prices so as to make beans less than $1.60 to the mills, then diffi- 

 culties will develop. The only way which the mills can be kept running 

 is through government subsidy and this will involve many difficult prob- 

 lems. 



Only in the two drouth years, 193^35 and 193^37* and in the 

 current year, 19^1-1-^2, has soybean meal sold at the level needed to 

 maintain $lm6o for soybeans. Can soybean meal be maintained at such a 

 level under the conditions of the larger supplies? Supporting factors 

 will be a fairly high price for corn, a large expansion in numbers of 

 livestock and a somewhat smaller increase in the cotton acreage than the 

 goal set by the Secretary of Agriculture. Illinois farmers, by using 

 large quantities of soybean meal, will help maintain this market. 



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