Agricultural relief: Agricultural relief

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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:: 1831934515

URN:: urn:nbn:de:zbw-retromon-232102

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 4

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 255 - 297

Digitisation:: 2022

Collection:: Economics Books

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

284 AGRICULTURAL RELIEF There are two proposals for handling or controlling this surplus production when it occurs. One of them is a simple loan from the revolving fund, such as would be in the McNary-Haugen bill without the equalization fee; in the Fess-Tincher bill of the Congress before ast, in the Crisp-Curtis bill of the last session of Congress, and in the Crisp bill of this session—they represent a simple loan from a revolving fund. . The other suggested plan is the same loan from a revolving fund, with an equalization fee levied upon every marketed unit of the com- modity, spread over all of the producers in proportion to their pro- duction, in order to raise a fund which would guarantee any losses and the return of the revolving fund in its entirety. Now, those are the two proposals. Mr. Former. Doctor, right there may I ask you a question? In all of these other bills mentioned by you, there 1s a provision that would give the board the right to have this agency collect a commis- sion or certain fee so as to create a fund to pay back that loan, the only difference being that it would be out of folks who operated through this agency, and under the equalization fee it would come out of all the producers? Mr. Kingore. That is correct. I believe in the equalization fee plan for two or three reasons: In the first place, the equalization fee means that every producer in a measure buys back his surplus pro- duction. If I produce 100 bales of cotton, and there are 10 bales of surplus, or 10 per cent, then my equalization fee either buys back and holds the surplus, or else it is used to guarantee any losses, costs, and charges of the agency which holds 1t for me, and to make ood the loan to such agency from the revolving fund. In that way, every producer has an interest, if he does not actually own the surplus. The farmer or the producer is the only man interested in the surplus. If he owns the surplus, that surplus of this year is not coing to let him go next year and produce another big crop to the extent that he can prevent it, to break the price on the crop that he produces next year and also of the surplus which he already owns. To me that is fundamental. One of the most difficult things in connection with farm legislation is the matter of restraint on pro- duction or control of production within reasonableness. The equali- sy fee does that in a way that the simple loan proposal does not reach. Right here I think I had better emphasize how strongly I am for the equalization fee. From some of the questions you gentlemen asked yesterday, I rather get the idea that you think I am a mild- mannered man, and that because of this I may not be impressing nor that I am as strong for this as I really am. Down in my part of the country there is an evangelist, well known and highly thought of, named Ham. One day Mr. Ham, with a number of his admirers, was standing talking, and another gentleman came up who had not inet Mr. Ham; and a friend of both of them undertook to introduce this gentleman to Mr. Ham, and he said to him, “I want you to meet my friend, the best part of a hog.” This gentleman extended his hand and said, “How do you do, Mr. Chittlings?”" ’ ! The equalization fee is the ““chittlings”’ of this bill.

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