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409
66 - 6
might be called a two-headed program which calls for a
reduction in the number of hogs that will be fed next
year, a processing tax which will pay for the reduction
in hogs and, at the same time, purchase by the Govern-
ment of just as many hogs as we can possibly use for
relief purposes in order to cut down the tremendous sur-
plus that exists in hogs at the present time.
Now, of course, there is always the other added dif-
ficulty in the case of hogs. Hogs are perishable. Wheat
and cotton are not. Hogs have to be taken care of within
a certain definite number of months. Wheat and cotton
you can carry from year to year. What we hope is that
we will be able to get the price of hogs up in the course
of the winter, but that is not a guarantee that we can
do it at once.
There, again, there hasn't been an adequate return
and therefore a resumption of purchasing power in the
corn-hog section of the country. It is not so good.
Then you come to another major crop, which is dairy-
ing. The actual price today in the dairy end of things
is much nearer parity than it is in the case of corn or
hogs or wheat. In the case of corn and hogs it is less
than half of parity; in the case of dairying it is only
down to about 25% below parity. They have had some
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"ocrText": "409\n66 - 6\nmight be called a two-headed program which calls for a\nreduction in the number of hogs that will be fed next\nyear, a processing tax which will pay for the reduction\nin hogs and, at the same time, purchase by the Govern-\nment of just as many hogs as we can possibly use for\nrelief purposes in order to cut down the tremendous sur-\nplus that exists in hogs at the present time.\nNow, of course, there is always the other added dif-\nficulty in the case of hogs. Hogs are perishable. Wheat\nand cotton are not. Hogs have to be taken care of within\na certain definite number of months. Wheat and cotton\nyou can carry from year to year. What we hope is that\nwe will be able to get the price of hogs up in the course\nof the winter, but that is not a guarantee that we can\ndo it at once.\nThere, again, there hasn't been an adequate return\nand therefore a resumption of purchasing power in the\ncorn-hog section of the country. It is not so good.\nThen you come to another major crop, which is dairy-\ning. The actual price today in the dairy end of things\nis much nearer parity than it is in the case of corn or\nhogs or wheat. In the case of corn and hogs it is less\nthan half of parity; in the case of dairying it is only\ndown to about 25% below parity. They have had some"
}