Show european war reduces farm export market government plans to ease effect on agriculture washington plans to overcome the unfavorable effect of the war upon american agriculture are being drawn up by the federal government through the office of foreign agricultural relations while the war has been hurting the farmers agricultural department experts believe that when peace is resumed the aftereffects after effects will be far worse they are convinced that farm prices will continue to suffer unless the war lasts more than three years when increased foreign buying will begin to bolster the market complete governmental control of the economies of belligerents has marked the present conflict the wars in europe and in the orient have assumed an economic character through the widespread use of blockade and counter blockade allied naval blockade closed central Eu ropes markets to american goods german occupation of poland norway denmark holland belgium and france and the entrance of italy into the war barred american products from almost the whole of europe some of these na eions had been among this count rys best farm markets agricultural exports were also seriously affected when the allies pooled their economic and financial resources and centralized purchases through a government commission this effect was increased when england shifted as much of her food purchases to her dominions as was possible she took this step to save her foreign exchange for the purchase of war necessities british imports of cotton and wheat this count rys two principal export crops has dwindled greatly secretary of agriculture henry A wallace estimates that exports of american agricultural products in the fiscal year which began jul july ay iy 1 will be at least 30 per cent below last year this will mark an 80 per cent decrease below the level attained in the first world war En glands market continuation of the war through 1942 may force great britain to purchase a larger proportion of her agricultural supplies from the united states the agricultural department warns however that by this time the belligerents would be approaching pro aching financial exhaustion american agricultural products would be needed but nobody could pay for them it appears likely that both belligerents ligere lige rents and neutrals will find it advisable or necessary to continue many of the economic controls established during the war the department part ment added such controls are not likely to prove beneficial to american agriculture PAYING CAMPAIGN LITTLE ROCK ARK state rep john mitchum lium seeking ff reelection is waging a successful campaign financially you see john henry an expert mountaineer fiddler explained here 1 I figured I 1 might as well charge admission to hear my speeches and listen to my hillbilly band the band plays first I 1 make a speech then we play some more my first speech netted 65 11 american trade can be reconstructed ted after the war only so far as a way is found to finance the transactions foreign countries can purchase american products only by exchange of goods or through the shipment of gold to this country the department points out that use of gold will be difficult because the united states has most of the worlds supply consequently this country will have to consider ways and means of accepting more european goods in payment for purchases here the only goods which these countries have to offer are manufactured products |