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042
3-11
He is going to leave the end of this week.
Q What about arms embargo?
THE PRESIDENT: I think that is sufficiently explained.
I am going to ask for it; when, I don't know.
Q I understand that some of the features of this farm
credit bill will be presented to the international
economic conference to make it intermational, putting
this country on the same basis.
THE PRESIDENT: No, I think the only thing on that is this:
There are certain crops like wheat where the world surplus
is comparatively small. It is only from 10 to 15
per cent. Therefore, if the wheat producing nations
can reduce pro rata to that extent, it will help very
much to solve the worl a price of wheat -- raise the
world price of wheat as well as raising our own price
of wheat and, of course, obviously if we can raise
the world wheat price to a proper level, th e need
for continuing with an acreage reducing plan in
this country would not be as great. You would not
have to keep on reducing -- you would just have to
hold the gain you made.
Now, the wheat producing nations besides ourselves --
the surplus producing nations are Canada, Australia,
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"ocrText": "042\n3-11\nHe is going to leave the end of this week.\nQ What about arms embargo?\nTHE PRESIDENT: I think that is sufficiently explained.\nI am going to ask for it; when, I don't know.\nQ I understand that some of the features of this farm\ncredit bill will be presented to the international\neconomic conference to make it intermational, putting\nthis country on the same basis.\nTHE PRESIDENT: No, I think the only thing on that is this:\nThere are certain crops like wheat where the world surplus\nis comparatively small. It is only from 10 to 15\nper cent. Therefore, if the wheat producing nations\ncan reduce pro rata to that extent, it will help very\nmuch to solve the worl a price of wheat -- raise the\nworld price of wheat as well as raising our own price\nof wheat and, of course, obviously if we can raise\nthe world wheat price to a proper level, th e need\nfor continuing with an acreage reducing plan in\nthis country would not be as great. You would not\nhave to keep on reducing -- you would just have to\nhold the gain you made.\nNow, the wheat producing nations besides ourselves --\nthe surplus producing nations are Canada, Australia,"
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