FARM CRISIS.

Auckland Star, Volume LXIV, Issue 21, 26 January 1933, Page 7

FARM CRISIS.

THREAT IN AMERICA.

First-Class Revolution if Aid Not Afforded.

CONGRESS LOAN PLANS. (United P.A.—Electric Telegraph—Copyright) (Received 12.30 p.m.) WASHINGTON, January 25. A warning of revolution in the farm belt unless Congress enacts aid for agriculture, was served on the Senate Committee to-day as the hearings opened on the domestic allotment price-boosting measure. "Unless something is done for the American farmer we will have a revolution in the countryside in less than 12 months," said Edward O'Neal, president of the American Farm Bureau Federa-

"The biggest and finest crop of revolutions you ever saw is sprouting up all over this country right now," said John Simpson, president of the Farmers' Union.

Congress has finally approved the bill to provide 90,000,000 dollars ( £18,000,000 at par) to be lent to farmers for use in producing 1933 crops.

Under the bill the crop production loan legislation passed last year is extended to cover 1933. The money is to bo taken from the Reconstruction Corporation's funds and will be distributed through the Secretary of Agriculture in return for a first lien on crops.

The measure provides that the Secretary may—but is not compelled to — require a borrower to cut his production 30 per cent.