450 . 
AGRICULTURAL RELIEF 
Mr. Fort. Do you find anything in the Haugen bill that contem- 
plates that use of it? 
Mr. Kircore. I think the use of the surplus there in holding down 
the price; that is, putting it back on the market at a price so as to 
keep it within reasonable levels, would operate around the same way, 
perhaps exactly the same way, under the two bills, the loan bill and 
the McNary-Haugen bill, with this exception: That you would have 
the ownership of the surplus in the hands of the grower under the 
MecNary-Haugen plan, and therefore it would be a greater deterrent 
on production than you would under the loan bill, where there was 
no such ownership. 
Mr. Fort. Do you feel, Doctor, however, even though he knows 
the surplus has been held for him at a hundred cents on the dollar— 
that price less an equilization fee; do you think he will feel—the 
average farmer out in your country, back in the hills of Mississippi, 
Arkansas, or South Carolina is going to feel that he owns three bales 
of the surplus? 
Mr. KiLcore. I think so, sir. 
Mr. Fort. You do? | 
Mr. Kincore. I think the farmer is the only man who has an 
interest—— 
Mr. Fort. I did not say that. Do you think he is going to feel he 
owns it after he delivers it? 
5 My Krmncore. I think with proper information that will go out, 
e will. 
Mr. Fort. I have some faith in a lot of farmers, but I have ny 
doubts as to their knowing that, after they have sold. 
Mr. KiLcorg. I think they will know it; that the cooperatives, 
subsidiaries, or stabilization corporations handling the surplus are 
going to let the growers know they own it and that if they produce 
another big crop they will have the loss on the present crop, and 
the surplus both. 
Mr. Kercram. If I got your statement correctly, you said this, 
that you thought that the surplus that we carry over from one year 
to the next might be used possibly to keep the price down in the 
succeeding year. That was what you stated, was it not? 
Mr. KiLGcoRE. Yes. 
Mr. Kercaam. I am wondering if you have ever thought this 
thing through: With the tremendous share of our population on the 
other side, interested in a low price rather than a high price, have 
you ever thought of the danger of this being a sort of a sword that 
would cut the other way, and that it might be used by the people 
on the other side who are interested from the consumers’ standpoint 
on stabilizing the price at a lower level than stabilizing the price at 
a higher level? 
Mr. KiLeore. I take it this board is going to operate fairly toward 
the consumer, and yet it is going to operate reasonably in the interest 
of the producers, and that that will be used to stabilize the price as 
high up as necessary to give the producer a satisfactory return. a 
fair price. 
Mr. Kercaam. Do you not see this danger: For instance, if you 
20 out to the farmers and say, “Now, gentlemen, we are asking you 
by make this sonirihgon for the purpose of stabilizing this price.” 
the sural pose, > ter those men have made their contributions, that 
plus would be carried over and all these penalties imposed for