WORLD WHEAT

Hokitika Guardian, 4 July 1930, Page 3

WORLD WHEAT

AMERICAN FORECAST, _k ' ! " y

United Press Association—By Electric U’elegiaph—Copyright).

NEW YORK, July 3

;Thc U.S. Department of Agriculture has issued a special report on the world wheat outlook in which it declares that extensive adjustment in the wheat acreage of the. country, must be made if wheat production is to be. profitable,, to the growers during ihe next six or ten years. This is, necessary, the report declares, to meet the intensified competition in the world markets, due to the increasing production of other countries, and to the lack of demand.

Discussing the 'necessity .of looking forward for , longer . periods than before, and for an increased production, coupled with an inadequate demand 'the report stated: “The wheat area in the South Western United States in j. 919 was fourteen, millions acres larger'than in 1910, while that of Argentina, Canada and Australia was twen-ty-eight million acres larger. The expansion of the hist few years has been made possible by unproved equipment, new wheat .varieties and improved cultivation , practices, particularly where the rainfall is scanty. Thus, wheat has latterly been raised on lands that hitherto had been thought: u.nsuited for it. Large arena of such lands are still available at low costs in important surplus—producing'countries!. Within the next decade Russia is. likely to again enter the export field as an important competitor.”