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

218 AGRICULTURAL RELIEF in the cooperative association. We sell all that we can readily. . . y According to our experience, ‘about 60 per cent of what we receive has been sold readily and quickly richt off the floor to buyers, and that is what we attempt to do. Mr. AnprEsEN. How soon after delivery by the producers of the tobacco to your cooperative do you pay him for the tobacco? Mr. MorcaN. We pay him 50 per cent of the appraised value of the tobacco the day he delivers, and the last year we operated we paid 60 per cent of the appraised value of that tobacco on date of delivery. Then, as the tobacco 1s sold, more money is paid to him. Mr. AxprESEN. Then you think 1t would relieve the situation if you could pay the people the appraised value? Mr. Morgan. There is nobody knows what the real value of tobacco is. Tobacco is purely a fancy; absolutely a fancy. There is no way to get at the value of tobacco: I wish there was some way to value 1t, but there is not. Mr. McSweeNEY. Is not that true of the wines in France? Mr. MorGaAN. Practically the same thing. Certain vintages of wines in France have an added value because of an exceptionally good grape year. Mr. KercuaM. Just one more question. Will you just please dis- cuss, for the information of the committee, how would you expect the membership in your cooperatives to develop? How would it sustain itself, I mean, so far as membership is concerned, if the MecNary-Haugen bill with the equ alization fee were enacted into law? Mr. Morcan. With the equalization fee? Mr. KercuaM. Yes; Tow would you expect your cooperatives to thrive), lz other words, so far as membership is concerned? Do you ny hl increase your membership or would it decrease Mr. MoracaN. Oh, yes. NL Baru Or would it make very much difference one way Mr. MorGaN. The membershi 1 i more members would come in iy TV Ie their tobacco properly graded, for th i g 8 ph Den | e grower is a producer, and he can i Jos y learn everything about these different grades of tobacco Mr. Kercaam. And you really believe, outside of th ] ing reeulated i ally , outside of the price being 8 ated, your splendid service in assembling and grading, and all these very complex details of marketing, a suffici : & 1d be rendered so that men would be willin a Sep ib ow their good money for the services you w 2 1d nde > and put down +h Morgan. I certainly do y ould render? Mr. Kercaam. In th : a sumer of Lmes. ans © use of the word “we,” which you have used ens Tolpis you it inking in your own mind more of your duce the particular kind of t io In grins of J the popis who pro. Mr. MORGAN. I am thi obacco that your association deals in? th AN. m thinking of those people. Ih b em. I have seen their h RE aR than any man in this ogo I have slept in more log cabins people. ~ I know what they a perioge, 1 lum fi yishis of those to-day. y are entitled to and what they are getting e average profit and I do not baron of hose growers has been less than $200 a year, anv such condition should be permitted to

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