142 
AGRICULTURAL RELIEF 
Mr. Fort. I heard you say that. 
Mr. KiLcore. Therefore, I would say that in the case of cotton 
the chances of operation under the loan bill are greater than these 
others. The losses might not be very great, but then what would 
such a bill do for the other commodities? 
Mr. Fort. I am asking you, Doctor, as a cotton expert, as I believe 
you to be, and I should ask the same questions as to wheat or the 
same line of questioning to a wheat man—now, then, you might run 
up $30,000,000, or $40,000,000 or even $50,000,000 as possible loss? 
Mr. KiLGorE. It is a mere guess, and I am not trying to figure it 
out; it might. 
Mr. Fort. If that is the possibility, we are figuring the difference 
at the same price under either bill. That is the only case in which 
you think there is that much possibility of loss. If there is that 
much possible loss under the Crisp bill, there would be that much 
possible loss under the Haugen bill. If that is true, then what would 
your equalization fee have to be on cotton? 
Mr. Kincore. Well, an equalization fee of $5 a bale on an 
18,000,000-bale crop would be $90,000,000. 
Mr. Fort. That 1s a cent a pound? 
Mr. Kircore. That would be a cent a pound. 
Mr. Fort. And you figure then that that would be entirely ade- 
quate at that price? 
Mr. KiLcore. I do not know what the board would do. I would 
not imagine under conditions we have had that they would levy an 
equalization fee in excess of $5. I would think it would likely be 
considerably less than that. 
Mr. Fort. You feel second, that the equalization fee under the 
Haugen bill will help the cooperative associations? 
Mr. Kirgore. I think it will help them, not by any compulsion in 
forcing farmers into cooperative associations, but it will help them 
because it will make conditions even, and possible for them to go into 
cooperative associations and get as good prices or better through 
cooperative associations than the man on the outside gets, and with- 
out the disadvantages they have been under in the past, which have 
tended to offset the advantages of cooperative marketing. 
Mr. Fort. Do they not now get better prices through the co- 
operatives than on the outside? 
Mr. KiLcore. Three of the five years, when we had around a 
normal production, they got more. But during these two surplus 
years they have gotten less. And there is where our difficulty has 
come. Until we run into these surplus years we got along nicely and 
we had a growth in membership and in volume of business that was 
very satisfactory. 
Mr. Fort. Now, are your cooperative associations strong enough 
% Jinedis this stabilization problem for the Government under either 
Mr. KiLgore. I think so. I believe they would under the McNary- 
Haugen bill; just what they would do under the loan bill, I do not 
venture to say. 
Mr. Fort. Do you think they are strong enough? You think they 
are sufficiently representative of the croo to be able to handle it? 
Mr. KiLcore. I think so. 
Mr. Fort. At 6 per cent?