AMERICAN FARMERS

Hawera Star, Volume XLVIII, 3 April 1929, Page 5

AMERICAN FARMERS

DISCUSSION OF PROBLEMS. | CONTROL OF WHEAT PRICES. A PLAN PROPOSED. (United Cress Association—Uy Klcctric IVlegrapli Copyright.) (Australian Cresss Association.) Received 10.5 a.m. to-day. WASHINGTON, April 2. Professor J. W. Brinton, of the Uni versity of Nebraska, has offered the. Senate Agriculture Committee a plan for the control of world’s wheat price under the pending McNnry co-operative marketing bill. . Professor Brinton urged that Amencan co-operative organisations should be empowered to form an alliance with the Canadian wheat pools and that together controlling sixty per cent, of the world’s production, they could stabilise the world wheat price. An economist asserted that the proposed three hundred million dollars revolving fund to finance co-operative organisations could be strengthened by empowering them to borrow m-oney from the intermediate credit bank-s which have six hundred and sixty millions available for that purpose, and by commercial loans at the usual eight per cent, rate of interest. At the same time Doctor J. L. Coulter, president of the North Dakota State Agricultural College, told the j House Committee that the problem casusing distress among American farmers was not a domestic surplus, but a foreign surplus.