The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-05-18
The New Farm Bill
Chicago Tribune }

Representative Tincher of Kansas has introduced
a farm relief bill which he hopes will be reported
favorably in few days by the house committee
on agriculture, Of which he is member The bill
he says, meets all the objections which the admin
stration has made to previous bills intended to
increase the farmers incomes.
Under the bill the treasury would lend 500 OO0,-
600 to federal marketing commission. With this
as a cash reserve, the commission would be author
lied to borrow $l,O00OOO,OOO to finance marketing
operations vast scale, conducting its business
through the various farmers cooperative associa-
tons. The cooperatives would attempt to prevent
overprcduction. They could also market their crops
in an orderly fashion, Mr.. Tincher believes because
of the financial strength which the billion dollar
credit would give them. At present farmers are
often obliged to dump their grain on the market as
soon as it is threshed because they have debts to
pay and need cash. Under the Tncher bill the bur-
den of holding the crop for better prices would fall
upon the cOoperatives, which could pay off the
farmers at with money advanced by the federal
commission.
The bill provides that money borrowed by the war;
ious cooperatives should be repaid with interest
within twenty years at most. If, for example, the
wheat cooperative loses money this year its OPP
erations because Of overproduction, the price in
subsequent years. when the supply is smaller is to
be fixed high enough to repay the loan.
The federal farm marketing commission is to be
made up of the secretary Of agriculture and six
experts, who will represent producers of livestock,
grain dairy and poultry products, cotton, tobacco.
and fruit and vegetables, respectively The experts
are to be nominated by the president from a list
of eighteen submitted to him by an advisory coun-
Gil. The council, in turn consists Of thrty-six men,
bers, three to be elected from each Of the twelve
federal land bank districts
The Tincher proposal will meet with opposition at
once because it is new. Most people recoil instnc-
lively from novelty. 1t will take great deal Of
earnest missionary work the part Of the farmers
representatives in congress to induce majority Of
congressman to approve the bill before the adjourn
ment of the present session. The bill will be OPP
posed, well, by those who fight any measure to
improve the lot of the farmers. With this attitude
we have no sympathy. When plasterers can demand
$14 day and prepare to make their demand ef-
fective, cannot see why farmers must be obliged
to labor longer hours for third much and be de-
MED any relief whatsoever
Undoubtedly there are flaws in the Tincher bill.
These holes must be plugged up. Manufacturers,
bankers, and other business men, particularly Of the
middle west if they are Wise, will give their advice
and their help to the farmers in revising the BILL
The prosperity of this section. it cannot be too
often repeated is dependent upon farm prosperity.
Y. The farm problem Is the most serious economic
question now confronting the country. II there IS
reason to believe that 900 will solve it. the
price i = :nlall one to risk in the experiment.