REDUCING WHEAT SURPLUS
WASHINGTON, Wednesday. It is announced definitely that the Federal Farm Board will buy no more wheat for a considerable period. Until the present surplus is reduced through a voluntary decline in production by growers, until the supply practically equals the domestic consumption or there is a decline in the world’s supplies, the stabilisation features of the Agricultural Marketing Act will not bo invoked again. In the meanwhile it is stated that the board will hold the 69,000,000 bushels it purchased last spring until the price reaches a point equal to that paid for it. Apparently the (Government is determined to continue to sanction this attitude of the- board in spite of the possible effect on its political fortunes.
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Sun (Auckland), Volume IV, Issue 1027, 18 July 1930, Page 11
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121REDUCING WHEAT SURPLUS Sun (Auckland), Volume IV, Issue 1027, 18 July 1930, Page 11
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