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

216 AGRICULTURAL RELIEF I think we will all agree that when you stimulate the price of the commodity on the market you also stimulate the price of other commodities, and theréfore it is in the Interest of everybody to bring about balanced production. There are some of them who adhere to the idea advanced some years ago, but which has been abandoned by nearly everybody that tried it out, that it is not possible to bring about balanced production. We have to take all of these important factors together that enter into determining production. Mr. MorGAN. Mr. Chairman, in my opinion, under the MecNary- Haugen bill this question of increased production will largely solve itself. You take our people in tha last year or two, when the tobacco was low, they were going in for dairy cows, and putting up creameries in that country, and straining for something else, trying to diversify. Personally, I do not think much of diversification, as the word is generally understood. The CuairMAN. Do you not think the larger the surplus the lower would be the price, that that would be the greater argument in favor of balancing the production? Mr. MoRrGaN. Yes, sir; and I think under this bill if you make corn and wheat and other farm crops profitable there will not be the ten- dency to overproduce. Yr. Oyen I take it from your argument that you are strongly in favor of cooperatives? Mr. Morgan. Yes, sir. Mr. CLarxE. Do you believe levying an equalization fee upon a commodity like your dark tobacco will encourage or discourage the cooperatives? Mr. Morgan. I think it will encourage them. Mr. Crarke. What is the inducement for those who are not members now to come into the cooperative organization if an equal- ization fee is provided? Mr. MorGan. Tobacco is sold from the auction floor, and when he sells that tobacco, the average grower has not the slichest idea what tobacco 1s worth. He does not know its value and hardly knows hal Frade 1t I But under the association plan, when he delivers hs go etn rg ave expert graders who put on that tobacco what the Frade : ne Len every buyer knows what it is and it can be made to Mr. CLARKE. A - 2 oli] ‘ IAI re there not graders to-day existing outside of your Mr. Morgan. There are graders, but they do not grade tobacco on the loose-leaf floors. The tobacco is is put up and sold and the EW does not know what grade his tobacco is. The “pin Loo! er is the man who goes around on that floor watching for that usiness, watching for a man who is selling too 1 d then he will buy it and put it up again and sell it 35 he I a lite Tn 0 Sore Los br sell 1t. So there is that incentive to Mr. Apkixs. In listening to rion. : Ing to carry this at the expense Te the oper: te vit have had in toy ment correctly, it is that you perh NE ER got your state- per cent of the o rou perhaps could go out and sign up 50 e growers this year, but you do not feel like d because they could not o ) y o not feel like doing 1t arry the load for all of the production. .

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