US Presidency
1926

There is belief also that the Federal Government can further contribute to these ends beyond the many helpful measures taken during the last five years through the different acts of Congress for advancing the interests of the farmers. The packers and stockyards act, Establishing of the intermediate credit banks for agricultural purposes, The Purnell Act for agricultural research, The Capper-Volstead Cooperative Marketing Act, The cooperative marketing act of 1926, Amendments to the warehousing act, The enlargement of the activities of the Department of Agriculture, Enlargement of the scope of loans by the Farm Loan Board, The tariff on agricultural products, The large Federal expenditure in improvement of waterways and highways, The reduction of Federal taxes, in all comprise a great series of governmental actions in the advancement of the special interest of agriculture. In determination of what further measures may be undertaken it seems to me there are certain pitfalls which must be avoided and our test in avoiding them should be to avoid disaster to the farmer himself.