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

608 AGRICULTURAL: RELIEF is no wheat that can be produced nowadays, considering labor and other conditions, including the difficulties they are operating under and the high prices—we might mention the tariff and other things— for less than $1.45; that is the cheapest. Therefore, you should have a board that would bé national in operation, and the board would be approved by the President of the United States or such authority as the legislation would give; it would be sent to him for his approval—he would not name them; let us keep it out of that if we can. In that way you would then estab- lish what? Authority in 14 States the same as the authority, with- out being written into law, as to-day handles 10 organizations handling 82 per cent of all the steel in the United States, which is of twice the value of all the wheat. Mr. Apxins. As to the credit. I suppose you have studied this cooperative business. I do not presume you know of a single com- modity cooperative organization that has ample assets to-day that has any more trouble getting credit than private organizations. It is only the ones that are bankrupt that can not get credit. So that such an organization and set-up as that, which was sound financially and het sufficient assets, would not need any particular legislation to get credit. Mr. Yoakum. Yes. We cover the whole United States, which is the only way to handle any competitive product. You would have to have assets that would enable you to operate just the same as your machinery of the Federal reserve would do. Mr. FuLmMer. Mr. Yoakum, do you propose under your bill to allow this board to fix a fair price on the commodity based on the cost of production, etc.? Mr. Yoakum. Yes, sir; it would have to. There is no use taking this half way. If we can not do that, what is the use? If you can not fix the price. If you go to a peanut stand the fellow fixes the price, but the fellow who grows the peanuts in Georgia has nothing to do with fixing the price. Mz. Chairman, I am very much obliged. Mr. KincuELOE. Mr. Yoakum, may I make a request? Exhibit A you have filed contains a whole lot of information. If you can amplify that I would like to have you do it. Of course, you have said it is impossible to put in the cost of processing, but I would like for you to take the time to go over your remarks carefully, and I think the committee would not object if there is anything you can think of in the way of statistics to go ahead and put them in, because I am frank to say that I have had the pleasure of hearing you several times before, but I think your talk this morning is the most funda- mental, not only so far as American agriculture is concerned, but agriculture of the world, I have heard before this committee in my short term of eight years I have been a member of the committee. Mr. CrLarkE. And I want to compliment you upon your presenta- tion. I think it is not alone fundamental, it is far-reaching, it is instructive. We have got brains enough around this table so that if we could sit down with a few of you fellows and get together we could whip this into something that could be made of everlasting benefit to agriculture, and I am grateful to you for coming here. Mr. Fort. Have you any copies of your memorandum other than the one you left with the reporter?

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