its full impact on the wheat market to depress prices. He said there will be a supply of more than a billion,200 million, bushels of wheat for the 1941-42 marketing year of normal crops are produced. For all domestic use and expected exports thte United States can use only 680" million bushels of that. "Unless farmers limit the amount of wheat going inito the market there is no hope here in Utah ? firers gel tin? more than 30 cents a bushel for their wheak next fall if the price is not supported sup-ported by the quota and the loan program,'' he said. Dr. Dexter called attention to the idea held by some farmers that because of the war condition in Euorpe there might be a posi-bility posi-bility of increased prices for wheat He said this idea was prompted by remembering what happened in the World War 1. "However, said Mr. Dexter, "there is a vast difference in con-now con-now and conditions then. At that time Europe had na wheat, Cana. da and Argentina were not In the world market with huge supplies of wheat and the United States had the market. Today these countries have huge supplies of wheat, and Europe is not buying wheat from the United States. Farmers of this country are faced with surplus wheat and no placa to sell it." "And, unless farmers take care of the problem themselves through their program with the loan program pro-gram and marketing quota, there is nothing in sight that would indicate that wheat prices will not go down to 25 or 30 cents, or even lower," he declaired. Both Mr. Dodd and Mr. Dexter called attention to the wheat surplus sur-plus in Canada of more than 500 million bushels when asked if there will not be a possibility of selling wheat to Great Britain. "Since all farm commodities are more or less tied together, if the price of wheat breaks it will have an adverse effect on the prices of all farm commodities for market,'' mar-ket,'' Mr. Dodd averred. "A vote for quotas is a vote for orderly marketing and price support sup-port while a vote against quotas in a vote for unlimited marketing and no price support," he coa-cluded. |