Show PM A farm news plan now for 1917 10 H with the 1946 agricultural conservation program year drawing to a close cooperating farm ors eis should begin laying plans tor for 1947 advised martel anderson An deison chairman of the pluto plute county AAA committee lie he urged tarm farm e eis t to 0 become more moie familiar wit with the provisions of the 1947 arr pro grain giam so that they can make be better use of it in improving the their farms and ran ranches clies and in getting more lore efficient use of irrigation water funds will be made available to the county committee to assist farmers of plute county in carrying out conservation practices these payments made to farmers represent the nations responsibility in carrying part of the load of prote pi electing acting the soil and water resources ot of the country just as military defense is a national responsibility and the ex expense pense is shared by taxpayers so defense of the soil and water is a national responsibility and a part of tile the cost of that protection Is borne by the country through the government mr anderson said under the program a farmer Is carrying his part of the responsibility by paying his share of 0 the cost of the practice and by carrying it out on his farm or ranch wool stocks large laine i large carryover carry over stocks of wool will probably pio bably remain a problem tor for some time although the recovery of wool consumption in many countries counti ies has been encouragingly cou rapid world stocks af pf ot wool were estimated last june 30 at five billion pounds three times as much as before tile the war of this amount ag billion bilon on pounds are owned by governmental ein ern mental organizations 81 per cent by the united kingdom and the balance by the credit corporation in the united states outlook for disposal appears better than a year ago because large quantities of british dominion in I 1 a ion wool have moved from governmental to private ownership during 1945 46 world wool production in 1946 Is expected to reach 37 billion pounds about the same as the 1945 output and the prewar average As a means of meeting tile the situation the formation of an international wool study group to keep the world position under intergovernmental governmental inter review was proposed pio posed at the international wool talks recently concluded at london delegates from 13 nations attended the meetings crop insurance A recent issue of the spectator an insurance magazine re I 1 bews yews the 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 inser ed for the past several decades the vast lands and valuable crops of the american farmers were financially unprotected and yet farming is the largest single industry and the instability of its income can readily affect the national economy 1 i insured farm operations against destructive forces of nature is not a new idea the spectator says explaining that several large companies from 1917 to 1923 lost over in an attempt to insure crops under I 1 an all risk plan the most recent attempt in 1931 32 in kansas was on oil wheat crops and resulted in large losses to the private company underwriting the venture principal difficulties encountered in private attempts in crop insurance include lack of 0 adequate data adverse selection of risks insurance of dollar value as well as premium yield inadequate geographic diversification inadequate adequate ip capital and unwillingness ing ness to continue after initial losses |