Four commodities—wheat, maize, cotton and sugar—furnish the bulk of farm income coming from products of the. soil, as distinguished from meat and daily products. When their prices are unduly depressed, an immediate reaction is noticeable in general farm income and purchasing power. That the reaction has not been sharper this year is due to the huge flow of Government subsidies to farmers. would tend to offset the influence ai the smaller crop."
Seemingly appalled at the outlook for wheat prices, the department fors mulated the export-subsidy plan described above.
Text read from the printed page and cleaned; old type leaves the occasional error.