Food for POINTS FOR CONSIDERATION AS TO 

 PRICES OF FARM PRODUCTS 

 AND NITRATE PRICES. 



From the farmer's point of view, a reduction in cotton 

 and produce prices is to be deplored, but the point to be con- 

 sidered is whether abstention from the use of Nitrate is a wise 

 way of meeting the situation. The utility of a fertilizer 

 obviously depends upon its productivity, and as its productiv- 

 ity is not affected by its price, an increase in the latter justifies 

 abandonment of the tertilizer only when its productivity 

 ceases to be profitable. The profit to be reasonably expected 

 from the use of fertilizer, although somewhat less than when 

 it was cheaper, is not so materially interfered with by any rise 

 in price of Nitrate as to economically justify any substantial 

 reduction in its consumption. 



SUMMARY OF INCREASED YIELDS. 



From an Application of 100 Pounds per Acre of Nitrate 



of Soda. 



It should be pointed out that in the recorded experiments 

 with Nitrate of Soda on money crops heretofore published 

 . in Experiment Station Reports and Bulle- 



<ise in Price of tinSj f arm proc j u cts were much lower in 

 Farm Products. price The prices Q f agr i cu l t ural products 

 have risen to a high water mark, and in certain cases the ad- 

 vance has been to extreme figures, and all farm commodities 

 are now higher than they have been for some years. Our 

 statements heretofore published, showing the profit resulting 

 from the crop increases due to the use of 

 p ar 2 in * Nitrate of Soda, if rearranged on a basis 



Profit Greater. Q f p resent va l ue s for crops, would show 



more profit than before. It should also be remarked that the 



~ . prices of other Ammoniates have risen 



Other Ammo- f. , . XT . r c j 4 -. 



niates Higher higher than Nitrate of boda, and it is, as 



than Nitrate. heretofore, the cheapest of all Ammoniates 

 Probable in the market. 



Stability of Economists of authority tell us that 



Farm Values. tne CQSt Q f i; v j ng | s to rema i n for a consid- 

 erable time on the high basis now established, so that it is to 



