LESS WHEAT

Nelson Evening Mail, Volume LXIV, 12 March 1930, Page 5

LESS WHEAT

OR NO ASSISTANCE

Warn IMi to u.s. farmers I i f 1 ...-.‘■‘Wl *4.\, 1

AGAINST BLIND PRODUCTION

(United Prees Association—By Electrio

Telegraph—Copyright)

(Received 12th March, 12.55 p.m.) WASHINGTON, llth March

Mr Legge issued ;i warning that, unless wheat farmers reduce the acreage by 10 per cent, to prevent another wheat surplus the farm hoard will lie unable to help them to get a fair price next year. Mr Legge in a virtual ultimatum in a letter to Governor Shafer, North Dakota, explained that “the board will have a hundred million bushels of wheat oil hand at the end of this year and there is no hope of dumping much on the export market, nor is there hope of relief of the congestion at terminal markets within 60 days. The tendency scorns to be for congestion to grow worse instead of better, which is due to rapid liquidation by Australia, Canada, and the Argentine.” Mr Legge stated that he believed this would continue at* something below the price level in the United States no matter to what basis that level went. He continued : “If farmers are going ahead trying to produce an additional surplus on the basis that some way will bo found to lake care of it on a fair price level another .year, they are going to be mistaken. If they co-operate the stabilisation corporation will he justified in paying storage charges on carrying this wheat for a time in the hope that a crop shortage somewhere in the world will give an opportunity to unload it. If, on tlie other hand, the farmers’ attitude is to ‘let George do it all’ the natural procedure would seem to he to dispose of this wheat at the best they could and write off the loss; but this would adversely affect the price of the 1930 crop. There is no possible solution unless wo get the co-operation of wheat growers themselves. No other industry blindly produces without attention to potential market possibilities.”