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:: 1831935406

URN:: urn:nbn:de:zbw-retromon-232218

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 9

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 Fred H. Sexauer, Executive Secretary Dairymen's League Cooperative Association (inc.) New York City

Collection:: Economics Books

70 AGRICULTURAL RELIEF House or REPRESENTATIVES, COMMITTEE ON AGRICULTURE, Saturday, February 25, 1928. The committee met, pursuant to adjournment, at 10 o’clock, a. m., Hon. Gilbert N. Haugen (chairman) presiding. Present: Representatives Haugen (chairman), Purnell, Williams, Thompson, Ketcham, Hall, Fort, Menges, Andresen, Adkins, Clarke, Aswell, Kincheloe, Jones, Swank, Fulmer, Rubey, and McSweeney. The CHAIRMAN. Mr. Sexauer, we will hear you. STATEMENT OF FRED H. SEXAUER—CONCLUDED Mr. ANDRESEN. Mr. Sexauer, I wanted to ask you a question or two. I represent a dairy industry, and I wanted to see if you have the same understanding that I have on the situation of the surpluses. A great many dairy farms in my district were opposed to the McNary- Haugen bill on the theory that it would raise the prices of feed prod- ucts and other agricultural commodities of which they were the consumers and not the producers. But they have changed their opinion to a great extent on the sur- plus proposition, fearing that unless something was done to help out the grain and corn farmer and the cotton farmer, that dairying would be extended to such an extent that we would soon have the same situation in the dairy industry as we now have in grain, cotton, and corn. We are selfish enough to want to look out for the future of our own industry. You stated yesterday that probably in a year or two we would reach the point where we would be producing a surplus of dairy products. Now, my support of the bill and I take it your contention on this McNary-Haugen bill is this, that we want to try and prevent the same situation in the dairy industry as we now have in the other surplus agricultural products? Mr. SExauver. That is right. Mr. ANDRESEN. So that we will have to be frank to admit that even though we would have to pay a greater price for the feed we aave to buy on the dairy farms and the other agricultural commodi- ties that we are selfish enough enough to be looking out for our own Future in order to protect ourselves. = Mr. SExaukr. That is right. Mr. ANDRESEN. And that any direct benefits to grain, corn, and cotton farmers to-day is going to be an indirect benefit to us, even though we have to pay more for those commodities. Mr. SExAUER. That is right; yes. Mr. CLARKE. Is there not an economic law after all that, in the long run, rules in the country—that is, if there is any one commodity n- whieh: there is more money for a little time that there-is a tem- porary: stimulus. that goes along with the production of that com- modity and people rush in and after awhile a surplus occurs, prices go down, and they turn again to some other thing? So that after all 1t is an economic balance that is going on with agriculture? Mr. SExAUER. That is true. Mr. CrLarke. Has not that been true since the organization of the Government? | Mr. SExAUER. That is correct, Mr. Clarke, that so long as the economic balance presumes to bring about a condition where agoTi-

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