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Excerpts from the report: The outlook for world wheat production, not only for 1930 but for some years ahead, and many important facts should be considered by wheat producers in the United States in planning their production. Facts as to the trends of prices, acreage, production, and consumption of wheat, and the factors affecting these, are presented to show the basis for the conclusion presented in the outlook statement. Extensive adjustment in wheat growing, including substantial reduction in cost per bushel, must be made if wheat production is to be profitable to growers generally in the next 6 to 10 years. This is necessary to meet intensified competition in world markets, due to increasing production in this and other countries without a corresponding increase in effective demand.

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