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:: 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 467 can construct the machinery to doit. Thatis a challenge to Members of Congress and the members who are under the protective-tariff stem. In. AsweLL. I have not been able to hear any one make that clear. Mr. Caverno. I think that is perfectly plain. Mr. AsweLL. Show us how the fee will give him that result. Mr. CaveErno. It is so much simpler in wheat than cotton. Mr. AsweELL. You are not talking about cotton; you are talking about wheat. Mr. Caverno. If I should go out as an individual and buy 200,000,000 bushels of wheat and sell it abroad and put the country on an import basis, wheat would go up 42 cents a bushel, and it would not constitute dumping on a foreign market, because that same wheat would go abroad. Mr. Apkins. Just as it does now? Mr. Caverno. Just exactly. That wheat would go abroad. 1 paid for it. I took the 200,000,000 bushels and paid for it, and that 1s the result Mr. AsweLL. You have not shown us how the fee would do that. Mr. Caverno. It would furnish the money to buy that 200,000,000 bushels, and every raiser of wheat would have to prorate. Mr. AsweLL. Does the producer pay a fee, or would the industry? Mr. Caverxo. I am not talking of agriculture. Mr. AsweLL. You say you want to put agriculture on an equality? Mr. Caver~o. I do not need to on the same method. You make your money in the cotton market and I make mine by raising cotton. We might be on an equality as to spending money. That is exactly where the trouble is. It requires a different method for cotton than wheat, and they are all different from industry. Mr. Apxins. Just one more question, I want to ask you: Outside of three proposals, debenture, insurance fee, and the equilazation fee, in all these proposals that are made for the relief of agriculture, have not the farmers themselves, through the cooperatives, got authority of law to proceed now? Mr. Caverno. Oh, yes; we do not need a Federal charter. Mr. Apxixs. As a matter of fact, if they can not provide a means to take care of these losses, they would not attempt to operate under these schemes? Mr. Caverno. No. Now, just what I want to leave with you gentlemen is, there is the working machinery, as you can see, by which the wheat grower can get partial tanfl protection. Senator Borah said the other day it was an inverse tariff law—the export debenture plan is an inverse tariff law. Senator Borah has not read the law. It is a partial tariff protection, the best you can do under the circumstances with this scheme, and I will ditch that scheme any minute that some better method is shown that will give the farmer a larger proportion of the 42 cents tariff. Every day the farmer can look at the market and see what the foreign price is and see what the American price is, and he knows whether his production is penalizing him or not. Mr. KeTcEAM. Just a short time ago you said, in your judgment, that under the present arrangement that we had all the machinery necessary for the farmers to do this thing, provided they wanted to; that is, through the cooperatives and everything of that sort.

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