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:: 1831934884

URN:: urn:nbn:de:zbw-retromon-232132

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 6

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 429 - 520

Digitisation:: 2022

Collection:: Economics Books

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

AGRICULTURAL RELIEF Mr. KiLcore. Indirectly, we do. Mr. Mexces. How? Mr. KiLcore. By having one price for milk for distribution to the trade that uses whole milk, and another price or prices for the milk that is used for other purposes or for making other products. } Mr. AsweLL. The extra price they have for the fluid milk you sell helps to average up the price of the stuff you have to sell at the lower prices? Mr. KILGORE. Yes, sir. : Mr. AsweLL. You have not told yet how you pay the equilization fee. I do not see anything like that in the McNary-Haugen bill. Do you have to pay a fee? Mr. KiLcore. We do not pay a fee. Mr. AsweLL. Then the McNary-Haugen bill without the equiliza- tion fee would answer your purpose? Mr. KiLGorE. As we do not have an export business, or cover a very large territory, the collection of a fee is not necessary—I am afraid the gentleman just has not thought through his bill as fairly as he might do.. Mr. AsweLL. Oh, yes; I have. Mr. KiLgore. We are providing, so to speak, a domestic price for our main product that we can consume or sell to our main trade, and we are providing a foreign price, so to speak, somewhat lower, as you would have in the tariff-protected products for the other products trade, which is entirely the principle of the McNary-Haugen bill. Mr. Fort. Are you through, Doctor? Mr. KiLgore. I had come just about, Mr. Fort, to the point where we left off. We might begin now. Mr. Fort. I am sorry I did not understand you were to have been on this morning or I would have made my arrangements differently. Mr. KiLGore. I purposely, as I stated to the committee, did not continue where we left off, so that you might continue your questions. Mr. Fort. Do you want to make a further statement on the points where we left off, or shall I go ahead? Mr. KiLGore. I shall be very glad to have you go ahead and I will follow you. Mr. Fort. Just to get the picture as to where we were, Doctor, you and I had some little question and answer as to the price basis that the board would operate under the equalization fee bill and under the loan bill. Mr. KiLGORE. Yes; precisely. Mr. Fort. We agreed that the identical board would operate in either bill. Now, we also, of course, agree as to the fact that the only limitation in the specific provisions of the Crisp bill, instructs the board to operate, if it operates at all, when prices are below or, except for its intervention, may fall below the cost of production with a reasonable profit to efficient producers. Would you fix a higher point than that at which purchasers of a commodity should begin under the Haugen bill? Mr. Kircore. It is rather difficult to determine—I think it would be rather difficult for the board to determine at what price it would begin to buy and thus stabilize the price of cotton under the term “efficient, producer 135

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