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.

450 . AGRICULTURAL RELIEF Mr. Fort. Do you find anything in the Haugen bill that contem- plates that use of it? Mr. Kircore. I think the use of the surplus there in holding down the price; that is, putting it back on the market at a price so as to keep it within reasonable levels, would operate around the same way, perhaps exactly the same way, under the two bills, the loan bill and the McNary-Haugen bill, with this exception: That you would have the ownership of the surplus in the hands of the grower under the MecNary-Haugen plan, and therefore it would be a greater deterrent on production than you would under the loan bill, where there was no such ownership. Mr. Fort. Do you feel, Doctor, however, even though he knows the surplus has been held for him at a hundred cents on the dollar— that price less an equilization fee; do you think he will feel—the average farmer out in your country, back in the hills of Mississippi, Arkansas, or South Carolina is going to feel that he owns three bales of the surplus? Mr. KiLcore. I think so, sir. Mr. Fort. You do? | Mr. Kincore. I think the farmer is the only man who has an interest—— Mr. Fort. I did not say that. Do you think he is going to feel he owns it after he delivers it? 5 My Krmncore. I think with proper information that will go out, e will. Mr. Fort. I have some faith in a lot of farmers, but I have ny doubts as to their knowing that, after they have sold. Mr. KiLcorg. I think they will know it; that the cooperatives, subsidiaries, or stabilization corporations handling the surplus are going to let the growers know they own it and that if they produce another big crop they will have the loss on the present crop, and the surplus both. Mr. Kercram. If I got your statement correctly, you said this, that you thought that the surplus that we carry over from one year to the next might be used possibly to keep the price down in the succeeding year. That was what you stated, was it not? Mr. KiLGcoRE. Yes. Mr. Kercaam. I am wondering if you have ever thought this thing through: With the tremendous share of our population on the other side, interested in a low price rather than a high price, have you ever thought of the danger of this being a sort of a sword that would cut the other way, and that it might be used by the people on the other side who are interested from the consumers’ standpoint on stabilizing the price at a lower level than stabilizing the price at a higher level? Mr. KiLeore. I take it this board is going to operate fairly toward the consumer, and yet it is going to operate reasonably in the interest of the producers, and that that will be used to stabilize the price as high up as necessary to give the producer a satisfactory return. a fair price. Mr. Kercaam. Do you not see this danger: For instance, if you 20 out to the farmers and say, “Now, gentlemen, we are asking you by make this sonirihgon for the purpose of stabilizing this price.” the sural pose, > ter those men have made their contributions, that plus would be carried over and all these penalties imposed for

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