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Economic Situation in the Sheep Industry

Pennsylvania State College

Abstract

No phase of agricultural production has had its ups and downs in bright spots and its dull ones more than that of sheep husbandry. The sheepman at the present time is on the sunny side of the ledger. The income from lambs and wool for the last two years has compared very favorably with the income from other farm products.

Influence of World Production

We are consuming in this country 25 per cent of the world's production of wool and are growing only 10 per cent. With a rather substantial tariff between our growers and the foreign producer the domestic growers are placed in a rather fortunate position. As near as can be estimated the world's stocks of wools are extremely light. Accurate information on this particular point seems rather difficult to obtain. Price is always a direct requisition to production and we find that our sheepmen are no exception to this rule.