AGRICULTURAL RELIEF 
Corn 
683 
Production_._ 
Exports, 1924 
Exports, 1925 
Exports, 1926____________________ 
Exports. July to November 1927 
2 
Bushels 
N00, 000, 000 
23, 000, 000 
5, 000, 000 
J, 819, 000 
3.179. 000 
Prices of corn 
[Chicago prices by Department of Labor, and Buenos Aires prices by Department of Agriculture] 
Yaenr 
Chicago 
price 
Buenos 
Aires 
rice 
Txpor 
LE. 
Ny Tew 
Ocean 
freight 
Total 
FE quali 
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fee 
Net 
profit per 
bushel 
Total 
profit 
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972 
38 
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il. 1014 
2114 
941g, 
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0.001, 30.129 
. 0003 1742 
.0017 . 1818 
[OQ] (2) 
$387, 000, 000 
522, 627, 500 
430, 861, 000 
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If the bill had been in force in 1924 the corn grower would have received the 
Argentine price of 83 cents, plus the tariff of 15 cents, plus the export tax, which 
was 1.54 cents in February, 1926, 1.03 cents in March, and 0.46 cent in April, 
or say 1 cent, and the ocean freight to Baltimore or New York, say 1114 cents, 
the rate March last, or a total of $1.1014, instead of the Chicago price of 97.2 
eents, a gain of approximately 13 cents per bushel, minus the equalization fee 
to cover the discount of 13 cents on 23,000,000 bushels to be distributed over a 
total production of 3,000,000,000, assuming that the total production had been 
marketed. If so, an equalization fee of $0.001 per bushel, a net gain of $0.129 
per bushel, or a total profit of $387,000,000. 
If the bill had been in force in 1925 the corn grower would have received the 
Argentine price of 94 cents, plus the tariff of 15 cents, plus the export tax of 1 
eent, and the oecan freight of 1114 cents, or a total of $1.2114, instead of the 
Chicago price of $1.038 (see ratio table furnished by Department of Labor), 
a gain of 17.45 cents per bushel, minus the equalization fee of 17.45 cents on 
5,000,000 bushels to be distributed over a total production of 3,000,000,000, 
assuming that the total production had been marketed, or an equalization fee 
of $0.0003 per bushel, a net gain of $0.1742, a total profit of $522,627,500. 
If the bill had been in force in 1926 the corn grower would have received the 
Buenos Aires price of 67 cents, plus the tariff of 15 cents, plus the export tax of 
1 cent, and the ocean freight of 1114 cents, or a total of $0.9414, instead of the 
average Chicago price of 75.9 cents, a gain of 18.35 cents per bushel, minus the 
equalization fee to cover the discount of 18.35 cents on 24,783,000 bushels, to be 
distributed over a total production of 2,645,000,000 bushels, assuming that the 
total production had been marketed, or an equalization fee of $0.0017 per 
bushel, a net gain of $0.1818, or a total profit of $480,861,000. i 
Inasmuch as the exports of corn for the year 1927 are not yet available, the 
full data as to the equalization fee and total profit can not be worked out at the 
present time. 
Beef slaughtered 
—- 
26 
32 
Production 
Zxports_. _. 
‘mports._.. 
Nel exports. . 
35%, 000, 00 
38, 000, 000 
41, 000, 000 
146, 000, OW 
39, 000, 000 
7, 000, 000 
-065, 000, 000 
10, 000, 000 
21, 000, 000 
19. 000. 000 
13 
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