Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: The holding movement in agriculture / Jesse E. Pope

Collection:: Economics Books

THE HOLDING MOVEMENT IN AGRICULTURE 245 over, by the passage of the licensed warehouse act during the War, the Government had increased storage facilities and had made credit based upon the warehouse receipt possible. Therefore, wherever possible, crops were held in storage until the situation should right itself, and a holding movement resulted. While the holding movement in 1920 was rather extensive, it was highly sporadic in character, because in large part it was an individual movement rather than an organized effort on the part of the farmers. As is well known, this attempt ended in disaster, both to those farmers who acted independently and to those who acted cooperatively. However, the advocates of holding were undis- mayed. They attributed the failure to lack of organization and inadequate financing. An extensive movement was inaugurated to bring the farmers into assoclations, the chief purpose of which should be the cooperative marketing of their products. With the continued depression in agriculture, holding for higher prices has come to be widely accepted and is now held to be essential in any scheme for the improvement of the farmers’ situation; and they are now organized for cooperative action as never before. It is conservatively estimated that at the present, time more than 1,000,000 farmers are under contract to deliver their surplus products to cooperative associations which are to pool them for the purpose of holding until a propitious time for selling. While the cooperative holding movement has various alms, its chief purpose is the pooling and holding of its members’ crops for higher prices. The cooperative marketing associations undertake to secure for the individual farmer, by united action, higher prices for his product than he could get if acting alone. For the normal after harvest marketing by the individual grower they substitute a system of deferred marketing at the discretion of the asso- ciation, which, acting as agent for its members, pools and holds their crops and is authorized to place them on the market when prices seem favorable. This new form of marketing requires a vast amount of credit for the construction and maintenance of warehouses in which to store the pooled products, and for advances to the farmer to enable him to meet his after-harvest obligations and to finance himself until his product shall finally have been marketed. The Federal Gov-

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