DAIRY PRODUCE.

Taranaki Daily News, 14 August 1920, Page XIII

DAIRY PRODUCE.

WARNING TO FARMERS. In reporting at the meeting of the Hawera branch of the Farmers' Union on Saturday that Mr. O. Hawken, M.P., had been appointed to represent the Union at the conference of wool growers to be held ia Wellington, Mr. F. Mills made a few remarks which those who are carried away by the present high prices for dairy produce will find worth considering. j Referring to the disquieting position in regard to the wool market, Mr. Mills said that the Imperial stores were full of wool, a great deal of the wool purchased had not yet been lifted, and there was in the Argentine 200,000,000 lbs. of coarse for which thero was no demand. The market, he said, seemed to have gone to pieces in a moment. There were two things that were very striking. . Though the position of the wool market was now so desperate that the Prime Minister thought it necessary to call an urgent conference of those engaged in wool production, no difference was reported in the price of manufactured woollen goods. Another point made by Mr. Mills was that they as dairy farmers should accept the position in regard to wool as a warning. The markets in all other respects were excellent, but they had to realise that there was no such thing as certainty. Until the Imperial Government had actually purchased their dairy produce they would not know what they were going to get, and men who had purchased land on the assumption that tho high prices for produce would last for years were doing nothing less than gambling. The position in which the wool people found themselves should, ho repeated, be a warning to them. They did not know how. long the high prices would last. Had tho wool people been asked twelve months ago what their prospects were they would have replied that they were good for years. This was just Vhat the dairy farmer thought to-day about bis produce.—Star,