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 hon. William C. Lankford, representative in Congress from the state of Georgia

Collection:: Economics Books

632 AGRICULTURAL RELIEF time. - I do not see that the passing of the debenture plan would prevent the passage of the McNary-Haugen bill. I think you could pass the McNary-Haugen bill with the equalization fee or without it, and also pass the debenture plan, if you wished. I like the debenture plan; I think the debenture plan would help the American farmer. I believe it would cause him to get more for his products. = I do believe that the debenture plan falls down on one proposition. I do not believe the debenture plan solves sufficiently the question of overproduction, and I think that is the greatest problem of all.. The one problem which must be solved eventually is the control of production and marketing in behalf of the farmer. Mr. KiNcHELOE. Do you think the McNarv-Haugen bill would do it with the equalization fee eliminated? That is the question which has been bothering my mind a long time. Mr. Lankrorp. Of course, it would enable the board to take cotton off the market, as has been explained here. I have never been very strong for the McNary-Haugen bill. © I voted for it, however, as the best bill in sight. Mr. KincHELOE. I mean overproduction. You take the Curtis- Crisp bill and these other bills—and I am not saying that in a criticiz- ing way. I know it is as fundamentally sound as anything in the world that whenever you increase the price of agricultural products in this country—that is, if the seasons are favorable—you are going to increase production. Mr. Lankrorp. You are going to increase production. Mr. KincHELOE. Absolutely. Mr. Lankrorp. And you wreck the very machinery by which you propose helping the American farmer. So the greatest problem is the control of overproduction or the problem of marketing what has been produced. It would be all right for the American farmer to produce an abundance if he was able to keep it off the market. If he is able to look the world in the face and say, “It does not make any difference what I produce, I am not offering it for sale at all, and you can not get it.” | Mr. PurNELL. What, in substance, is your plan? Mr. Lankrorp. I intend to get to that. Mr. PurNELL. I want you to present a skeleton at least of your plan you have in mind. Mr. Lankrorp. I would be very glad to do that, as fully as possible before time of adjournment this morning. Mr. PurneLL. I think you had better go right to it. Mr. Lankrorp. The bill I introduced is H. R. 77, patterned along the line of the war finance corporation act. I used the war finance corporation act as a basis for my bill. I used the first six or seven sections of that act, simply changing the name of the agency to the farmers finance corporation. Mr. PurnNELL. How much of an appropriation would be involved in your bill? Mr. Laxkrorp. I think I mentioned $500,000,000. That would be ‘a matter for the committee to figure out, provided my plan is worthy of acceptance. That is a mere matter of detail. I provide in section 8—if I may have the attention of the gentleman from New Jersey, Mr. Fort and others—— Mr. Fort. I was just asking what had been going on before I arrived, Mr. Lankford?

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