AGRICULTURAL RELIEF
fnaher thing to attempt to stimulate that price above an economic
evel. .

Mr. KincueELOE. I agree with you, but if you could keep from over-
production, do you not think that the stabilization of prices will more
or less take care of itself?

Mr. AnpErsoN. I do not think you can do it.

Mr. Kincuerok. Do not misunderstand me that I mean to
curtail the production so there will not be a surplus in this country—
and I think it would be a crime not to raise a surplus in this country—
I agree with you on that proposition—but I am just wondering,
knowing now that we not only raise a surplus of all these basic
products, but I know that it is absolutely economically sound that
when you stimulate price you are bound to stimulate production,
unless you have some way to keep from it, and I was just wondering
what your idea was;about how to keep it down?

Mr. ANDERSON. My idea is not to stimulate the price; my idea is to
regulate the volume and flow of the commodity so as to stabilize the

rice.

b Mr. KincHELOE. Do you think it would increase the price to the
farmer if that could be done?

Mr. AxpersoN. On the average, yes.

Mr. Kercaam. Right at that point. You are speaking of the bill
we have under consideration. Taking the stabilization features of
the so-called cooperative set-up and the board and the like of that,
does that meet with your approval—I mean the general ideas?

Mr. ANDERSON. I am not in a position to give blanket approval to
anything. I have told you how far I thought it ought to go, and
what I thought the basic pringiples involved were. Now, the ques-
tion of whether this bill carries out those basic ideas and contains
the necessary safeguards to prevent some other idea from being the
animating principle of the board and the organizations created by it,
could only be determined by a careful study of the bill in final form
and I do not think, if you ask me directly the question, that simply

to eliminate from this bill the equalization-fee principle, the equaliza-
tion-fee scheme, would leave the bill with sufficient safeguards or
sufficient declaration of policy to insure the board’s functioning, as
I think, expressing my personal opinion, it should function.

Mr. Kercaam. Further, in that connection: But you do believe
that there is a field there where legislation can be of assistance in
the solution of this problem?
~ Mr. Axperson. I have said so, and I repeat that I think that
1s true.

Mr. Kercuaum. Just a minute. One further question. A little
time ago in your direct statement you made reference to the ma-
chinery that would be necessarily set up if the bill that we now
have under consideration becomes a law. Have you gone into that
matter in some length so that you would be prepared to make a
statement as to your judgment as to the extent of the new machinery,
so far as personnel is concerned, that would be required under the
terms of the bil.?

Mr. Axperson. I would like to give a direct answer to that ques-
tion. I deal more or less constantly with the statistical figures that
are available with respect to agricultural production and marketing
so far as thev relate to wheat and in part as they relate to other

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