Agricultural marketing revolving fund

Bibliographic data

Monograph

Identifikator:: 1830514946

URN:: urn:nbn:de:zbw-retromon-221271

Document type:: Monograph

Title:: Agricultural marketing revolving fund

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1930

Scope:: II, 39 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Monday, december 15, 1930. Federal farm board. Statements of Alexander Legge, chairman; James C. Stone, vice chairman; and Chris L. Christensen, executive secretary

Collection:: Economics Books

AGRICULTURAL MARKETING REVOLVING FUND Mr. Curistensex. Would you like to have me read from this statement ? The CuamrmaN. How many commodities are represented there? Mr. CuristenseN. I will give you the column showing the loans outstanding as of November 30, as follows: ] } On beans, $226,563.30. The next item is on cotton. This loan 1s made through the American Cotton Cooperative Association, which is the sales and merchandising agency of the cotton cooperatives. As of November 30, 1930, the amount outstanding on cotton was $55,265,867.23. Now, there should be added to that $55,000,000 loan a loan of $31,137,235.59 to the cotton stabilization corporation. That gives the total amount on cotton. On dairy products, the amount outstanding on November 30, 1930, was $5,012,927.48. Dividing fruits and vegetables into several classes, the amount outstanding on citrus fruits on November 30, 1930, was $2,241,073.13; on grapes and raisins, $14,089,671.99; on other deciduous fruits, $1.065.756.50: and on some other small truck crops, $69,550. On grain, through the Farmers National Grain Corporation, which is the sales and merchandising agency for the grain crops, the amount outstanding on November 30, last, was $25,057,258.29, plus $52,460,787.83 advanced to the Grain Stabilization Corporation. On honey there was a loan of $39,830.42; on livestock there was a loan of $2,451,871.92; on nuts, including walnuts, pecans, etc., the amount outstanding was $165,517.48; on potatoes, the amount outstanding was $150,000; on poultry and eggs, the amount outstanding was $235,000; on rice, including advances to the rice cooperatives of Cali- fornia, Arkansas, Texas, and Louisiana, the total amount outstanding was $685,896.66; on seeds, the amount outstanding was $35,000; on tobacco, the amount outstanding was $918,259.99; and on wool and mohair, the amount outstanding was $9,678,188.23, making a total amount loaned to the cooperative marketing associations of $117, 388,232.62, plus $52,460,787.83 to the Grain Stabilization Corpora- tion and $31,137,237.59 to the Cotton Stabilization Corporation, which gives a grand total of $200,986,258.04. The Crammax. Does that table show the names of the different cooperatives to which this money was advanced ? Mr. CurisTeNSEN, No, sir; this is classified by commodities. The names of the associations do not appear. The CrairyMaN. Do you want to tell us that for the record? Mr. Lece. I would like to respectfully submit that, while we have no wish to withhold any information from you, or a penny, or anything else, I think that the details of the loans to these coopera- tive associations, or of the loans now outstanding to them, in justice to them, should not be put in a public document. All of that information is here for your own use, of course. The cooperatives have earnestly appealed to us not to make public the details of their individual loans. As I have said, I have that information here for your own use, but when you put it in a Congressional record, of course, other people get possession of it. and they may use it to the detriment of the cooperatives. The Crmatraan. Of course, we do not want anything in the record that would be detrimental to the success of this operation. - <

Access restriction

Copyright

fullscreen: Agricultural marketing revolving fund

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation