AGRICULTURAL RELIEF 
Mr. KiLcore. Indirectly, we do. 
Mr. Mexces. How? 
Mr. KiLcore. By having one price for milk for distribution to the 
trade that uses whole milk, and another price or prices for the milk 
that is used for other purposes or for making other products. } 
Mr. AsweLL. The extra price they have for the fluid milk you 
sell helps to average up the price of the stuff you have to sell at the 
lower prices? 
Mr. KILGORE. Yes, sir. : 
Mr. AsweLL. You have not told yet how you pay the equilization 
fee. I do not see anything like that in the McNary-Haugen bill. 
Do you have to pay a fee? 
Mr. KiLcore. We do not pay a fee. 
Mr. AsweLL. Then the McNary-Haugen bill without the equiliza- 
tion fee would answer your purpose? 
Mr. KiLGorE. As we do not have an export business, or cover a 
very large territory, the collection of a fee is not necessary—I am 
afraid the gentleman just has not thought through his bill as fairly 
as he might do.. 
Mr. AsweLL. Oh, yes; I have. 
Mr. KiLgore. We are providing, so to speak, a domestic price for 
our main product that we can consume or sell to our main trade, 
and we are providing a foreign price, so to speak, somewhat lower, 
as you would have in the tariff-protected products for the other 
products trade, which is entirely the principle of the McNary-Haugen 
bill. 
Mr. Fort. Are you through, Doctor? 
Mr. KiLgore. I had come just about, Mr. Fort, to the point where 
we left off. We might begin now. 
Mr. Fort. I am sorry I did not understand you were to have been 
on this morning or I would have made my arrangements differently. 
Mr. KiLGore. I purposely, as I stated to the committee, did not 
continue where we left off, so that you might continue your questions. 
Mr. Fort. Do you want to make a further statement on the points 
where we left off, or shall I go ahead? 
Mr. KiLGore. I shall be very glad to have you go ahead and I will 
follow you. 
Mr. Fort. Just to get the picture as to where we were, Doctor, 
you and I had some little question and answer as to the price basis 
that the board would operate under the equalization fee bill and 
under the loan bill. 
Mr. KiLGORE. Yes; precisely. 
Mr. Fort. We agreed that the identical board would operate in 
either bill. Now, we also, of course, agree as to the fact that the 
only limitation in the specific provisions of the Crisp bill, instructs 
the board to operate, if it operates at all, when prices are below or, 
except for its intervention, may fall below the cost of production 
with a reasonable profit to efficient producers. Would you fix a 
higher point than that at which purchasers of a commodity should 
begin under the Haugen bill? 
Mr. Kircore. It is rather difficult to determine—I think it would 
be rather difficult for the board to determine at what price it would 
begin to buy and thus stabilize the price of cotton under the term 
“efficient, producer 
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