Word: bu
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Dates: during 1930-1939
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...acreage by 20%. But when the farmers got home at night, they were more likely to remember Mr. Legge's clenched fists, his red, sweating face, his "hells," and "damns" than his plain-as-a-pikestaff argument that, with world prices down, U. S. wheat production (850,000,000 bu.) must, to be profitable, be cut down toward domestic consumption (650,000,000 bu...
Discouraging reports reached the Board on the amount of crop acreage reduction. Southwestern planting foreshadowed a harvest of 45,000,000 bu. over last year...
...bought in the 1929 wheat crop surplus (TIME, March 10). Since last Autumn it has been buying heavily into the 1930 crop. Fortified with its full appropriation ? $500,000,000 ? from the Treasury, its actual and future wheat holdings are now estimated above 200,000,000 bu. Its operations have kept domestic prices of the 1930 crop from 20¢ to 35¢ per bu. above the world level. Until last week the biggest question was: "Will the Board continue price-pegging when the 1931 wheat crop starts rolling in upon the market about July 1?" The answer: "It will...
Explained Chairman Stone by way of justifying the Board's old policy: "Let's assume we're going to lose $50,000,000 out of the Treasury. . . . [Without our intervention] I believe prices would have gone to 40¢ per bu. There would have been many bank failures . . . a debacle...
When representatives to a European grain conference at Paris last week (which accomplished nothing) learned of the Farm Board's export plan, they raised an anxious cry: "Dumping!" Quick were they to point out that by putting 35,000,000 bu. on the already depressed European wheat market the U. S. would be doing the very thing about which it had complained most bitterly against Soviet Russia. Resentful of this foreign criticism, Farm Board Chairman Legge retorted: "Sheer bunk and Bolshevik! No comparison! Russian wheat was sold at prices far below world prices but wheat from...