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

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of B. F. Yoakum, New York City

Collection:: Economics Books

600 AGRICULTURAL RELIEF the wheat growers’ organization would stabilize the price and that would be the fixed price. Every dollar of profit in this operation would go to the farmers, except the small amount necessary for organization expenses and operation. It would add hundreds of millions of dollars annually to the value of the wheat crop. The dollars-and-cents argument would tount for more than all the talk and enforcement regulations that could be passed. Financial inducement; backed up by educational persuasion, would accomplish more than any forcible control measure ever could. Once the farmers realized that their organization was working solely for them and in their interest; that it was obtaining for them better and more uniform prices, practically every farmer would take advantage of this, his own agency. With all required to submit their interstate shipments to the farmers’ board, the few who would remain outside would hardly be worth considering. This has got to be made an interstate proposition—80 per cent of the agricultural products, as shown by the investigation before the Interstate Commerce Commission, passes from one State to another. Now, I hold that if a farmer or organization of any kind wants to sell at home or give their stuff away, they can do it; that is their business. But they ought not to be permitted to ship that stuff into any other State and break down the prices of the farmers throughout the country. Therefore, the interstate feature of it is very important, in fact, it is essential. Overproduction, as we all realize, is the greatest menace to stabilization. It is the surplus that sends down prices. That was the cause of the trouble with wheat in recent vears, as it has been on surplus. Membership in a wheat-marketing association should, in my opinion, be based on “acreage planted.” By estimating in advance the acreage required to produce enough wheat for normal require- ments, the board of control could then allot fairly to the different wheat-growing States the acreage to be planted. They could not control that, understand, but farmers are beginning to realize that they have got to get together, that they have got to work under some combination. By allotting acreage fairly through boards of control, impressing upon the farmers the necessity of keeping within this limit if they expect to get a fair price for their wheat, production as well as marketing would be systematized. The first essential in any business, of course, is the production; the next is the marketing. Now one under control and the other un- controlled makes a proposition that is impossible to carry out. You have got to control both, but not a necessity production, because the marketing under a control of this character would control production. As to membership fees, just a little information based on acreage. Take wheat as an example. An average of 58,000,000 acres a year are planted. Mr. KincHELOE. What do you mean, in the world or in this country? Mr. Apkins. Acres, you mean? Mr. Yoakum. Did I not say acres? Oh, yes; acres Mr. KiNncHELOE. In this country 58,000,000 acres?

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