| OCR Text |
Show Result Would Be the Minimum Price Would Become the Maximum Price By GRAY SILVER, American Farm Bureau Federation. I am opposed to price-fixing legislation applying to farm products. Without the incentive or opportunity to trade and with no reason for organising, he result would be that the minimum price would become the maximum price, for there would be no active force to remove it from its starting point. The fanner would lose all individual initiative, all ability and incentive incen-tive to trade or barter, and he would become a vidian of an autocratic system of business and price fixing which would make him, in effect, a ward of the government, whereas by the present method we are seeking to develop a democracy that gives the widest opportunity to sgriculturs to compete. If, in addition to having to meet organized groups who price their own products, were we to provide for governmental stabilization by the method proposed in any of the bills now in congress, the fanner would find himself between the arbitrary price fixed by the groups and the arbitrary price fixed by the government. . Since he is approximately one-third of the total population, he would be in a position of having his customers, the other two-thirds of our population, after pricing their own goods, sit in with him and, with their majority vote, determine the price. |
