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Domestic News
December 3, 1914
Oxford Eagle
Oxford, Lafayette County, Mississippi
What is this article about?
Federal Reserve Board allocates over $106M to aid farmers, anticipating cotton price rise to 8 cents in under 20 days and nearly 10 cents in 40 days. Urges farmers to diversify beyond cotton dependency.
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COTTON BUSINESS LOOKING UP.
The Federal Reserve Board has got matters in good shape. They have now ready for the benefit of the farmers over $106,000,000. If that is properly used this will make the price of cotton go up materially within the next two weeks. Of course, the rise will be gradual but there is no good reason why cotton will not reach eight cents in less than twenty days and, possibly, within forty days cotton will sell here for almost ten cents. We hope this is true; it is a hard proposition for a farmer to have to let his cotton go into the hands of abler men financially at such a low price. The farmer is the man that needs the highest price. But as we have many times stated, the farmer must learn to make his living out of something besides cotton. If our farmers will do that they need have no further fears about war and low prices of cotton.
Let all our farmers begin to arrange to do without cotton another year.
The Federal Reserve Board has got matters in good shape. They have now ready for the benefit of the farmers over $106,000,000. If that is properly used this will make the price of cotton go up materially within the next two weeks. Of course, the rise will be gradual but there is no good reason why cotton will not reach eight cents in less than twenty days and, possibly, within forty days cotton will sell here for almost ten cents. We hope this is true; it is a hard proposition for a farmer to have to let his cotton go into the hands of abler men financially at such a low price. The farmer is the man that needs the highest price. But as we have many times stated, the farmer must learn to make his living out of something besides cotton. If our farmers will do that they need have no further fears about war and low prices of cotton.
Let all our farmers begin to arrange to do without cotton another year.
What sub-type of article is it?
Economic
Agriculture
What keywords are associated?
Cotton Prices
Federal Reserve
Farmers Aid
Agricultural Diversification
Domestic News Details
Outcome
cotton prices expected to rise gradually to eight cents in less than twenty days and almost ten cents within forty days.
Event Details
The Federal Reserve Board has prepared over $106,000,000 for the benefit of farmers, which if properly used will materially increase cotton prices within the next two weeks. Farmers are advised to learn to make a living from something besides cotton to avoid fears of war and low prices.