Prices of Wheat to Producers in Kansas Etc Letter From the Secretary of Agricu
Prices of Wheat to Producers in Kansas Etc Letter From the Secretary of Agricu
United States Bureau of Markets
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The State of Kansas is fortunately situated for marketing its wheat in that it has a great number of domestic outlets and the for- eign market via Gulf ports. This situation leads to vigorous compe- tition between grain dealers of the various terminal markets for Kansas wheat. 2. The prices ot wheat paid to farmers in Kansas are based largely upon the prices in Kansas City, Mo. , and at the Gulf ports for export. From these basic ]>rices must be subtracted the freight rate, shi])pcr"s j)rofit, ...anil other incidental charges and the margin taken out by the country elevator to determine the price which is paid to tiie farmer. Since the margins of j)rofit taken by the grain dealers in the larger markets are vovy small (averaging 28 PRICES OF WHEAT TO PRODUCERS IN KANSAS, ETC. ♦1. 16-3/4 price In Llreripool. 1. 15 gross profit of o/porter. . 75 insurance, etc. 6. 00 freight, Oulveeton to Liverpool. 1. 25 f. O. B. Coutfe. 1. 25 profit of shipper. 1. 05 Inspection, etc. . Galveston. 15. 00 freight, Kunsas poSnt to GalvestOB.
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