McCormick messenger. (McCormick, S.C.) 1902-current, August 21, 1941, Image 4
McCORMICK MESSENGER, McCORMICK, SOUTH CAROLINA Thursday, August 21, 1941
ttcCORMHJK MESSENGER
i.
►
Psbllshed Every Thursday
ibilshed Jane 5, ItM
L.-
F-
EDMOND 1. McCRACKEN, g
Editor and Owner
at the Post Office at Me-
(Dannietc, S. C., as mail matter of
4he second class.
| MJBSCRIPTION RATES:
j One Year $1.00
i EfcK Months .75
Three Months JM)
Cotton Loan Program
For 1941 Announced
a crop of this size would bring a-
bout 18 and a half million dollars,
which would be some six and a
half million above the value of
the 1940 crop but somewhat less
than amounts received for the
larger crops of the previous three
years.
Early corn matured good yields
but later plantings suffered from
too much rain and the forecast of
22,964,000 bushels is 4 per cent be
low prospects on July 1 and 6 per i the first 9 days of August and
til late in July prospects seemed
outstandingly favorable, but the
showery weather in the South has
resulted in the heaviest infesta
tion of cotton boll weevils since
1932 and in the Com Belt the
latter part of July was so hot and
dry that the corn was beginning
to need rain in the whole area
extending from eastern Indiana
to central Nebraska. With hot,
dry weather in this area during
cent less than final production
last year altho slightly above the
ten-year average.
The tame hay crop, consisting
mostly of cowpeas sown broad
cast, is expected to total 590,000
tons which would be 9 per cent
greater than production in 1940
! and nearly half again as much as
Cotton producers cooperating the average amount of hay pro-
with the Agricultural Adjustment duced during the 10-year period
Administration program, will be 1930-39.
eligible for loans on their entire Spring and summer weather
1941 cotton production at a rate have been none too favorable for
based on 85 per cent of parity sweet potatoes, and the indicated
price as of August 1, Secretary of production of 4,875,000 bushels on
Agriculture Claude R. Wickard has August 1 is about 10 per cent be-
announced. i ow average.
The average loan rate on 7-8- The estimate of 3,549,000 bushels
inch middling cotton gross weight 0 f peaches produced this year is
win be 14.02 cents per pound, by f ar the largest crop ever pro-
based upon parity price of 16.49 duced in the State. Rapid expan-
cents for August 1. Last year the sion in commercial orchards,
average loan rate was 8.90 cents coupled with a uniformly heavy
per pound. j se t Q f fruit combined to give a
The schedule of loan rates this C rop more than half again as
year includes all grades embraced large as that of 1940 and nearly
in the universal Standards for three times average production
American Upland cotton and sta- 1 during the years 1930-39. How-
pie lengths from 13-16-inch to ever, the season was disappoint-
1 1-4-inches. Schedule for grade to commercial growers, since
and staple differentials, which is t he record high production and
based on 15-16 middling, is: For
31-32-dnch, 10 points on; for 1-
inch, 20 points on; for 1 1-32-inch,
35 points on; for 1 1-16-inch, 55
points on; for 1 3-32-inch, 90
paints on.
FPr the last three years 95 to
97 per cent of South Carolina’s
cotton crop has been 15-16-inch
or longer staple.
The loan rate for 15-16-inch
middling cotton, net weight, will
also vary because of location from
a high of 15.29 cents per pound
in the Carolina mill area to 14.40
cents in New Mexico, and a rate
at Gulf and Pacific ports of 14.85
cents per pound.
Loans will be made directly by
the Commodity Credit Corpora-
tion through lending agencies.
Execution of the loan papers will
be under the supervision of the
state and county Agricultural Ad
justment Administration commit
tees.
Cotton to be eligible for the loan
must be classed by a Board of
Cotton Examiners of the U. S. D.
A. The classification fee will be
15 cents per bale.
The full loan rate will be avail
able only to cooperating producers
who have not, on any farm, know
ingly planted or permitted the
planting of cotton in 1941 in ex
cess of the cotton acreage allot
ment established for the farm for
the 1941-42 year.
Loan forms are being made a-
vailable through Approved cotton
warehouses and persons desig
nated by the County Agricultural
Conservation committees to assist
producers in. preparing these
farms.
somewhat below average quality
combined to lower prices until
the margin of profit was small.
