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Show DESCRIBES FARM ADJUSTMENT FLAN Agricultural College President Sayt Federal Program Seeks to Coordinate Production with Reduced Exports The Federal farm adjustment program pro-gram is partly guided by the belief that export of agricultural commodities commodi-ties will not soon recover its volume of five or ten years ago, in the opinion of F. D. Farrell, President Kansas Agricultural College, writing in the August Au-gust issue of the American Rankers Association Journal. "Nobody knows whether the farm adjustment program will succeed,", writes Mr. Farrell. "Its sponsors describe de-scribe it frankly as an experiment. It seeks to socialize agriculture at least to the extent that farmers, in what Is believed to be the public interest, will restrain their production activities and that processors, distributors and consumers con-sumers will contribute something toward to-ward paying farmers for exercising this restraint. The adjustment programs pro-grams definitely are based on the fact that prices are determined primarily by supply and demand. They also are based on the assumption that the export ex-port business in agricultural commodities commodi-ties will not soon return to its volume of five or ten years ago. Dependence on Public Support "The plan offers wheat price Insurance' In-surance' for 1933, 1934 and 1935, for the domestically consumed portion of the wheat crop. The insured price is to be sufficiently high to give the do-mastically do-mastically consumed portion of the wheat crop pre-war purchasing power. If the plan is as effective as Its sponsors spon-sors hope it will be, the reduction In supply may Influence wheat prices so that the entire wheat crop will have pre-war purchasing power. "If the adjustment program succeeds, suc-ceeds, its launching probably will mark the end of an era of extreme individualism individual-ism in agriculture in the United States," says Mr. Farrell. "Recent fundamental changes led Secretary Wallace to say, 'What we really have to do is to change the whole psychology of the people of the United States.' This is a large order. It Involves the whole program of farm adjustment as well as the larger national na-tional economic program, of which farm adjustment " is a part. If the people decline to participate in the program to the extent necessary to give the experiment a fair trial, ws shall never know whether farm adjustment ad-justment as now proposed would hav succeeded or not if it had been given a fair trial." |