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Editorial October 27, 1933

Carolina Watchman

Salisbury, Rowan County, North Carolina

What is this article about?

Editorial advocates for farmer cooperation as vital for advancement, quoting Gov. Morgenthau on its necessity amid government support through financing and legislation. Notes growth in cooperatives during depression and predicts acceleration in recovery for agriculture's bright future.

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OCR Quality

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Full Text

THE NEED FOR COOPERATION GROWS

The farmer who believes that because government is seeking to do certain things for him, he needs do nothing for himself, might ponder these words of Governor Henry Morgenthau, Jr., of the Farm Credit Administration: "I believe in cooperation both as a way of advancement and as a necessity for the American farmer. I don't believe any new form of economy or new regulation of production will ever make it less necessary. It is more likely to increase the importance of it."

Agricultural cooperation means that the farmer, in association with his fellows, is taking definite steps to help himself--and is adopting the soundest and most proven means of achieving a given end.

The government itself recognizes that--and the careful reader of recent farm legislation will be impressed by the emphasis laid on cooperative methods. Indeed, Mr. Morgenthau says that the new system amounts to a chain of banks is going to help by providing necessary financing for cooperatives. The government is going to help by providing necessary financing, and the rest is up to organized farmers.

During three years of depression the membership rolls of the established cooperatives have constantly grown. During the next few years--the years of recovery--their rate of growth should be immensely accelerated. If that happens, and all indications are that it will, agriculture faces a bright future.

What sub-type of article is it?

Agriculture Economic Policy

What keywords are associated?

Agricultural Cooperation Farmer Advancement Farm Credit Cooperative Financing Recovery Growth

What entities or persons were involved?

Governor Henry Morgenthau Jr. Farm Credit Administration Government

Editorial Details

Primary Topic

Importance Of Farmer Cooperation

Stance / Tone

Supportive Of Agricultural Cooperation

Key Figures

Governor Henry Morgenthau Jr. Farm Credit Administration Government

Key Arguments

Cooperation Is Essential For American Farmers' Advancement Government Regulations Will Increase The Need For Cooperation Farmers Must Take Steps To Help Themselves Through Associations Recent Farm Legislation Emphasizes Cooperative Methods Government Provides Financing For Cooperatives Cooperative Memberships Have Grown During Depression Cooperatives Expected To Accelerate Growth In Recovery Years

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