The condition of pecans on
August 1 indicated a crop of 1,-
462,000 pounds which would be 8
per cent above production last
year and 35 per cent above aver
age.
The forecast of 14,070,000 pounds
of peanuts to be harvested this
year is 39 per cent below the
record crop of 1940 but 56 per
cent above average production.
The indicated smaller crop this
year ‘is due principally to acreage
reduction under the Control pro
gram, altho in part to heavy rains
reducing the yield to such an ex
tent as to cause some acreage in
tended fo* harvest to be used for
other purposes.
The reported condition of 70
per cent of normal for cowpeas
and 72 for soybeans is about av
erage for this time of year, but
the condition of pastures at 81
per cent is well above average.
Crop prospects in the United
States improved materially during
July and the growing conditions
were less favorable in early Au
gust, crop production this year
seems likely to exceed 'production
in any past year except 1937. Un
rains in only part of the area on
the 10th, it is too early to mea
sure the change in prospects since
the first of the month.
Current forecasts of crop pro
duction, based on conditions on
August 1 with allowance for a-
bout average weather conditions
after that date, show prospects
for yields per acre more than 18
oer cent above the average during
the 1923 to 1932 or pre-drought
period, and almost as high as the
record-breaking composite of
vields last year. As the total acre
age of crops harvested is expected
to show an increase of 1 or 2 per
cent over last year the aggregate
crop production indicated for this
season is slightly above produc
tion last season and 4 per cent or
more above production in either
1938 or 1939 but still about 3 per
cent below the outstanding record
of 1937 when cotton production
was nearly 19 million bales.
Altho several crops, particularly
barley, beans, rice, some vegeta
bles for canning and probably soy
beans, seem likely to exceed pre
vious records, the most notable
feature of the crop situation this
season is that practically all im
portant crops promise better than
average yields per acre. While
this haslbeen due in part to abun
dant rainfall in the Great Plains
Area, where droughts in recent
vears have been most severe,
there is increasing evidence that
the yields of many crops have
been rising as a result of improve
ment of varieties and use of bet
ter equipment and better cultural
practices.
The August forecasts, when
compared with crop outturns in
recent years, show prospects for
small but ample crops of cotton,
tobacco and buckwheat, average
but probably adequate production
of potatoes, sweetpotatoes and
commercial apples, unusually large
but needed crops of flaxseed, pea
nuts and soybeans, partially off
set by the reduced production of
cottonseed, and fairly heavy pro
duction of fruits, vegetables, other
food crops and crops producing
feed or forage for livestock. The
wheat crop, estimated at 951 mil
lion bushels is the third largest
tlfat has been harvested and part
of it will go to increase reserves.
The rice crop, estimated at nearly
59 million bushels and the bean
crop, which may approach 19 mil
lion bags, will both far exceed
previous high records but are not
large relative to the amounts
needed.
With an abundance of grain
and roughage On hand, western
ranges in exceptionally good con
ditions for this season of the year,
pastures good to excellent over
most of the country and prices of
livestock products showing the
strong demand, the numbers of
cattle, sheep, hogs, and poultry
are being increased quite generally
and the aggregate production of
livestock and livestock products,
including poultry and poultry
products, seems likely to exceed
production in any past year. On
August 1 milk production per cow
was reported 5 per cent above the
fairly high production at that
time last year and, with more milk
cows on farms, daily production
of milk was between 7 and 8 per
cent higher than a year ago. At
the same time the number of eggs
reported laid per hundred hens
was more than 3 per cent above
the number reported a year ago
and 12 per cent above the average
on August 1 during the previous
10 years.
The acreage planted to vege
tables for canning and processing
has been materially increased this
year and, if yields are not reduced
by drought, production will far
exceed production in previous
years. The August 1 tonnage in
dications for four of the principal
crops, tomatoes, corn, green peas
and snap beans, exceed last year’s
tonnage of th6se crops by 17 per
cent and the 10-year average by
57 per ceAt. On the other hand
the production of vegetables for
shipment to market, while above
average, may be less than it was
last year.
COTTON STAMPS
REDEEMED HERE
Our store appreciates the' Cotton
Stamp Program.
We will be glad to handle your
stamps for the purchase of Cotton
Goods.
Our stock complete and prices very
reasonable.
J. 1. RRACKNELL
PLUM BRANCH, S. C.
Penalty On Excess
1941 Cotton
WILL BE SEVEN CENTS PER
POUND.
