Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

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

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

Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Albert S. Goss, Master Washington State grange and member Executive Committee, national grange, Seattle, Wash.

Collection:: Economics Books

382 AGRICULTURAL RELIEF I look forward to the time when there will be a graduation of im- port duties in the case of wheat, just as I feel that there should be a graduation of import duties, if you had duties in the case of cotton. Mr. Fort. Based upon grade? oo Mr. Stewart. Based upon grade, differentiating that which is upon an import basis from that which is upon an export basis. Mr. Jones. Differentiating as in the price of cotton. a different price for the different price. oo Mr. Fort. Would it not be sounder economically at this time—a better national policy—to make your debenture an inducement to the man to raise the better grades, the things that we do want rather than the things that we do not want in this country ¢ Mr. Stewart. I thing that is true. The experience under the English bounty brought out one interesting point, and that is that the effect of the bounty was to get the poorer grades out of the country. [Laughter.] Mr. Fort. We have certain grades of wheat, which are not used in this country except to a relatively small percentage, for instance, macaroni wheat, chiefly raised for export. The presence of these grades of wheat makes up our present statistical surplus to a large extent ? Mr. Stewart. To a large but not total extent. Often soft wheats are on an export basis. Mr. Fort. From year to year, however, we still want the soft wheat here in large amounts. But we do not want a large amount of macaroni wheat, do we? Mr. Stewart. No. Mr. Fort. Would it not be a better piece of legislation, from the picture you have drawn here, if, following what you said a while ago was the policy of a great many countries in establishing export boun- ties, you place bounties on the things we want a larger production of and no bounties on the things we do not want any production of? Mr. Stewart. I would say that there is in that principle some- thing to be considered; I do not think that is the sole consideration that should enter into the graduation of export premiums on grades. Mr. Fort. I am not saying it is, but should it not be a feature of legislation if we are going to adopt this legislation at all? Mr. Stewart. I think in some cases it could be a determining factor as to how you would graduate your bounties. Mr. Hope. Is it not true, Doctor Stewart, in a great many cases where we have odd grades, like wheat and cotton grown in different localities, and one quality is only adapted to that locality: is not that what makes the difference in a great many cases? Mr. Stewart. That is true. When we had the study made as to whether the wheat duty should be raised, we made it in Montana, North Dakota, South Dakota, and Minnesota. where your northern spring wheat is being raised. Now, gentlemen, if a study had been made in Oklahoma it might have revealed a difference in costs which might not have indicated 42 cents a bushel. It might have been more; presumably it would have been less. There is perhaps a tendency to pick the areas where costs of production and marketing per bushel are highest. Mr. Forr. We are getting a little away from the thought. I wanted your opinion as an economist. Do you think it is good judgment

Access restriction

Copyright

fullscreen: Export debenture plan (Pt. 5)

Multivolume work

Volume

Chapter

Table of contents

Download

Volume

Chapter

This page

Image fragment

Citation links

Citation recommendation