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...Roosevelt might have an acute food shortage on his hands. On the other hand an ideal combination of sun & rain can produce such bumper crops as to wipe out all trace of acreage cuts and send prices slumping to even lower levels. One year an acre will produce 12 bu. of wheat, the next 24 bu. Such is the gamble Secretary Wallace must take...
...consumed (1914-1916 average) about: 42,000,000 Ib. of hops; 60,000,000 bu. of barley; 18,000,000 bu. of corn. C. It had invested (1914) about 42,000,000 in plant and equipment...
...hops* (80% of the 1932 crop), 30,000,000 bu. of barley† (10% of the 1932 crop) and 10,000 bu. of corn (about ⅓% of the 1932 crop). But home brew, illegal brew, and ½% beer is already using part of these amounts. About 6,000,000 Ib. of hops were used for other than brewing in pre-Prohibition days. Assuming that this amount still holds, then the beer business may be said to be already operating at about 45% of its pre-Prohibition capacity. If it is going to operate at 50% the demand for raw materials...
...Wheat (bu...
...into butter. This tax, which processors were expected to pass on to consumers, must "equal the difference between the current average farm price for the commodity and [its] fair exchange value"- that is, pre-War parity. Thus the wheat processing tax last month would have been around 56? per bu., the cotton 7? per Ib., the beef 2¢ per Ib. Such taxpayers were made eligible to borrow the necessary funds from R. F. C. Processors of farm products for export were to get tax refunds. If the public tried to dodge the tax on cotton, for example, by turning...