The Department of Agriculture
today announced that the penalty
rate on 1941 cotton marketed in
excess of the farm marketing
quota will be 7 cents per pound.
The 1940 penalty rate was 3 cents
a pound.
Establishment of the rate was
provided by Congress in an a-
mendment to the Agricultural Ad
justment Act of 1938. This legis
lation set a basic loan rate to
cooperators for the 1941 crop of
cotton at 85 per cent of the cotton
parity price as of August 1. At
the same time, it provided that
the penalty on marketing excess
cotton be placed at 50 per cent of
the basic loan rate.
The parity price of cotton on
August 1 was 16.49 cents a pound,
Refrigerators
Buy a Westinghouse Refrigerator
from us for $5.00 down and balance
on small monthly payments.
J. S. STROM
l
PHONE NO. 76 McCORMICK, S. C.
which made the basic loan rate
for 7-8 inch middling cotton 14.02
cents. Thus, the penalty rate was
set at half of this figure, or 7
cents a pound. This will be a
flat rate applicable to the market
ing of all 1941 excess cotton, re
gardless of grade or staple.
Department officials pointed out
that the new loan rate is more
than 5 cents above that in effect
General Crop
Report As Of
August 1,1941
Total crop production in South
Carolina this year will likely be
14 per cent below last year and 4
per cent less than average, ac
cording to report issued August
14th by Frank O. Black, agricul
tural statistician, Columbia.
Altho record outturns from
wheat and oats were harvested
this spring, fall maturing crops
suffered from unfavorable growing
conditions during July and fore
casts from conditions on August 1
show declines from last year of
56 per cent in cotton production,
33 per cent in peanuts, 10 pet
cent in tobacco, 6 per cent in
corn, and 3 per cent in sweet po
tatoes. On the other hand, a
record crop of peaches was 64 per
cent greater than last year, with
the outlook for 9 per cent more
tame hay, an 8 per cent larger
pecan crop, and 7 per cent in
crease in production of grapes.
As previously announced, the
outlook is for only 428,000 bales of
cotton which would be little more
than half the usual crop.
Tobacco prospects declined 8
per cent during July and the es
timate of 74,375,000 pounds from
conditions on August 1 is 10 per
cent below production in 1940 and
13 per cent less than average for
the ten years 1930-39. If opening
day prices hold thruout the season
on the 1940 crop while the penalty
rate was increased only 4 cents.
Producers who knowingly exceed
their acreage allotments may re
ceive government loans at a rate
of only 60 per cent of that offered
to cooperators, but only on that
portion of their crop which is
subject to penalty.
CCC Grants Pro
ducers Sixty Days
TO REPAY OUTSTANDING
COTTON LOANS.
Each time you taste ice-cold Coca-Cola, you are reminded
that here is the quality of genuine goodness. Experience...
many a refreshing experience...has taught people everywhere
to trust the quality of Coca-Cola.
BOTTLEO UNDER AUTHORITY OP THE COCA-COLA COMPANY BY
GREENWOOD COCA-COLA BOTTLING CO., Greenwood, S. C.
p/us tax
The Department of Agriculture
announced today that Commodity
Credit Corporation will allow pro
ducers until October 1, 1941, to
repay outstanding loans and re
deem cotton pledged under the
1938, 1939 and 1940 loan programs.
The Department also announced
that all of this cotton not redeem
ed by October 1, 1941, will be
placed in pools, as provided in,
the loan agreement, and sold in
an orderly manner by Commodity
Credit Corporation. Under this
plan unredeemed loan cotton from
each crop will be placed in a
separate pool, with the producer
retaining title to the cotton.
On final liquidation of all cot
ton in each pool, the net proceeds,
if any, after deduction of all ad
vances and accrued costs, includ
ing storage, insurance, and
handling charges, will be dis
tributed among producers whose
cotton has been placed in the
pool, in proportion to their inter
est. No payment will be made to
the producers at the time . the
cotton is placed in the pool and
individual producers will not be
entitled to order the sale of the
particular cotton which they
placed in the pool. No sales of
these pooled stocks will be made
prior to March 1, 1942.
Commodity Credit Corporation
reported cotton, loans were out
standing on July 24, 1941, on 491-
896 bales, of which 109,214 bales
were in the 1940 loan, 2,631 bales
in the 1939 loan, and 380,031 bales
in the 1938 loan.
xx
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