546

AGRICULTURAL RELIEF
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or less reflect itself on the other character of grain and also upon hogs
and cattle?

Mr. ANpERrsON. It may so reflect. But that it reflects in increasing
the price of those commodities does not necessarily follow. There is,
of course, between commodities which are substitutable one for the
other a certain amount of interrelation of price. But I do not think
it follows at all, for example, that stimulation of the price of wheat
necessarily stimulates the price of corn; it might operate in the other
direction.

Mr. KincHELOE. But if the price of corn is stimulated, do you not
think that it might reflect on livestock?

Mr. AnpersoN. It-reflects in two ways: It reflects in an increased
cost of the hog to the farmer who buys the corn, and it possibly
might not be necessarily reflected in the price of the hogs, because the
price which the packer can get for the hogs is fixed at the other end
by what he is able to get out of the product that he produces from
the hogs.

Mr. Jones. In accordance to what he pays for the hogs?

Mr. AnpeErsoN. No; of course, the added costs—he would attempt
at least to get out of the products which he produced from the hog
the cost of producing the hog, surely.

Mr. Apxkins. Will vou vield right there for a question, Mr. Ander-
son?

Mr. AnpErsoN. Certainly.

Mr. Apxins. You were speaking of wheat a moment ago. Do
you believe that the tariff on wheat and other surplus crops we have
is reflected in the price, for instance, of wheat? :

Mr. ANpERrsON. To a very considerable extent; yes, sir.

Mr. Apxins. Do you believe that Congress should attempt to
legislate on such commodities as that so that the producer might
get the benefit of the tariff to the extent of the world price, plus
what the tariff might be?

Mr. AnpERsON. I do not think that is ever possible, except ideally.

Mr. Apkins. Do you think that Congress should attempt it? Do
you think they are justified in making the attempt or should make
it, to make the world’s price, plus the tariff, available to the farmer?

Mr. AnpErsoN. I do not think they can do without some control
of production.

Mr. Apxkins. The point I make is this: That is one of the big
contentions of the farmer, that in his production of wheat and other
commodities that he annually has a surplus to ship abroad; that his
whole production is based on the world’s price, and they seem to be
married to the idea that we should attempt to legislate so that the
farmer should get the world’s price, plus the tariff; and I was wonder-
ing what the attitude of yourself or the people you represented was
on that, whether they were justified in attempting to bring about
such a condition.
~ Mr. AnpErsoN. Mr. Adkins, let me say first of all that so far as the
industries I am interested in are concerned, the level of wheat prices.
really makes no difference to us at all, providing that level does not
get high enough to limit consumption.

Mr. Apkins. I see.

Mr. AnDERsON. In that respect, of course, it would injure the
farmer quite as much or more than it does uc.