Excerpt from The Agricultural Situation, Vol. 13: A Brief Summary of Economic Conditions; August 1, 1929

The general picture of crop conditions now at mid season is a rather uneven picture. Most of the cultivated crops have made fair growth during the past month, but both corn and potatoes are late in many sections and show wide variation in condition. Haying and cultiva tion have been held up by local rains through the Central States, whereas wheat has suffered severely from dry weather in the West, as have local areas in the East.

The total acreage of crops harvested this season will apparently be about the same as last season. The composite condition of all crops last month was indicated as about 4 per cent below the recent 10-year average.

Wheat harvest is now going forward in the North. The most spec tsoular development of the past month has been the change in the wheat situation. The drought in our Plains States and in Canada so reduced the crop prospect for wheat that in one month the Chicago prices advanced nearly 30 cents a bushel. Prices have declined some 'what, however, during the past week or two.

Hard winter wheat, which is normally our chief export class, was estimated last month at nearly bushels less than a year ago. The spring wheat crop was also estimated at nearly bushels below last year and the reports indicate further damage to the crop since the July estimate. For those growers who can make a crop, the prospect is much more cheering than it was a month ago.

Haying is well along, with a substantially larger crop than last year. The clover and alfalfa meadows, particularly in the Central and Eastern States, are again back in shape after the extensive winterkilling of last year. While ample hay is assured, however, dairymen and other feeders are beginning to expect higher-priced feed grains this fall.

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