Page Six
Heppner Gazette Times, Heppner, Oregon
Thursday, May 22, 1941
Thursday, May 22, 1941
3
AAA
1 93 1 WMEAT PKHCES
DOMESTIC
MARKET
WORLD
MARKET
Billion Bushel Supply
40c
40c
Good Export Market-
1940 WMEAT PKDCES
UNDER Loans 60c
AAA Payments 20c Total
WORLD
MARKET
Billion Bushel Supply
80c
10c
Very Little Exports
1941 WMEAT PKDCES
BILLION BUSHEL SUPPLY
EXPORTS ALMOST STOPPED
WAR RESERVE NEEDED
PRICE SUPPORT THREATENED
QUOTA REFERENDUM CALLED
O
WHY QUOTAS?
One and one-quarter billion bushels of wheat! Enough to last the country 2 years,
without growing a kernel. That's how much wheat America has in sight.
A big crop is on the wqy. Foreign markets are nearly non-existent; the war blockades
our customers out and our wheat in. No chance for consuming more wheat in America.
More wheat and fewer markets. A few years ago this would have meant 40-cent wheat.
But not now. Last year farmers used the AAA program to get an average return of 80
cents. This year supplies dammed up by the war threaten a price collapse. It need not
occur, because farmers have the power and the means in the AAA program of dealing
with price-breaking surpluses.
it Marketing quotas provide for such an emergency. Cotton and tobacco farmers have
long used them. Now it's up to wheat farmers to decide whether they want to protect their
income in this manner, and preserve the surplus as a reserve needed in case of war. On
May 10 the Secretary of Agriculture proclaimed wheat marketing quotas in effect. But
they won't stay unless two-thirds of the wheat farmers voting in the referendum May 31
approve them.
How They Work
If approved, the quotas will divide
more equally among all growers the res
ponsibility for adjusting to a limited
market. Surplus wheat above the pro
duction from acreage allotments will
be kept off the market. This holds sur
pluses back until they are needed.
A Sample of the Ballot To Be Used
V 1M1 WHEAT MARKETING QUOTA REFERENDUM MLLOT
Do you favor wheat marketing quotuT
If Ml ar. mMcd Is M4aa
pat "!' la Uilabel
TBS NO
II t.i ve la fiT tf U
pot "I" ia tali Ini
TO WHOM THEY APPLY
Under quotas the farmer who has seeded within his acreage allotment-the coopera
torwith the Triple-A program-can sell all the wheat he raises without penalty. Furthermore
he can put it under government loan at the full rate.
The man who overseeded his allotment can sell wheat he raises on his alloted acreage.
He can sell his excess wheat by paying a penalty, or he can store it for a government loan
at 60 per cent of the full rate.
If quotas are voted down, government wheat loans on the current crop are prohibited
by law because loans on uncontrolled surplus are an unwarranted risk of public money.
Without loans, which have upheld the price, wheat prices would skid to the world levels
or lovyer. Many wheat farmers would shift to dairying, stock feeding and poultry raising.
Low-priced wheat means lower income for other farmers.
The wheat marketing quota referendum is a chance for farmers to demonstrate that
they want a program, want the opportunity to handle their own problems. Every farmer
affected by the quota has one vote.
YES
The Undersigned Urge That You Vote YES In the Quota Election May 31
YES
HEPPNER
Heppner Branch, First National
Portland
Morrow County Creamery Co.
Central Market
Safeway Stores
Ferguson Motor Company
Harry O'Donnell
Aiken's Place
Bank of Wilson's Men's Wear
Braden-Bell Tractor fir Equipment Co.
Tum-A-Lum Lumber Co.
Heppner Gazette Times
LEXINGTON
Jackson Implement Company
Lexington Oil Cooperative
Oils, Grease, Gas, Fuel Oils, Tires,
Tubes, Paints, Feeds, Auto Supplies,
Electrical Appliances
Morrow County Grain Growers, Inc.
Warehousing, Bulk or Sacked Grain
Buyers, Feeds-Heppner, Lexington and
lone
Hunt's Grocery and Service Station
Henderson's Garage
Lee C. Sparks, Shell Service
C. C. Carmichael, Store and Pastime
C. Duncan, Lexington Barber Shop
Lewis Store
W. F. Barnett & Co., General Merchandise
IONE
Bert Mason
Garland Swan son
J. E. Swanson
C. W. Troedson
H. W. Eubanks
Omar Rietmann
Elmer F. Petersen
Carl Feldman
Jack Ferris
Roy Lindsrom
Bob Rietmann
Walter E. Bristow
E. J. Bristow
A. C. Swanson
E. R. Lundell
Frank Holub
O. L. Lundell
Carl Allyn
A. E. Stefani
George Ely
J. P. O'Meara
W. A. Hayes
A VOTE FOU the ybs
A Vk
: