Agricultural relief: Agricultural relief

Agricultural relief (Pt. 8)

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

Usage license:: Get license information via the feedback formular.

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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.

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

Document type:: Multivolume work

Structure type:: Chapter

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

Collection:: Economics Books

592 "AGRICULTURAL RELIEF At $1.15 a bushel, delivered at local elevators, this amounts to $736,000,000. I wanted to call special attention to those two commodities. There are 10 organizations controlling one of the products, and 14 States, which may be regarded as 14 corporations, controlling the other. If wheat were marketed at the same proportion between production, cost and selling price as steel is, and the price stabilized, as is that of steel, the wheat producers’ income would be increased $320,000,000 a year. The turnover in steel is figured at two and a half times a year. Wheat is confined to one crop a year. Steel is always sold at a substantial profit because it is organized. Wheat is sold for less than cost of production, because it is unorganized. Here we have two distinctive commodities, both basic in value. One is produced through manufacturing; the other is produced from the soil; but both are basic, and both credit values should be the same. Wheat, if organized under an organization to control its marketing and its distribution and conducted on the same business principles as steel, would be equally as profitable to wheat growers. It is such enabling legislation as would permit this that I would like to lay before your committee. Understand, Mr. Chairman, I am not presenting a bill; I am only talking of business principles. The CuATRMAN. Your statement is very interesting, I am sure. Mr. Yoakum. I am speaking of methods that will really and completely place farming on the same business level and equality with other industries. We talk a great deal about that. We talk about getting the farming interests on the same level. And farming can only be placed on the same level through the same processes and methods as are adopted by other industries, and that is control of prices. It is the price. after all: it is the marketing that is the great problem. Wheat is produced: on about 1,300,000 farms, averaging 665 bushels to the farm, to be sold at prices fixed for them by others. Consumers in this great food-producing country have paid for 17 standard food products, taking those values from the Department of Agriculture, twenty-two and a half billion dollars, of which the farmers received only seven and a half billion dollars, leaving a spread between the man who produces and the man who consumes of $15,000,000,000 to handle a crop of our foodstuffs. Now, I have here this prepared statement which I will leave with you as Exhibit A. This exhibit shows the distribution as to where this money goes, and it is correct. It shows where this great problem rests. The food business has grown to such great proportions in our large distributing centers—in fact, in all of our small centers—that it is a great encouragement, a great inducement. If you will permit me to say it, I live in the country; I live on a farm. I pass in the mornings on one block—and I have called attention dozens of times to people riding in with me to the fact—where we have six grocery stores—six stores all selling practically the same stuff; that is, in that one block six rents, six clerk hires, six deliveries, and all of it could be done, easily accomplished, by one. For that reason we have reached a situation in this country where there are 19,000,000 “food dealer population”’—we are taking this

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