Salt Lake Telegram | 1934-12-06 | Page 4 | Interesting Farm Arithmetic

Interesting Interesting- Farm Arithmetic F All r prices slowly are on the tile way up Consumers Con Con- sumers rs may have suspected as much h. h Latest st figures froni from Washington say sar farm income in- in conic come for 1934 1984 will be around This will b be 19 per cent above the 1933 1033 total and a gain l of 3 39 per cent over n r 1932 figures The Thi A it A A A. reports that farmers participating in the crop adjustment programs haVe received to date more than in cash b benefits None of this has hag come out of the tr treasury although it hia ha has disbursed the thc payments The money proceeded from front processing process process- ing ilig taxes collected ted to the amount of ultimately p paid id by hy the th consumer r as asic ashe aslie lie he ic well knows n These payments through the A A A seem to be work working out a as planned to bl bring ing about pt prices cs for farm prod products Thc They arc aref based upon a synthetic sj scarcity and the thc he A A- AA A A program must ultimately ly stand or orall fall all on its success in increasing asing the farmers' farmers incomes indirectly by raising the prices of the things he lie sells rather than by direct ct paYments pay paY- ments growing out of crop curtailments As Asit Ast it t stands now it rests upon the thc false premise of overproduction Thc best statistical evidence evi dence is that tile tHc eo country is still a victim of index consumption tied into diminished pur- pur chasing power So the whole thing is still a riddle in spite of f the apparent improvement for the farmer If f the ethe city man has paid in processing proc proc- essing tax taxes s to the thc farmer r he lie will have to get it back baek by charging the thO f farmer r that much mor more for m made city de goods and amid services which leaves leae eaves both ri right ht wh fe they hey start started d. d The only individuals with a net gain would seem t to be bc behe bethe th he the folks who got ot government jobs handling the be collection of the processing taxes It II i is all interesting arithmetic but the an- an s l look k dumb That perhaps is what some people cople mean when they speak of economic ignorance We Ve wont won't care what the they call can it if they Iley will sill only work it out so everybody dy will willave li have ave ve enough h in the pay envelope to keep him him- elf seli from irom being hungry in a country where there here is so much food that the farmers hav have t to o be paid for what they agree not to grow It t might t b be ba a good idea for Einstein to lay side aside si c hi his parallel lines for a while and work workout workout out ut a f final fox for A A A. A It I is m against Christ in Geneva The The Rev tir Dr r. r Frederick H. H o of New York referring to League eague of ot Nations Natio 3 assembly ss