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 hon. G. N. Haugen

Collection:: Economics Books

AGRICULTURAL RELIEF Corn Production. Exports, 1924 Exports, 192 Exports, 1926 _. _____ ______ Exports, Julv to November, 17 ACES Jt cory 583 Bushels 3. 000, 000, 000 23, 000, 000 5, 000, 000 9, 819, 000 3.179. 000 [Chicago prices by Department of Labor, and Buenos Aires prices by Department of Agriculture] \ onr Chicago price Buenos Aires price Export tax Tar: f Ocean freight Total Kquali- tation fea Net Jrofit per bushel Total profit 1924 _ 1525 _ 026_ __ 927 _ *N, 972 038 75€ 1} < 101 2114 Rt SAL 0). 001 0003 C17 *0. 129 L1742 . 1818 (3) 3387, 000, 000 522, 827, 500 430, 861, 000 (2) voy 1 January-November, 3 Not vet available ap If the bill had been in force in 1924 the corn grower would have reccived the Argentine price of 33 cents, plus the tariff of 15 cents, plus the export tax, which was 1.54 cents in February, 1926, 1.03 cents in March, and 0.46 cent in April, or say 1 cent, and the ocean freight to Baltimore or New York, say 1114 cents, the rate March last, or a total of $1.10}4, instead of the Chicago price of 97.2 eents, a gain of approximately 13 cents per bushel, minus the equalization fee to cover the discount of 13 cents on 23,000,000 bushels to be distributed over a total production of 3,000,000,000, assuming that the total production had been marketed. If so, an equalization fee of $0.001 per bushel. a net gain of $0.129 per bushel, or a total profit of $387,000,000. If the bill had been in force in 1925 the corn grower would have received the Argentine price of 94 cents, plus the tariff of 15 cents, plus the export tax of 1 cent, and the oecan freight of 1114 cents, or a total of $1.211{, instead of the Chicago price of $1.038 (see ratio table furnished by Department of Labor), a gain of 17.45 cents per bushel, minus the equalization fee of 17.45 cents on 5,000,000 bushels to be distributed over a total production of 3,000,000,000, assuming that the total production had been marketed, or an equalization fee of $0.0003 per bushel, a net gain of $0.1742, a total profit of $522,627,500. If the bill had been in force in 1926 the corn grower would have received the Buenos Aires price of 67 cents, plus the tariff of 15 cents, plus the export tax of 1 cent, and the ocean freight of 1114 cents, or a total of $0.9414, instead of the average Chicago price of 75.9 cents, a gain of 18.35 cents per bushel, minus the equalization fee to cover the discount of 18.35 cents on 24,783,000 bushels, to be distributed over a total production of 2,645,000,000 bushels, assuming that the total production had been marketed, or an equalization fee of $0.0017 per bushel, a net gain of $0.1818, or a total profit of $480,861,000. } Inasmuch as the exports of corn for the year 1927 are not yet available, the full data as to the equalization fee and total profit can not be worked out at the present time. Beef slaughtered 1927 1926 1925 1924 Pred Ey—-- [mport: Net ex. i, 358, 000, 00C 38, 000, 000 41. 000, 000 » 146, 000, 000 39, 000, 000 17, 000, 000 22 000. 000 1, 065, 000, 000 40, 000, 000 21, 000, 000 19. 000. 000 Wont avail.

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