Word: aaas
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...Clark, Oklahoma's Elmer Thomas-marched on Washington to demand that the Government's present 8.3% cotton loans be upped to the 11.75? maximum (75% of parity) possible under the Act. There they were told that the President was too busy, advised to take their grievances to AAA. Cotton Ed snorted: "These farmers are mad. Why shouldn't they be? ... I have served here under five Presidents preceding this one. I never was refused an audience and I never was asked what my business was before this." "Do you want to be quoted on that?" cautioned...
...Hell, yes, I do. Why not?" Surest Way. To Secretary of Agriculture Wallace AAA has recently come to stand for ache, agony and anguish. In defense of AAA he has argued that present low prices are due more to bumper weather (even the Dust Bowl bloomed this year) than to any serious defect in the Act. But in spite of the most far reaching crop control laws ever enacted, all three major U. S. crops are in trouble. Wheat, with a near-record crop of 940,000,000 bushels and a whopping 300.000,000 bushel carryover in prospect for next...
...Wallace last week set out to talk to wheat farmers at Hutchinson, Kans. and-cotton growers in Fort Worth, and promised to talk next week to corn farmers at Springfield, Ill. "Fight for the program that you have," he urged, then revealed what he thought should be done to AAA II to make it work...
...AAA II is supposed to induce farmers to limit crops in return for benefits-soil conservation payments, crop loans, crop insurance, Government purchase of surpluses. If these inducements do not work the Act provides for compulsory controls-marketing quotas (such as are now in force for cotton and tobacco) invoked after two-thirds of the growers approve in a referendum. If crop prices continue falling however, Mr. Wallace declared himself opposed to outright price fixing on the basis of production cost, which "would soak the consumer, sink the farmer, and mean uncontrolled production...
...farmers to get their fair share of the national income," said he, is for the Government to give the farmer the difference between his market price and what his crop would have brought in some Golden Age like that of 1909-13. Such payments are authorized in principle by AAA II whenever appropriations are made for them. Mr. Wallace boldly suggested that the best way to finance the payments would be to revive processing taxes, which the Supreme Court found illegal. "Why not use this kind of a tax once more?" he demanded. "We know it will work because...