| Show I 1 roil 11 01 io 10 im the current depression has cans caus ed greater shrinkage in demand for tarm farm commodities in farm ity prices and a giester gi eater shrinkage in incomes than has hag any similar decline in the past 70 years farm era ers have had to take terrific price cuts to move their goods agriculture has also lost heavily in its capital account 24 per cent in III the last two years the mortgage debt in 1920 was 7 billion nine hundred million in 1932 nine and a halt half billion dollars in 1931 the interest on tarm farm debts absorbed 8 per cent of tarm farm income foreclosures are all too preva ent lent they are blighting the hopes of 0 men mho ho can get as much out of 0 he the land as any one could keeping efficient farmers on their own prop erty and in their own homes is to interest of both debtors and creidt tors it is also to the interest 0 of the nation taxes for the country as a whole have been in the last two years about per cent higher than they were in 1914 it takes more than tour four times as many units of tarm farm produce to pay the tarm farm tax bill pow now as it d 44 4 in 1914 the conference recommended that new irrigation and drainage projects be postponed postpone ld it emphasized the need of tax reform one of the principal problems be fore the scientific research workers in the department of agriculture 13 1 to develop a disease resisting spec ies les of plant to combat the pests at af flicking agriculture |
