| OCR Text |
Show ' . 1 - - Large Feed Supplies In Sight For Farmers, More Than Ample For Needs Farmers should have plenty of feed grains and other concentrates con-centrates during the 1950-51 feeding season, according to latest lat-est reports by the Department of Agriculture. If present prospects pros-pects are realized, feed grain supplies in 1950-51, for the third successive year, will be more than ample for domestic and export ex-port requirements, and carry-over at the close of the season would again be large. Expectations of another bumper corn crop of 3,2 billion bil-lion bushels this year and a record rec-ord carry-over of 950 million bushels may boost the corn supply sup-ply to more than 4 billion bushels bush-els for the second time a level only slightly below the record supply of last year and more than a third larger than just before the war. The supply of oats is expected to be around 1,693 million bushels, and the supply of barley may total almost al-most 383 million bushels both 1 above average. In early July, close to 800 million bushels of 1948 and 1949 corn were under loan or owned by the government. While some of this corn will be redeemed- by farmers or sold by the Commodity Credit Corporation Cor-poration between now and October Oc-tober 1, the beginning of the corn marketing season, it now appears likely that two-thirds or more of the 950-million bushel bush-el carry-over will be under price support. This would mean that less than 300 million bushels of the corn carryover and about 3.5 billion bushels of the total corn supply would not be under price support. The acreage planted to corn in 1950 totaled 84.2 million acres, about 3.8 million acres less than in 1949 and the smallest small-est corn acreage since 1894. |
