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Show Farmers Must Plan We!! Far 1930 Crops Outlotk Report Shows Need For Further Agricultural Adjustments Careful Planning Is Necessary Farmers mns plan for their produc Men. this year particularly in view of the en look for prices of each product during the next expenditure--; carefully to maintain farm incomes, savs tho annul Outlook report re-port for 1930 prepared by the Bureau Bu-reau of Agricultural Economincs in cooporr.tion with representatives ol the agricultural colleges and extension exten-sion services of 45 states and of the Federal Farm Board. The following follow-ing is a summary. Domestic Market Outlook The domestic market may improve im-prove later in the year, but it is unlikely that the demand for farm products in the summeer and fall of 1930 will be as good as during last summer and fall. The demand for some farm products already has been effected by the decline in industrial in-dustrial activity since last June, Butter, cotton, and wool have noticeable no-ticeable affects, and apples, potatoes, pota-toes, and grains have failed thus for to make the usual seasonal price advances. Wheat There is little in the wheat situation situ-ation in the Uniteo. States and other oth-er countries at present to indicate that prices for the 1930 crop of the United States will be much different differ-ent from those prevailing for the 1929 crop, unless fall-sown wheat suffers severe winter damage or the spring wheat acreage is reduced. Beef Cattle Beef cattle raisers who contemplate contem-plate expanding production are faced with a general tendency to increase the number of cattle and with a downward trend in prices over the next decade. Dairying The underlying dairy situation is not as bad as would appear from present butter prices, but unless dairy herds are closely culled and more heifers sent to slaughter, there will be a further increase in the size of the dairy herds in 1931 and 1932. Sheep and Wool The high point in the expansion of the sheep insusxry has been reached, and it is unlikely that prices for sheep and lambs can be maintined at the high levels of the past three or four years. Some reduction re-duction in world wool production is expected by 1931, and it is unlikely unlik-ely that demandw ill have improved by that time. Poultry and Eggs The present outlook for poultry and eggs does not justify any in-, crease in production of chickens over ov-er 1929, either for eggs and meat, unless producers are willing to face the prospect of reduction in price levels. Feed Grains, Hays, Seed There is no material improvement in either domestic or exported demand de-mand for oats in prospect, whereas more active competition from larger larg-er supplies of other feed grains, is probable. Feedstuff prices are expected ex-pected to continue lower than a year ago, during the next three or four months. A further increase in the acreage of legume hays and decrease in acreage of timothy, par-airie, par-airie, and other grass hays are expected ex-pected this year. Repetition of the large production of red clover and alsike clover seed is not expected. Maintenance of acreage of alfalfa for seed, but curtailment of sweet clover for seed, is suggested. Potatoes Potato growers report that they intend to plant an acreage 6 per cen larger than was planted last year, apparently forgetting the unprofitable un-profitable season of 1928. The high potato prices being received now are not the result of a low acreagfc last season, but are due almost entirely en-tirely to adverse weather conditions last summer. If the intentions for 1930 are carried out, prospects are for lower potato prices after 1st of July. Lettuce The constant tendency toward expansion ex-pansion of lettuce acreage particularly particul-arly in California and Arizona, confronts con-fronts the industry with a difficult marketing problem, although there is as yet no evidence that the peak of demand has been reached. Onions Onion growers in most states will find it advantageous to reduce acreage. ac-reage. Dry Beans The acreage of dry beans seems to be well adjusted to domestic demand. de-mand. Cabbage The present prospect is for favorable fav-orable cabbage markets until August, Aug-ust, in view of relatively light holdings hold-ings of old cabbage and reduced acreage in southern areas. Further Furth-er Increase in late cabbage does not seem warranted. Sug-ar The world sugar production probably prob-ably will continue large and prices relatively low, but apparently the tendency to increase production has been checked and some slight improvement im-provement in prices is in prospect. |