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Show AGRICULTURAL BILLS j PASSED BY CONGRESS Co-operative Marketing Legalized Legal-ized and Intermediate Credit Is Granted Farmer. Legalization of co-operative marketing, mar-keting, granting of intermediate credit and raising of the farm loan limit from $10,000 to ?'2o,000 were the three great agricultural legislative triumphs of the Sixty-seventh congress. These were the three farm bureau bills. The farm bills actively supported before the Sixty-seventh congress and which are now laws briefly summarize as follows: Provided Intermediate farm credit, affording the farmer a new channel for credit running from six months to three years coirmensurate with his production and marketing methods. Increased the amount individuals may borrow on farm mortgages through the co-operative federal farm loan banks from $1 0,000 to $25,000. Placed the meat packing industry under federal supervision, making It possible to ascertain the status of the meat packing and stockyards activities. activi-ties. Placed a tax on trading In grain futures, supervised the grain exchanges ex-changes and legalized membership of co-operatives in grain exchanges. Legalized co-operative marketing, making It possible for farmers' cooperative co-operative organizations to do business, thus relieving the constant shadow of the court which menaced all cooperative co-operative marketing activities. Furnished a farm-to-market hlgh-wny hlgh-wny program and appropriated funds to be used during the net three years. Increased the working capital of the federal farm loan system, making It possible to float bond Issues more easily. Provided that the Interest rate on farm loan bonds would lie Increased to 5 per cent emergency act. Revised the tax schedule, reduced the surtax. Limited Immigration to 3 per cent of the foreltm-bom recorded In the 1010 census and barring hundreds of thousands of undesirable aliens. Prohibited the manufacture and sale of filled milk, thus protecting the dairy Industry to the extent of many millions of dollars annually. Created an 80 per cent fat standard for butter. Appropriated money for extension of credit to farmers In the Northwest who have had Top failures, and defining defin-ing crop failures. Strengthened the warehouse act by making It apply to all agricultural products, making warehouse receipts more useful to banking channels. Placed representative of agriculture along with Industry, commerce and finance on the federal reserve board. lie-created the War Finance corporation corpo-ration and extended its usefulness In advancing credits on agricultural products. Appropriated funds foi the Department Depart-ment of Agriculture. Knacted an emergency tnrllT fol- lowed hy tho permanent tariff. |