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Dunstan Times, Issue 3101, 9 January 1922, Page 7

According to a writer in an American paper agriculture in the United States is faced by about the most severe crisis m its history. The nations of Europe learned quo thing from the war —that a nation/is strong in proportion as it is self-supporting. The nations of Europe are no longer willing to buy supplies from America if they can produce them, and the foreign markets for American farm produce are virtually cut off. In the meantime farmers must be able to finance their growing crops; dealers in agricultural products, if they cannot sell now at a profit, must be able to hold their stocks until a profit is possible. Thus in a period of something less than two months from the time that the President affixed his signature to the farm credits law, which enables the Government to come to the rescue of the somewhat dilapidated agricultural industry of the country bv the extension of ciedits up to £400,000,000 if necessary, the farmers of the country have been virtually swamping the banks m their appeals for aid, according to officials in charge of the administration of farm loans.