Agricultural relief: Agricultural relief

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831932598

URN:: urn:nbn:de:zbw-retromon-232069

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 1

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III, 69 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Further statement of Chester H. Gray, Washington representative of the American Farm Bureau Federation

Collection:: Economics Books

AGRICULTURAL RELIEF 65 I got the purport and foundation of it, was a sort of concession on your part to get the bill signed, when you left it optional with any cooperative or any number that might choose to come in under the fee. The question in my mind is whether they will ever choose to come in, as long as they have the stabilization fund back of them. I think my position is very clear, that this stabilization fund can never be maintained unless we do provide a fee to keep it going. Now, with that clause in it, as a matter of fact, it is questionable whether it will ever be invoked as long as there is anything left of the fund. Mr. Gray. Yes; it would be invoked. There is no doubt about that, because, as I have stated to the committee here several times, the experience that cooperators have had down to date, and the experience which they will get under these loaning sections, if they are ever tried out in disposing of a real surplus, will show them, after awhile, if not right now, that it is a good thing to keep away from for a cooperative to obligate itself to the Federal Treasury or to the Federal farm board and have to pay that money back. So experience would soon bring the cooperators to the point which I have suggested, and which is suggested in Senator McNary’s amendment in these words ‘‘because of the inability or unwillingness of the cooperative associations” to do this thing. I believe, and I feel sure, the cooperative soon would be unwilling to obligate themselves under the loaning section, on account of their known inability to make their obligations good, unless they would burst their organization in seeking todoso. So the cooperatives themselves would come to the point of view of having the Federal farm board go into the equalization operation. It will come, Congressman Adkins. The equalization plan will come Mr. Apkins. I agree with that. Mr. Gray. And it will come even with that section in there. It will come maybe a little bit later, as Congressman Prunell indicated a little while ago. It will come a little bit later than it would have come in the bill as it passed last year, but it will come, because the cooperatives are not going to try to bear that burden more than once. If they do it once they will never try it a second time. Mr. Apkins. You think if we impose the duty on this board of taking care of the surplus, with no restrictions on this board as to paying this sum back to the Federal Government if it is lost— and I am for that, as far as that is concerned— Mr. Gray (interposing). We are not. Mr. Apkins. Well, in the event it is lost, then I would not want to go back and give the power to anybody. This is an experiment any- how, and if the experiment loses this board has the power and au- thority and initiative to go ahead and undertake to stabilize any commodity, and if a loss occurs nobody pays it. We impose upon the board the duty of doing this, and if there is a loss, the board does not make anybody else pay it. The point I have in mind is the prac- ticability of this clause. That is the only thing I had in mind. as to whether it will ever be tried out. Mr. Gray. It will be tried out quite surely. Mr. Crark. Mr. Gray, may I ask a question. This bill, when stripped of everthing else, is a compulsory pooling bill, intended to take care of the commodity when the emereencyv arises.

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