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:: 183193440X

URN:: urn:nbn:de:zbw-retromon-232093

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 3

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 181 - 253

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Mr. Geoffrey Morgan, representing Dark Tobacco Cooperative Association; Hopkinsville, Ky.

Collection:: Economics Books

212 AGRICULTURAL RELIEF We know that over a period of years there is always a short year. The buyers know that, and they buy heavily of these cheap crops, store that tobacco away and wait for a short year and make big money. That is why tobacco is so high this year. We have one of the shortest crops that was ever grown—probably the shortest crop that was ever grown, and the buyers are paying to-day, with no organi- zation, one of the highest prices we have ever had for tobacco. But why are they doing it? Because they know perfectly well that by paying high prices it will cause the farmer to put out the whole face of the earth in tobacco this year, and there will be a tremendous supply of tobacco next year, and then those buyers can buy tobacco at any price, and get back many times all the extra amount they paid. this year, with interest compounded. Itis an old trick but 1t always happens, and buyers are going to be able to keep on doing it without a cooperative association to stabilize that market. Mr. Kercaam. The thing you are interested in, of course, primarily is the matter of an adequate price, is it not? lr. MorGaN. Yes. sir: a fair, just price. 1 do not believe in high prices—— Mr. Kercuam. No. Mr. Morgan (continuing). Because that stimulates the growing of tobacco in other places, and just simply pyramids itself and hurts usin the long run. We want a fair, living price for tobacco, that is all. Mr. Ketcham. Just another question in that connection: I under- stood you to say to this committee that 50 per cent of your folks could be signed up? Mr. MorGAN. Yes, sir. Mr. Kercram. And about 50 per cent would remain outside? r. MorGaN. Yes, sir. Mr. Kercuam. Virtually, then, you are asking this committee to apply the screws to the other 50 per cent, really compelling them to come in and bear this burden. Now, the point I want you to see and that we are face to face with is, will that action, if taken by this cominittee, suit the 50 per cent who prefer to stay on the outside; and particularly, viewed from the standpoint of local control and the mdividual choice that a man may have as to when and to whom and under what conditions he shall market his crop? I just wanted you to see that other side. Nr. Moraax. I think from the experience 1 have had in talking people that they will welcome the equalization fee, even the non- opens, because they realize that whereas they are contributing slightly to the carrying of the surplus, it is benefiting them in the price they receive for their crop as a whole. Mr. Kercnam. Some of us are taking this viewpoint, if the same ie can be achieved, namely, in the reaching of a price that will be satisfactory, why the necessity of burdening your people with the compulsion idea that is involved in th lization 1 if pri 1s the ultimate object of the levyi © equalization 18s Be association of all e levying of the equalization fee and the the same end thot people to get it. We are trying to achieve cauhanon 1 'p the compulsion idea that is volved in the c ee and in the appointment of a great horde of folks to go around and say to people, “N . . equalization fee , ow, you come across with this h

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