AMERICAN FARMING
PEODUGERS' HARDSHIPS FABB(E BOAip' PEOPOSAL (Elec. Tel. Copyright—United Pre»» As«n.) i '-* «—NEW YOBK, Fob: 7. It is estimated that during the last six months "the potential o£ the farm6r"has been reduced "by approximately £79,000,000, as the result of the slnmto of wheat."' The proposed entry of the Farm Board in the weakened national and international" markets is said .to bo an unprecedented "action by the Federal Government toward 1 the* attempted control of raw foodstuffs for the benefit oj» producers. Any losses that' might occuf in the' process would be repaid from the revolving fund'of £100,000,000 l appropriated m Congress last 'June, and equalised from the profits of the board during more favorable'seasons. • - t Thfe chairman, Mr. Ligge, described the process as what "might be termed an extraordinary or emergency operation, 'whereby because of a large surplus of any commodity there would be brought and taken off the market a considerable part of the tonnage in order to relieve the pressure, and tarrying the product' ovei? until some future date, in the hopeHnat .there would bo a more favorable opportunity of disposing of it." -' - '
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17180, 10 February 1930, Page 2
Word Count
186AMERICAN FARMING Poverty Bay Herald, Volume LV, Issue 17180, 10 February 1930, Page 2
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