People's Pilot, Volume 5, Number 2, Rensselaer, Jasper County, 4 July 1895 — Overproduction of Wheat. [ARTICLE]

Overproduction of Wheat.

The best answer to the theory that overproduction of wheat is the cause of its low price is found in the “CornTrade Year Book,” England, probably the most reliable authority published. According to that authority the world’s wheat crop for 1891 was 2,456,000,000, and the average price was $1:11 per bushel. In 1892 the crop was 2,440,000 bushels, but the price had fallen to 90 cents. In 1893 the crop was the same as 1891. but the price had fallen to a fraction less than 80 cents. In 1894 both crop and price were smaller than any of the foregoing figures, the price the lowest on record. The same authority also shows that in the period 1875-84 the population of the chief wheat producing countries was 397,000,000,. and the production of rye and wheat in those countries per head of population was 7.08 bushels. In the next period of ten years, 1885-94, with population increased to 434,000,000, the production of both these crops per head of population was only 6.84 bushels. —Farm, Stock and Home.