When brought to the London market, Russian wheat was sold in 1887
at 31s. the quarter, while it appeared from the same _Mark Lane
Express_ figures that the quarter of wheat could not be grown in
this country at less than 36s. 8d., even if the straw be sold, which
is not always the case. But the difference of the land rent in both
countries would alone account for the difference of prices. In the
wheat belt of Russia, where the average rent stood at about 12s.
per acre, and the crop was from fifteen to twenty bushels, the rent
amounted to from 3s. 6d. to 5s. 8d. in the costs of production of
each quarter of Russian wheat; while in this country, where the rent
and taxes are valued (in the _Mark Lane Express_ figures) at no less
than 40s. per each wheat-growing acre, and the crop is taken at
thirty bushels, the rent amounts to 10s. in the costs of production
of each quarter.[66] But even if we take only 30s. per acre of rent
and taxes, and an average crop of twenty-eight bushels, we still have
8s. 8d. out of the sale price of each quarter of wheat, which goes to
the landlord and the State. If it costs so much more in money to grow
wheat in this country, while the amount of labour is so much less in
this country than in Russia, it is due to the very great height of
the land rents attained during the years 1860-1880. But this growth
itself was due to the facilities for realising large profits on the
sale of manufactured goods abroad. The false condition of British
rural economy, not the infertility of the soil, is thus the chief
cause of the Russian competition.
Twenty-five years have passed since I wrote these lines--the
agricultural crisis provoked by the competition of cheap American
wheat being at that time at its climax, and, I am sorry to say, I
must leave these lines such as they were written. I do not mean,
of course, that no adaptation to the new conditions created by
the fall in the prices of wheat should have taken place during
the last quarter of a century, in the sense of a more intensive
culture and a better utilisation of the land. On the contrary, I
mention in different parts of this book the progress accomplished
of late in the development of separate branches of intensive
culture, such as fruit-culture, market-gardening, culture under
glass, French gardening, and poultry farming, and I also indicate
the different steps taken to promote further improvements, such as
better conditions of transport, co-operation among the farmers, and
especially the development of small holdings.
Public-domain text, read in full here on John Shaqi.
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