FARM PRODUCTS AT LOWEST LEVEL SINCE WORLD WAR
Farm Products At Lowest Level Since World War Department of Agriculture's Index Number Shows Prices Only 8 Per Cent Over 1916 Figure WASHINGTON, D. C—Farmers of the nation are receiving less for...
...On account of the scarcity of feed In the drought areas, however, large amounts of feed cattle and sheep have been dumped on the livestock markets, resulting In a severe drop in prices to now lows...
...A year ago the Index number was at 143, on June lft, 1930 at 123...
...The latter figure Is the lowest reached since the early months of 1916 when prices began to rise rapidly as a result of war demands...
...15, which will be several weeks from the present...
...the present index number for farm products as figured to August 15 is 108...
...Commenting on the low price trend in wheat and the recovery in corn due to the drought, the Department termed the price of the former too low as compared with the latter...
...A slight advance in the prices of some products, due to drought conditions, will probably show a small recovery In the index number when the figures are available up to Sept...
...on July 15 at 111, and on August 15 at...
...According to the Department's index number, which is computed on the year 1918 as a base of 100...
...The Department added that it was an unusual situation when a bushel of corn can be sold for more than a bushel of wheat...
...Farm Products At Lowest Level Since World War Department of Agriculture's Index Number Shows Prices Only 8 Per Cent Over 1916 Figure WASHINGTON, D. C—Farmers of the nation are receiving less for their products than they have since 1916, according to figures just issued by the Department of Agriculture here...
...According to compilations made by the Department of Agriculture statisticians, farm prices began their abrupt war increase early in 1916...
...Even during the 1920 and 1921 depression, the index number did not approach this low figure...
...Hog prices have showed small ' gains, and drought hay and dairy products have advanced somewhat over the August prices...
Vol. 1 • September 1930 • No. 42
