THE WHEAT PROBLEM.

Poverty Bay Herald, Volume LII, Issue 17080, 8 July 1926, Page 7

THE WHEAT PROBLEM.

NEW LIGHT REVEALED. GROWERS ACCEPT 5s 6d A BUSHEL • —— (Special to- the Herald.) CHRISTCHURCH, this day. Already some growers have sold their wheat for next year on a basis of 5s 6d a bushel, says the Star. This fact throws a rather different light on the wheat question, and on statments made luring Hie current controversy that it is impossible for farmers in New Zealand to grow wheat at under 7s a bushel and make a profit. Whether growers who have made sales at the smaller price think it is a payable one, or whether they think that on account of the large quantity of wheat it is expected will be produced in New Zealand next year, 5s 6d will then be a good price, is not known. The fact remains that sales have been madtt at 5s 6d, and probably the growers who have made them expect that, given good yields, they will make a profit off their crops. It is interesting to note that one grower who has been very insistent this season on obtaining 7s for his wheat, offered to sell 10.0C0 bushels of next year’s wheat at 5s 6d, and also to give a guarantee that.the wheat would he of good, milling quality. Another grower who sold the product of a 50-acre crop at 5s 6d stated that he intended to sow another 50 acres, so apparently he was satisfied with the price.