632 
AGRICULTURAL RELIEF 
time. - I do not see that the passing of the debenture plan would 
prevent the passage of the McNary-Haugen bill. I think you could 
pass the McNary-Haugen bill with the equalization fee or without it, 
and also pass the debenture plan, if you wished. 
I like the debenture plan; I think the debenture plan would help 
the American farmer. I believe it would cause him to get more for 
his products. = I do believe that the debenture plan falls down on one 
proposition. I do not believe the debenture plan solves sufficiently 
the question of overproduction, and I think that is the greatest 
problem of all.. The one problem which must be solved eventually 
is the control of production and marketing in behalf of the farmer. 
Mr. KiNcHELOE. Do you think the McNarv-Haugen bill would 
do it with the equalization fee eliminated? That is the question 
which has been bothering my mind a long time. 
Mr. Lankrorp. Of course, it would enable the board to take cotton 
off the market, as has been explained here. I have never been very 
strong for the McNary-Haugen bill. © I voted for it, however, as the 
best bill in sight. 
Mr. KincHELOE. I mean overproduction. You take the Curtis- 
Crisp bill and these other bills—and I am not saying that in a criticiz- 
ing way. I know it is as fundamentally sound as anything in the 
world that whenever you increase the price of agricultural products 
in this country—that is, if the seasons are favorable—you are going 
to increase production. 
Mr. Lankrorp. You are going to increase production. 
Mr. KincHELOE. Absolutely. 
Mr. Lankrorp. And you wreck the very machinery by which you 
propose helping the American farmer. So the greatest problem is 
the control of overproduction or the problem of marketing what has 
been produced. It would be all right for the American farmer to 
produce an abundance if he was able to keep it off the market. 
If he is able to look the world in the face and say, “It does not make 
any difference what I produce, I am not offering it for sale at all, 
and you can not get it.” | 
Mr. PurNELL. What, in substance, is your plan? 
Mr. Lankrorp. I intend to get to that. 
Mr. PurNELL. I want you to present a skeleton at least of your 
plan you have in mind. 
Mr. Lankrorp. I would be very glad to do that, as fully as possible 
before time of adjournment this morning. 
Mr. PurneLL. I think you had better go right to it. 
Mr. Lankrorp. The bill I introduced is H. R. 77, patterned along 
the line of the war finance corporation act. I used the war finance 
corporation act as a basis for my bill. I used the first six or seven 
sections of that act, simply changing the name of the agency to the 
farmers finance corporation. 
Mr. PurnNELL. How much of an appropriation would be involved 
in your bill? 
Mr. Laxkrorp. I think I mentioned $500,000,000. That would 
be ‘a matter for the committee to figure out, provided my plan is 
worthy of acceptance. That is a mere matter of detail. I provide 
in section 8—if I may have the attention of the gentleman from New 
Jersey, Mr. Fort and others—— 
Mr. Fort. I was just asking what had been going on before I 
arrived, Mr. Lankford?