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

AGRICULTURAL RELIEF 603 would require. Then they can get all the money they need, and on a fair basis with the lowest rates, because it would enjoy probably the best credit in the United States, or equal to any. ) In a short time under nation-wide farm marketing these would be among our most solid institutions, with hich standing and unlimited credit. This would not only increase the farmers’ income, but it would put agriculture on a solid business basis, as solid as manu- facturing or any other great commercial business of the nation. ve can not expect agriculture to prosper permanently until that is one. Farming, like other business enterprises, can not prosper unless it is put on a paying basis. You can not expect the farmer to work for nothing. You can not expect him to plod patiently along when dealers get $2 out of every $3 paid by consumers for his products, and the farmer gets only $1. This injustice should be remedied, if there is any way to do it. Systematized nation-wide marketing is the way, and I am convinced that these farm commodities can as easily be organized and marketed under Federal charters as the products of any other class of industry. The two outstanding acts of Congress in our generation have been those establishing the Interstate Commerce Commission and the Federal reserve banking system. An act creating a nation-wide farm commodity marketing system will rank with them in importance. There is nothing complicated or involved in such action. This would be merely an enabling act, permitting the farmers to form marketing boards of control with authority to establish a compre- hensive efficient marketing system in their own interest. But they must control the merchandise. They must have this authority, the million three hundred thousand farm producers, to work out their own salvation. Mr. FuLmer. May I ask you a question right there? What effect would your marketing proposition have on the regular channels of marketing farm products? Mr. Yoakum. It would revolutionize them. No matter what plan or bill any Congressman is advocating, I feel that they can consistently support a marketing system of the farmers. And I want to say, Mr. Chairman—1I believe I have said before—that I do not come here to back or support any measure. You are familiar with them all, and have your personal views regarding them. I am only bringing this as a practical suggestion which I hope may be helpful. I have no ready-made bill to submit, asking your support. You gentlemen are experienced in legislation—the legislation that will enable the farmers to relieve themselves. The farmers do not need any financial help, except to get started in their organization. Mr. MENGEs. Mr. Yoakum, may I ask you a question there? Ifl understand you, you advocate cooperative commodity control? Mr.YoakuMm. Yes, sir. Mr. MENGES. 4m I right? Mr. Yoakum. Yes, sir. } } i ] Mr. MENGES. Now, here is a thing that is happening right now. Over here in West Vriginia in the bluegrass region they sed bo Yun duce catt'e. As you know, bluegrass 1s one of the best cattle feeds that the Lord ever made? Mr. YoakuM. Yes, sir. W160—98——SER E. PT 8———°

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