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

AGRICULTURAL RELIEF 601 Mr. Yoakum. Yes, sir. Five cents an acre, the acreage member- ship fees, covering the entire wheat-growing area of the country would amount to $2,900,000. An increase in the price of 50 cents a bushel, which ought to be easily obtained under systematized mar- keting and stabilized prices, would increase the wheat growers’ income $400,000,000, based upon 800,000,000 bushels of wheat, which is about our general average crop. That includes seed wheat, which takes off an additional 77,000,000 bushels, but it is necessary, of course, in carrying on that business. The farmers are sensible. Man for man I will back them for their intelligence and appreciation—and that is growing all the time with them now—with any class or element of business or industrial activity in this country. I happen to know the farmers fairly well. I believe the farmers of Toledo will tell you that. I have been talking to them now over 24 years. I have made 150 talks before them. I keep in constant touch with them, all the time, and I say that if they can see big results with small expenditures, you can depend upon them to stand by the marketing organization and maintain their membership. Of course, in this case, 1f they should become a factor in the solution of this business, the farmers would have to stand by it. Mr. Apkins. Would you propose making that 5 cents per acre mandatory? Mr. Yoakum. It might be, in working this out, found to be more practicable to place it on the bushel basis. But this fixes the amount to be—— Mr. Apxins. That is not material, but my point is, would you make that mandatory or voluntary? Mr. Yoakum. As to membership, it will have to be voluntary. But they would have to pay it, if that was put up. I am not so cer- tain about that. This problem has so many angles that you think one thing out and think you are right, and then it stumbles and then you go back and start over again. But from all my figuring I believe that an acreage on wheat would be the most desirable for member- ship. It gives them a membership, this membership belongs to their organization. These fees would go into their treasury, of course and it would be a little help in the beginning. But I want to say I am not tied to this as against other suggestions. Give them a broad, constructive enabling law that will enable them to establish a marketing system as efficient as that of other industries; give them authority to organize and sell their products at fair stabilized prices under control; put them in a position where they can obtain through the Federal reserve banks—this has been a great thing against the farmers—on equal terms with other industries, the credits which the value of their products justify, and they can finance the entire marketing proposition themselves and reap large profits. I know you have had some experience in that; you know that can be done if they are organized. Mr. KINCHELOE. Yes. i Mr. Yoakum. Farm commodity marketing can be established for only a fraction of what other plans would cost. Mr. Chairman, if [ am talking too long you will call my attention to it. No large Federal appropriations are involved; no elaborate governmental machinery of administration and enforcement.

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