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:: 1831935066

URN:: urn:nbn:de:zbw-retromon-232142

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 7

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 521 - 590

Digitisation:: 2022

Collection:: Economics Books

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

AGRICULTURAL RELIEF 527 what you are doing, by getting the cooperation of everybody who is concerned with the marketing of the commodity and making it to the commercial and financial interests of everybody concerned to help you bring about stabilization rather than to make money as a conse- quence of the fluctuations in price. So far as we are concerned, we would greatly prefer a stable price to an unstable price. Mr. FuLmer. But on the part of producers in the past there does not seem to have been anybody trying to assist them in bringing about a fair price. They have had no control over their surplus and the other fellow has taken advantage of it and fixed a price at the expense of the producers. Mr. AxpErsoxn. I have said, that I think that there is a problem here, and I think something can be done about :* But I do not think it can be immediately done on the vast scale «. .2aich I fear it is contemplated here. Mr. FurnMmER. You realize it would be just as bad on the part of this machinery or board to attempt to put the price too high as it is now with the price too low? Mr. ANDERSON. Yes; and I fear that might happen. Mr. FuLmer. It is a matter of controlling a surplus, when we are blest with one, so as to bring about a fair price in accordance with the size of the crop; in other words, if you had a small crop of wheat, for instance, it might bring $2, it would not be the conten- tion of the board because we had an extremely large crop to get $2.50 per bushel when perhaps that crop would have to sell for $1.50. But over a period of vears by averaging the prices you would get a higher price for the surplus of the large crop. Mr. ANDERSON. We do not disagree about what the problem is at all; if we have any disagreement, it is, I think, about the speed with which we can get at it and the kind of machinery which should be adopted to do it, and the underlying policy which would govern both the board and the commercial organizations created to deal with 1t. Mr. Furmer. Do you favor this plan, Mr. Anderson? Mr. AxpeErsoN. I have already said, I think perhaps before you came in, that we think a board such as proposed here, if soundly constructed, would be of material aid in fixing the limits of the problem and in aiding and in organizing the necessary instrumentali- ties to deal with it and in financing those organizations. Mr. ANDRESEN. Mr. Anderson, you believe that that board should be given sufficient money to carry out its judgment as to what should be done?" Mr. ANDERSON. Yes; subject to proper limitations. Mr. AxpreseN. If that board were given sufficient money, do you not believe it could do just the same as any private individual could do in the handling of these commodities? Mr. AxpERsoN. No; I do not. I have had a good deal of experi- ence with board, while I was a Member of Congerss and since. They do not function commercially. Business is essentially autocratic. You have got to fix responsibility and its responsibility must be promptly exercised. It is often more important that a thing be done and done wrong in business, yet done immediately, than that a lot of time be taken in order that it be done right. If I were doing it myself—and I am approving this board—I think that if the board

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