NEW PRICE FOR WHEAT
“INCENTIVE TO INCREASE CROPS’’ (Hew Zealaiia press A.suctatumi • AUCKLAND, May 25 sole ra'smg the price for next sea--5™ s ,w beat to 9s 9d a bushel at country stations, the Government had given ?Innd rS - '’ artlcul a.rly in the South I!. 1 nd - an ,nc entive to increase the ?h«?r™o der f r S p ’ sa 2 d Mr E - Anderson, ch.uiman of Bycroft, Ltd., al the annual meeting to-day. Referring to the risks in wheat production. he said it took a full year bclore a crop was harvested and. in a a2. se ason. the crop might be ruincd. Consequently, many farmers who used to grow wheat had drifted awav to the production of grass seed, wool and fat lamb raising, which was less risky and, for the time being, more profitable. This position might change hut if the Dominion were to provide all wheat requirements, a long-range policy was needed. Until recent years, wheat supplies could readily be obtained from at least three sources—local. Australia and Canada. To-day. the Domini n was dependent entirely on Auslra’ia and this source could be cut off in peace by drought, and in war by submarine attack, he added.
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Bibliographic details
Press, Volume LXXXVI, Issue 26123, 27 May 1950, Page 3
Word Count
201NEW PRICE FOR WHEAT Press, Volume LXXXVI, Issue 26123, 27 May 1950, Page 3
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