develops.-Purpose is to prevent nullification of adjustment program. Producers indicate overwhelming approval of Bankhead bill.-Act approved in April 1934.-Provides for national quota to be divided among cotton-producing States.- County and individual allocations made.-Administration decentralized as much as possible.-State allotment boards appointed.-Production-control associations administer act within counties.-Exemption certificates transferable.-Na- tional pool organized.—Transfer of certificates is form of crop insurance.-Bankhead referendum authorizes continuance of provisions of act.-Bankhead Act quota for 1935 ascertained.
At beginning of 1934-35 season rate remains unchanged.-Tax applies only to cotton domestically consumed.-Effect of tax on consumption.-Effect on processing and distributing mar- gins.-Tax passed on to consumer.-Tax on cotton in large cotton bags abated or refunded.-Commodities in competition with cotton and cotton products taxed.
Program developed in conference with growers.-United States took part in world conference on wheat situation.-Exports assisted.-Acreage of winter wheat reduced.-Benefit payments added to growers' income.
crease in domestic consumption for food not likely.-Domestic price levels may return to world price level.-Wheat-producing capacity as great as ever.-Farmers may choose 1 of 3 courses.
mittees elected.-Production-control associations become key units. Duties of allotment committees.-New control program put into effect.-Corn-hog is largest A.A.A. program. Making individual adjustments consumes time.-First checks to con- tract signers in April 1934.-Final installment due in February 1935.-Degree of noncompliance slight.—Principal classes of violators.
production evidenced. Surplus production prevented.-Pro- ducer gets income in two parts.-Receipts from direct sale as well as benefit payment.-Administrative expenses average about 4 to 5 percent of benefit payment.
are short and high priced.-Post-drought reaction toward drought in past studied.-Regional meetings held to discuss problem.-Referendum indicates contract signers favor another program.-1935 contract simplified.-Restrictions are modi- fied. Benefits to cooperating producers specified.-Unre- stricted use of land not planted to corn permitted. First pay- ment due when contract is accepted.-Contract is based upon outlook for future of corn-hog industry.
1900.-Large increase in central areas of United States.- Total milk production fails to keep pace with sharp increase in number of cows.-Since 1918 more butter made in creameries than on farms.-Inter-regional shifts in production.-Marked increase in production of cheese and evaporated milk.-Favor- able prices of dairy products after close of World War.— Farmers shift to dairying.-Dairy prices remain favorable until 1929-Decline from 1929 to lowest point in March 1933.-Rise to October 1934.-Summary of adjustment meas- ures under Agricultural Adjustment Act.
Modified policy announced early in 1934.-All agreements canceled.--Licenses in accord with new policy issued.-Ap- proximately one-fourth of fluid milk consumed by nonfarm population handled under Federal license.-Milk-license pro- gram intended to raise and maintain income of producers.- Classified price plan in operation.-Producers in markets operating under straight pool receive weighted average price of all milk.-Market pool tends to eliminate violent price fluctuations. In markets operating under base-surplus method producers receive allotments on basis of past deliveries.—In some markets distributors pay blended price.-Enforcement of license raises problem of regulating commerce in milk.— Prices established in licenses are subject to revision.-Pro- ducer-distributor brought into program.-Apportioning market among producers.-Duties of market administrators set forth in licenses.-State authority increasingly important.-Sug- gestion that groups of States act together.
gains made toward eliminating price-depressing surpluses.— Total farm income from 1934 crop one-third larger than that of previous year.-Flexibility of adjustment contracts.— Three classes of payments to growers.
Chiefly for domestic consumption.-Contracts cover 88 per- cent of land used for Burley tobacco during 1931-33.-Pro- duction below consumption in 1934 for first time since 1928.- Growing conditions favorable.—Sales permitted above initial allotments.-Provisions of contract for 1935.-Rates of pro- cessing tax.
Income increased in 1933 and 1934.-Eighty-eight percent of land used for fire-cured tobacco during 1931-33 under con- tract in 1934.-Growing conditions favorable.-Sales per- mitted above initial allotments.
made by reference to marketing allotments to processors.— Contract specified five options.-Any producer who grew beets in 1933 or 1934 eligible to receive adjustment payments.- Benefit provides parity payment.
Schedule of payments determined.—Prices based upon sucrose content.-Grower-processor committees formed.-Sugarcane- adjustment contract approved.—Payment would net producer parity price.-Florida program to be developed.