FARMING IN AMERICA.
A SERIOUS DEPRESSION. NEW YORK, December 10. The annual report of the Secretary of Agriculture (Mr. H. C. Wallace) emphasises the serious condition of farmers in the United States, who arc faced with 25 per cent increase of taxation in three years, and rapidly-disappearing foreign markets. Mr. Wallace declares that they must radically alter their present methods.
In 15 wheat and maize growing States 8J per cent of farmers have been compelled to surrender properties through bankruptcy, -while 15 per cent are actually bankrupt, but are retaining their properties through the leniency of creditors. The report stresses the necessity for diversification of crops by wheat farmers, and indicates that wheat areas are being rapidly decreased. It adds that producers of crops which are mainly consumed within the United States have succeeded in readjusting themselves to present conditions.
The report concludes that the tariff gives farmers necessary protection, but depreciated currencies limit foreign purchases.— (A. and N.Z. Cable.)
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Bibliographic details
Auckland Star, Volume LIV, Issue 295, 11 December 1923, Page 5
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160FARMING IN AMERICA. Auckland Star, Volume LIV, Issue 295, 11 December 1923, Page 5
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