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Elizabeth City, Pasquotank County, North Carolina
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In Pasquotank County and Albemarle, farmers urged to hold 1936 corn crop until thoroughly cured before selling to avoid low prices from green, damaged grain flooding market and to recover from storm losses.
OCR Quality
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The small lots that have already been moved are, according to reports, green and of damaged quality. Last fall so much of the green grain was dumped on the local market that buyers refused to purchase for a period of several days because their purchases were turned back on them at a loss.
There are times when a grower cannot hold his crops; there are times when he must sell them as soon as harvested in order that he might get cash to meet current and past due expenses of operation. There are many farmers who face this situation in Pasquotank County and the Albemarle year after year.
Despite this fact, it remains certain that as long as the green grain is dumped on the market, the price is going to remain at the recent level, and possibly take a drop. "Only by holding their crop until it is thoroly dried and then moving it when the price is better, can farmers begin to make up for the loss caused by storm damage.
Peg your corn in the field, and give it a good chance to get dry in the barn, before it is sent thru the sheller. By doing this you will get more for your crop than you will by selling now. There will be only a week or two difference in time of sale if you need to sell now. If you are in a position to hold until the green corn is out of the way, your price per bushel will be advanced by the better grade of the product on the market at the time.
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Where did it happen?
Domestic News Details
Primary Location
Pasquotank County And The Albemarle
Event Date
1936
Outcome
price remains low or drops if green grain is sold; better price if held until dried
Event Details
Growers advised to be cautious selling 1936 corn crop before thoroughly cured due to damaged quality and low prices from previous green grain dumping. Many farmers must sell immediately for expenses but holding until dried can improve price and compensate for storm damage. Peg corn in field and dry in barn before shelling.