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Domestic News
January 1, 1921
The Donaldsonville Chief
Donaldsonville, Gonzales, Ascension County, Louisiana
What is this article about?
Louisiana rice farmers produced 20% more rice in 1920 than in 1919, but due to halved prices, the crop's value dropped from $53,420,000 to about $27,720,000. Rice sold at $1.10 per bushel in 1920 vs. $2.71 in 1919.
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Rice Farmers May Lose Heavily.
According to a statement published recently by the New Orleans bureau of crop estimates of the United States Department of Agriculture, Louisiana farmers raised 20 per cent more rice this year than in 1919, yet they stand to lose as much as their present crop will bring on the market, for the cereal is quoted at only half as much as that of last year. This state raised a crop valued at $53,420,000 last year. This year's crop, 20 per cent greater than that of last year, will bring only $27,720,000 or approximately half. On Dec. 1, 1919, rice was selling at 2.71 per bushel. At the same time in 1920 it brought only 1.10 a bushel. Last year's crop was 19,712,000 bushels, while this year it amounted to 25,200,000 bushels.
According to a statement published recently by the New Orleans bureau of crop estimates of the United States Department of Agriculture, Louisiana farmers raised 20 per cent more rice this year than in 1919, yet they stand to lose as much as their present crop will bring on the market, for the cereal is quoted at only half as much as that of last year. This state raised a crop valued at $53,420,000 last year. This year's crop, 20 per cent greater than that of last year, will bring only $27,720,000 or approximately half. On Dec. 1, 1919, rice was selling at 2.71 per bushel. At the same time in 1920 it brought only 1.10 a bushel. Last year's crop was 19,712,000 bushels, while this year it amounted to 25,200,000 bushels.
What sub-type of article is it?
Agriculture
Economic
What keywords are associated?
Rice Crop
Louisiana Farmers
Price Drop
Agricultural Loss
1920 Harvest
Where did it happen?
Louisiana
Domestic News Details
Primary Location
Louisiana
Event Date
1920
Outcome
crop value dropped to $27,720,000 from $53,420,000; price halved to $1.10 per bushel
Event Details
Louisiana farmers raised 20% more rice (25,200,000 bushels) than in 1919 (19,712,000 bushels), but market price is half, leading to potential heavy losses as per USDA New Orleans bureau statement.