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:: 1831935244

URN:: urn:nbn:de:zbw-retromon-232156

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 8

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 591 - 642

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 B. F. Yoakum, New York City

Collection:: Economics Books

596 AGRICULTURAL RELIEF to potatoes or other perishable products; that is, the mechanics of it have got to be different, because it is a different commodity and must be handled under a different operating arrangement. To be effective, the marketing boards of control should be charged with the responsibility of establishing rules for grading, classification, and packing; and to establish and maintain fair prices based on cost of production plus a reasonable profit, and given authority to direct shipments. Directing shipments is the vital element above all others in maintaining a stabilized marketing system, just the same as it is with the corporations handling the products. These boards of control should be given authority to direct ship- ments, both interstate and foreign. They can regulate the supply to meet the demand in an orderly manner, preventing scarcity in one market and a glut in another. The conditions that break prices or raise them leave the farmer at the mercy of the speculators. I have known that to be done; I have known personally where it has been done in many cases. I will not relate it, but we have many records of where it is done for that purpose. Here is something that is interesting, I think, in a way. Other countries are organizing for the purpose of controlling both foreign and interstate shipments. The boards would be in position to deal more. effectively in disposing of surpluses that must be marketed abroad. Other countries are organizing to control both production and marketing. Witness the Cuban sugar control. I just had a letter—I did not bring it with me—from that controlling power of the surplus of sugar. They name seven different foreign export sugar countries that have now joined their organization; and they say in their statements published from Paris, where this organization was largely put together, that this organization is for the purpose of controlling the surplus sugar of the world, and they are going to do it. As you all probably know, there was a “meat war” between the packers of London and the packers of Chicago in the matter of beef. They spent a large sum of money before they reached a conclusion, but their division was about 50-50 between England and America. They used the name beef brokers to distribute and market the cattle business of the Argentine. Now, that is going on all the time; I mean it is growing. Food products are becoming the great staple business of the world, from a money standpoint. If the American farmers can not combine or do not act with their united strength, they will in a very few years find themselves in even a less favorable position to control their prices in the markets of the world than they are to-day. This can not be regarded as entirely of the United States, because the other countries are coming under the same conditions. . Mr. ANDRESEN. Mr. Yoakum, will ‘you permit a question right there? How will you finance these corporations and what respon- sibility would the Government have outside of issuing the charters? Mr. Yoakum. I will come to that, if you will permit me. This is by suggested ideas and plans. don’t you understand? This is not a Organization is a necessity. We all admit it. How can it be brought about? Let us take wheat as a concrete example. Surplus wheat is our greatest trouble, you all know. I now come to my subject of marketing wheat under Federal charters. I think this

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