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Domestic News December 15, 1938

The Coolidge Examiner

Coolidge, Pinal County, Arizona

What is this article about?

Secretary of Agriculture Henry A. Wallace outlined the 1939 wheat program under the Agricultural Adjustment Act at a meeting in Hutchinson, Kansas, highlighting five steps: soil conservation and allotments, wheat loans, marketing quotas, crop insurance, and surplus removal with market expansion.

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New Rules for 1939 Crop Production

Five major steps are provided by the Agricultural Adjustment Act of 1938 aimed at bringing the wheat farmers of the United States a fair return, said Secretary of Agriculture Henry A. Wallace when he outlined the 1939 program before a meeting of farmers and farm leaders at Hutchinson, Kansas, recently.

The five sections listed by Mr. Wallace are:

"First, soil conservation and acreage allotments. By staying within their individual acreage allotments for wheat, farmers can carry out their part in the national soil conservation program.

"Second, the wheat loan. In accordance with the act, a commodity loan on wheat is being offered to farmers by the Commodity Credit Corporation through the regional agencies of the R. F. C. This year when the wheat farmers have been hit by a huge surplus, when the speculators have stood waiting to make a killing, the wheat loan in spite of its faults will be of real value if the loans can be gotten out in volume to the farmers.

"Third, marketing quotas. The greater the degree of cooperation by wheat growers in the acreage program, the less the chance that wheat marketing quotas will be needed.

"Fourth, crop insurance. This program, based on the records of yield and production we have obtained through the Triple A programs, is just getting under way. It gives the wheat farmers an opportunity to eliminate the risk in their business that is due to fluctuations in yield from year to year.

"Fifth, surplus removal and expansion of markets. Wheat and flour are being bought by the Federal Surplus Commodities Corporation for relief distribution in this country. The purpose of the Government's export sales program is to see to it that American wheat growers always have their fair share of the export market for wheat."

What sub-type of article is it?

Agriculture Economic

What keywords are associated?

Wheat Program 1939 Crop Agricultural Adjustment Henry Wallace Soil Conservation Wheat Loan Marketing Quotas Crop Insurance

What entities or persons were involved?

Henry A. Wallace

Where did it happen?

Hutchinson, Kansas

Domestic News Details

Primary Location

Hutchinson, Kansas

Event Date

Recently

Key Persons

Henry A. Wallace

Outcome

aimed at providing fair return for wheat farmers through five program steps amid surplus challenges.

Event Details

Secretary Wallace outlined five steps from the 1938 Agricultural Adjustment Act for 1939 wheat production: soil conservation and acreage allotments, wheat loans via Commodity Credit Corporation, marketing quotas based on cooperation, crop insurance to mitigate yield risks, and surplus removal with market expansion via federal purchases and exports.

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