Full text: Agricultural marketing revolving fund

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AGRICULTURAL MARKETING REVOLVING FUND 
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Mr. Ackerman. Do you contemplate that in the next:threer months 
"i= loan will be repaid? Lo eo 
*. Lecee. Not as quickly as that. Lon 
rr. ACKERMAN. In six months? Am 
Mr. Lrece. No. There is $4,000,000 in that, and thats a Tong- 
term loan on their facilities. The money is coming in, and they 
will cut it down very substantially. 
Turespay, Decemser 16, 1930. 
FAILURE TO ORGANIZE COOPERATIVE ASSOCIATIONS OF TOBACCO GROWERS 
IN KENTUCKY 
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The Cramyax. Mr. Byrns desires to ask some questions. 
Mr. Byr~s. You have not been able to do anything for the. tobacco 
growers down in Kentucky and Tennessee—and I am now referring 
to the dark tobacco region rather than to the Burley region; I do 
i whether you have done anything in the Burley region or 
not 
Mr. Stone. Yes; we have done something in the Burley section. 
Mr. Byr~s. I understand that the reason you have not heen able 
to render any aid to the tobacco growers there is because of their 
failure or inability to organize cooperative associations. 
Mr. Stone. We have three or four groups down there, Mr. Byrns, 
that are divided as to what they want. One group wants one ‘plan 
and another group wants another plan. The thing I have been 
trying to do 1s to get them to join together on some central plan. 
but so far they have been unable to do that. 
Mr. Byrns. Mr. Stone, there is an idea on the part of some of the 
citizens down there, I will not say how many, but at least some of 
them have expressed the idea that possibly the Federal Farm Board 
should interest itself to the extent of really telling those growers 
what they should do, or, rather, dictating the contract. or something 
of that sort. Do you ever do that? 
Mr. Stoxe. We have done that with that group, Mr. Byrns: we 
prepared a contract and sent it down there to then. 
Mr. Byrns. What was the result? 
Mr. StoxE. Just as I told you; there was a divided opinion about it. 
Mr. Byrns. So they never have even accented the contract which 
vou have drawn? 
Mr. StoxE. That is correct. Mr. Collins, who is in charge of the 
tobacco section of the Division of Cooperative Marketing, was sent 
down there, as well as several other people, with the idea of trying 
to get those men in the various groups together under a contract 
that would meet the situation as it is. In the Burley section we did 
prepare a contract which has been adopted. That section is prepared 
now to take care of the growers in he event that the price 1s not 
gi I think that possibility has had a tendency to increase 
the price. 
Mr. Byr~s. My understanding of the attitude of the Farm Board— 
and I have talked to you particularly, and possibly vou are the
	        
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