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 685 been in operation the cattleman would have received the Argentine price plus the tariff of 114 cents plus the cost of transportation to the port of entry, say 4 cents, or a total of 11.1 cents, instead of the average Chicago price of approxi- mately 10 cents, a gain of 1.1 cents less the equalization fee CATTLE. 1926 The average Buenos Aires price for steers: Choice in the ve 26 w or 5.16 cents per pound, and if the bill had been in nd i bi a would have received the Argentine price plus the tariff of 2 cents, plus the cost of transportation to the port of entry, say, 4 cents, or a total of 11.16 cents instead of the average Chicago price of approximately 9.46 cents less the equal ization fee. BUTTER FROM DEPARTMENT OF AGRICULTURE, YEAR ENDED JUNE 30 POUNDS 1924 --- 1925. . ..-. ww 1926. ooo cememmmmmmocececmcememanna 1927 meee. Production 2, 000, 000, 000 2, 000, 000, 000 2, 066, 766, 000 ‘Nn Exports ! 5, 425, 000 8, 354, 000 5, 180, 000 5 046. 000 Imports ! 29, 466, 000 7, 189, 000 6, 440, 000 10. 710. 000 Net imports 24, 041, 000 1,160, 000 ¥ 664 000 Net pxports “7317195. 000 PRICES [ow 192, 1926. 1997 New Tork V 40g London ‘Danish ($0. 417) (- 448) L394 . 392 Copen- hagen $0. 397 . 425 . 365 .3aF Tariff 0. 08 08 12 Freight 50. 0) .01 .01 Minus qualiza- tion fee 30. 000037 "00016 Net profit per pound Total profit $0. 061 $122, 000, 000 . 061963 | 123, 925,910 .052 6. 952. 072 l! Not available. If the bill had been in operation in 1924, the butter producer would have received the Copenhagen price of $0.397 plus the tariff of 8 cents and transporta- tion charges of approximately 1 cent, or a total of $0.487, instead of the New York price of $0.426, a gain of $0.061 per pound, or a total profit of $122,000,000. Imports were in excess of exports for the year 1924, hence no equalization fee. All that would have been necessary to insure the advance would have been to regulate the importations as provided in the bill. If the bill had been in operation in 1925, the butter producer would have received the Copenhagen price of $0.425 plus the tariff of 8 cents and transporta- tion of 1 cent, or a total of $0.515, instead of the New York price of $0.453, a gain of $0.062 minus the equalization fee on 1,195,000 pounds to be distributed over the total production of 2,000,000,000 pounds, which would be less than four- thousandths of 1 cent per pound. That is, the producer would have received a profit of $0.062 a pound on 2,000,000,000 pounds, or $124,000,000, less £0.062 on the 1,195,000 pounds exported—$74,090—or a net profit of $123,925,910. If the bill had been in operation in March, 1926, the butter producer would have received the Copenhagen price of $0.365 plus the tariff of 12 cents and transportation charges of approximately 1 cent, or a total of $0.495, instead of the New York price of $0.443, a gain of 5.2 cents per pound minus the equaliza- tion fee on 298,317 pounds to be distributed over the total production of 133,992,- 000, which would be approximately $0.0001 a pound. That is, the producer would have received a profit of $£0.052 a pound on 133,992,000 pounds, or $6,367,584, minus $0.052 on the 298.317 pounds exported—%R15.512—or a net profit of $12.022.432.

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