| Show ta b t az e ats 1 market arket Is ur umed advised to carry over abre product from large crop years prepared by the united stites state department nt of agriculture partners farmers of tile the united states can sometimes sell a small email crop of oats for more adre money than they can sell a large crop this situation could b be changed by regularly carrying over more oats from the large crop years yeara to the small crop years yeara says the united states department of agriculture when a surplus Is produced a large part of it Is quickly used up instead of being carried over to years bears when the crop Is small E economists cono mists in tile the department of agriculture have figured out what the effect on tile the 1 gross value of our out oat crops would havo been had producers followed the example timple ex of joseph in the land of egut and saved up the surplus from fat years to eko out tile the supply in lean years could have saved money it la Is estimated thua the producers could have receive or about nine cents a bushel litis liel more on the carryover by storing curp limes and regulating their movement to maj macket ket in the period from froin 1805 5 to 1913 this calculation is based on oil the assumption tit thiet at a regulated movement moui nent of tile crop would have eliminated extreme price hue flue tuat luns ions find and mused caused the price to con form to tile general trend the hie gross value ulue of 0 the oats con consumed guniel in the united states from 1895 1893 to 1813 on off the lie buhls basis of the lie december I 1 farm p pi i ices was ai A policy of carrying cirii ln sui plus from deurs eurs of overproduction to years 3 ears of relative short age says sas clr department would pi pio buLly if leave ave increased this value alue u up p to SO n this liia hiding finding Is not offered as hb sol conclusive o it Is based on maniates Mini ates and leaves out of the reckoning such considerations ng aiji local pi lit lies ace differences delroi dices due to graam prade 3 and sto storage ruge costs nevertheless the study lg Is in lined to indicate that there Is un fill busts b ills for efforts cn oits to dis the out ont supply in ili a if moio or order ly 1 ni anner the hie popular view lew unit that a large 1 H crop KI may often be worth leeg lhnn in it crop Is conkli confirmed nied four large oat crops harvested in 1002 amt DO 1905 an and ILM 1005 hid a value alue cl of 69 i libs less than that of four sin ill crops harvested in 1001 1901 ioui 1 11 find 1908 here la 13 a clear in alii It callon th that it more inore uniform tion ion would mould have hae bi ought brought an all inci increased cased cash kihli return study of seasonal price trends bears 0 out tit this conclusion it Is shown by the il tint that when the price of oils nt fit the beginning of the crop year deenis considerably above the ito mil st seasonal pi price ice for a crop of the lie alze being it ulay be to fall below the normal st is binl price j nc fit it tit alip pud it of the arop crop anvar M ir this Is because the abnormally ldah price early eail in ili the lie vear er reduces c such reduce induced tion inest be compensated by b tin iu ex e low lo 10 price pi ice later on oil or part of the lie crop aoi will not be fold A properly 1 price would be the same llin eliout the season except for a gra gracial lial advance to cover tile the cost of floii 1 sl I ora P e to maintain such a price it be necessary to have hae tin uniform throughout the se leaon aon in like manner forill boim cot from year car to year icar 1 Is to prevent ex treille price when annual production varies ine i widely normal annual price the department found thata normal annual price can be figured out tor for oats on tho the basis of the united states supply because that supply Is pro deuced and mostly consumed within the country exports of oats from 1909 to 1913 and since the war wak have aver aged ag ednot not more than two per cent of 0 the crop imports ot of oats have been still smaller on the ahe other r hand in the case of wheat tile the price of which Is determined in the world market i it Is not possible toes to assume sume a normal nominal annual price based on american conditions dit ions the influence of the united states crop on ahe the price of wheat at chicago Is measured by a coefficient efficient tit of only whereas the influence of the crop of the entire world on the chicago price Is measured by a coefficient of thus wheat prices declined following the short united states crop of 1893 when world production was large an the other hand they arose after short crops in the united states and in the world in 1907 1908 and 1911 they declined in 1913 when the united states had a normal crop and ud the world crop wits was large this Is worth bearing in mind by farmers who contemplate a shifting af between wheat find and oats A change which would affect wheat prices very little might have a big effect on tile the price of oats because oats are sold IQ in a narrower market a arket |
