Plans for Crop Surplus Control and Farm Mortgage Relief

Archive Report

Legislative Recommendations of the Farm Board

Growing Favor for Allotment Plan of Crop Control

In a special report on legislative recommendations, supplementing its third annual report to Congress, the Federal Farm Board disclosed, December 7,1932, that the $500,000,000 revolving fund with which it started operations in the summer of 1929 had been reduced to a current value of $140,000,000 “when all outstanding loans are appraised on a conservative basis.” As an alternative for the price stabilization provisions of the present law, it proposed that the Agricultural Marketing Act be amended “so as to provide some means of elevating the returns to farmers from the production of exportable farm products, in such a way as (a) to pay the costs, if any, on a continuous and self-sustaining ...

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