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Show ling charges, and so on, the Secretary Secre-tary may bring about better prices to farmers. REVENUE Funds to. pay rental and benefit payments would come initially from the Federal treasury. Subsequently, they would be derived from an adjustment ad-justment tax levied on the first processing pro-cessing of the basic commodity. The basic commodities named in the Act are wheat, cotton, hogs, field corn, rice, tobacco, and milk and its products; but the Secretary may exclude ex-clude from the operation of the Act any of these commodities if its inclusion in-clusion would not further the purpose pur-pose of the Act. FARM DEBT RELIEF Refinancing of farm debts at lower low-er rates of interest is also provided for. Farmers interested in this phase of the Act should get in touch with the nearest Federal Land Bank, local Farm Loan association or County Agent. The nearest Federal Land Bank is located at Berkeley, California. Farm Act Increases Purchasing Power Of Farmers Increasing the purchasing power of farmers is the declared purpose of the new Farm Act. But the Act is more than farm rc'.icf it is national relief. Farmers will buy the products pro-ducts of industry when they have more money. This is why the Act bears the title, "To relieve the existing ex-isting national economic emergency by increasing agricultural purchasing purchas-ing ixnver." Farmers' purchasing power is low, compared to that of other groups, largely because they 'have, ever since the World War, produced pro-duced more goods than they could sell at a fair price. Several methods for bringing"about an increase in rural buying power are provided for in the Act. Just what is to be done this season wiU be determined immediately in hearings hear-ings called by Secretary of Agriculture Agricul-ture Henry A. Wallace. The alternative methods made ixissible by the Act are: 1. The Secretary of Agriculture may arrange with individual farmers farm-ers to reduce their acreage or production pro-duction by a specified amount, and to compensate them either by paying pay-ing rentals or by making direct benefit bene-fit payments. This would be immediate immed-iate relief, with only the participating participat-ing producers receiving the benefits. 2. By entering into marketing agreements with processors and others oth-ers to reduce wasteful and price-depressing competition, excessive hand- |
