The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1955-07-05
Letters To Editor
Supply and Demand
Must Control Price


Cumberland countys lea d.ng
farmers whom I greatly admire
II Is with az due respect that
comment on the letter Or this fine
man
In IFS letter Mr. Garrett said
The theory is simply that farm
ers aRree To limit production so
ahat price depressing SURPRISES
Will not be built up and III return
for agreeing TO control production
they are assured Of q predeter-
mlned minimum price If what
Mr. Garrett Il trying 10 say Is
that be wants price supports al
i Liah level only for the producers
Of those commodities VINO keep
'heir supply IN line with demand
then certainly I can agree with
that However his implications
seem to be that the producers Of
basic commodities have been
keeping their supply in line with
demand Just when does a sur
plus become price depreSsing2 II
, there really is no surplus then
tile G G q. has invested over
aQen billion dollar IN commodi-
ties that do not exist Could ii be
that The u S taxpayer is being
asked - contribute over ! million
dollars every "a hours Just TO pay
the cost Of storing farm commodl
tie. caniured up by Parson Ben
9TH with his Ouiea
I have studied II r II Mr.
Cooley bin very carefully and
have been unable to find where it
says one thing about keeping Sup
ply in line WITH demand as a re-
qnlsite for price supports on any
Of the basic farm commodities I'LL
provides 90 per cent mandatory
price supports for basic commodi-
ties irrespective Of supply
Mr. Garrett further stated The
sliding scale Is unsound and un-
fair Under it the Secretary Of
Agriculture can and Benson Will
reduce price supports to rs per
cent Of parity" The Agricultural
Act Of 1854 provides that so long
as producers are able to keep sup
plies reasonably in line with de-
nand price supports shall be pro-
vided at 80 per cent Of parity
If Mr. Garrett can find where
The bill gives the Secretary Of
Agriculture authority 10 do other
wise I would appreciate him Civ
ing the exact wording Of that por-
tion Of the law
On April Is. 1855 The Senate
Sub Committee on cotton after
an extensive study published a
majority report Of It's finding
( Most Of the members were Demo
Gratis from the deep south Fol
( loving ard some quotations from
this ropor.
/ ar, ,- eo, .no oa.ar
i4''o. ''' .l,..r,1;t.o,, fro,,,
~. $500
- a1,,.a ,l,.;,,,a,.,, oo,eo of lila nres-
,l = - ,-.1.t.o,, !, KIN,
.,'o ~ a,,",,can cot+on rarn,er ftnde
/ ,.tr,..,,f tha ea,,,, ,,oo,.an, Nv
4,,n rr,,i.oa cta+oe
ar-ha ,jrd on nor cort nr,oe
,,,,,,ort ,,rcararo and ~, noljrv
,,.i,,, ros,,oot "a cvnorf sales have
f,,.nfsbed i, ur,brolla ,nd -
,,.htcb FOREIGN nrod,,ctian has ~
,,a5ded hoth IN acreage and in
production pen, acre WIN li'f ~
stifaiice y cot'io cap " our *
port maIkcts az pFolilapie prices
,.1,ho ,,,eo,,nd,,oee of onr noljcv
f,,..,er dao1onetrated hv INV
de-. r,a4 our cotton nrodncore
,,.ara forcad tnro,,oh controlled
ocroa.o Ill 1os1 IL rednce auot /.
,,,-aofs ~ 81 27a .-aoo acree fof
,.t.,a, ID ~ mn ye,o n,ar.ad,
..,,,ta ee,.,.,,.r rIa,ttros ,Yero ;n-
o,oaeod .l.at ea,ne vaar - 90 483 !
o0o For 1923 the Ohitfd states
iPfmel allotment rs ent 70 - I
" 600 acres which Is 4 siash III
73o eco acres from the l92o-2'
AVERAGE planted acreage WINE
FOREIGN producers VIII continue 20
expand substantially above last
f4i.3tsf 4tTgE MI tfeti} continue