WHEAT CROP IN U.S.A.
ENOUGH FOR DOMESTIC NEEDS RECESSION OF WORLD PRICE (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) Washington, August 13. Interviewed by the„ Press to-day, the Secretary of Agriculture (Mr H. A. Wallace) gave an assurance that nothing in the nature of a food shortage would result from the short crops. Mr Wallace said that, despite the drought, the wheat production would be adequate for domestic needs, with the higher prices probably inducing enough planting to provide 150,000,000 bushels of an exportable surplus in 1937. This would probably reduce the world price from 20 to 30 cents a bushel. For the current year he did not expect the imports of wheat and maize to exceed those for 1935. Answering a charge that the Administration’s curtailment programme was in any way responsible for the situation, he said that actually there were more acres of wheat harvested this year than the average from 1928 to 1936.
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Southland Times, Issue 22969, 15 August 1936, Page 7
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156WHEAT CROP IN U.S.A. Southland Times, Issue 22969, 15 August 1936, Page 7
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