DOMINION’S WHEAT

Poverty Bay Herald, Volume LXI, Issue 18530, 17 October 1934, Page 13

DOMINION’S WHEAT

THE ESTIMATED CROP

AN AWKWARD ACREAGE (l’er Pross Association.) CHRISTCHURCH, this day. An estimate that between 240,000 and 250,000 acres bad been sown in wheat this season throughout New Zealand was advanced hv Mr. W. W. Miilholla.nd to a meeting of vvlieatgiovvors’ delegates to-day. ••Tins' i.s a very awkward acreage from tlie marketing point of view," Air. Alulhollainl said. It would be well on in the season before it would be clear whether the crop would be in excess of requirements or otherwise. This was a lialycon state of affairs for speculators, but it .was unsatisfactory to growers, some of whom might be in the position of having to sell their wheat for less than it was worth.

The wheatgrowers, in a letter to the Rt. Hon. O. W. Forbes, state: “Even iii tlie event of a smaller crop than is necessary for New Zealand's requirements, there is a certain danger of a collapse in price during March, April and May, when growers are most anxious to turn produce into cash, and so flood the market. Even where there is a considerable. shortage in the total yield, the fact is not generally known, as it does not, become apparent until after heavy ea rly deliveries have been disposed of, and the grower is the loser through disorganised marketing.