The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-03-09
Proposed Farm Relief

Organized agriculture has agreed upon some of
the fundamental features Of farm relief bill.
Just how to evade price fixing guaranty by the
and other features objected to by Presi
dent Coolidge and Secretary Jardine is the mar
obstacle Administration spokesman have made i.
clear that President Coolidge is opposed to direct
subsidy, price fixing or putting the government into
the business of buying selling agricultural prod
uts for the purpose Of maintaining price levels.
Some points Of agreement for farm relief as far
rs the various agricultural organizations are con-
cprncd are:
First: Corn belt committees want a surplus
troll and price sterilization bill.
Second: That the federal government advance
$3.50, 900, 900 or as much more is needed for 4
revolving fund to operate the raising machin-
cry the government to be reimbursed from funds
contributed by the producers.
Third: Appointment by the President of farm
board which shall cause the price of farm product
to be bid up to level agreed upon as reasonable
home market price, any loss from such an opera
-ston to be met by fees assessed on the producers
Fourth AS far livestock prices are concerned
Congress may be asked to make packing concerns
public utilities so that the charges for the services
they perform can be regulated much in the same
manner as are railroad rates by the Interstate
Commerce Commission.
Most of these points have been incorporated in y
Council of Agriculture, the American Farm Bureau
federation and several other farm organizations
The authors of the bill have this to say reative
t, the the revolving fund proposal:
"In anticipation of the several FUNDS
to be raised by charge upon the COM
modities as herein proposed, the hoard
should be provided with revolving fund
sufficient in amount adequately to finance
In If tha advance
ment for this purpose to be repaid to the
United States from the respective COM
modify funds to which the same shall nave
been distributed. We estimate that when
the beard begins to function it Will re-
quire a fund oaapproximately $2500O0,000
to be advanced as required, but we realize
that much greater amount may be needed
before receipts from the commodity charge
and other sources become sufficient for
operating requirements
1.-The board should be given broad powers
in borrowing funds. without government
liability
I'm carrying out it's functions, the board
should be assured the cooperation OF exist
ing government agencies
Arthur Sears Hennng. writing in the Chicago
Tribune, gives this example OF the way the prlc
raising plan would operate:
"Here is the way the price raising plan
would operate in the of wheat With
the world price of wheat at say $3.50
80 bushel the farm board would decide that
.ss. the farmers should be getting $l92, which
$500 would be the world price plus the tariff.
Sss Designated agencies would be authorized
10 bid up the wheat price on the exchanges
to not more than 1892 Any surplus
quired in this bidding would be stored or
sold abroad.
1.-THE loss on the expert sales would be
az cents a bushel, which would be met by
the proceeds of cqualizng fees Of say,
cents a bushel on the entire crop, entering
into trade channels The farmer who paid
fee of cents and got an increased price
of AZ cents his wheat would be the
gamer to the extent of "a cents bushel."