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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
In St. Paul, Governor Floyd B. Olson proposed a state-led farm relief program with federal aid, featuring cost reductions, price controls on commodities, one-third property tax cut plus income tax, and low-interest government loans for farmers, at a conference of Minnesota farm leaders.
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Offers Farm Plan
St. Paul, Oct. 27.(AP)-A comprehensive farm reliei program, which would be carried out by the state with the assistance of the federal government was advanced Tuesday by Governor Floyd B. Olson at a conference of farm leaders.
The plan of Governor Olson included:
Relief to farmers through reduction of the cast of operation and production.
Regulation by law of the prices the farmer receives for the basic commodities he produces.
Reduction of one-third in real property taxation in the state and adoption of a state income tax.
Reduction of the interest rate on money borrowed by the farmer, through a government loan at low interest rates.
Members of leading cooperatives and farm organizations of Minnesota were present at the meeting over which R. A. Trovatten, state commissioner of agriculture, dairy and food, presided.
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Where did it happen?
Domestic News Details
Primary Location
St. Paul
Event Date
Oct. 27
Key Persons
Event Details
A comprehensive farm relief program, to be carried out by the state with federal assistance, was advanced by Governor Floyd B. Olson at a conference of farm leaders. The plan included relief through reduction of operation and production costs, regulation of prices for basic commodities, reduction of one-third in real property taxation and adoption of a state income tax, and reduction of interest rates on farmer loans through government low-interest loans. Members of leading cooperatives and farm organizations of Minnesota attended the meeting presided over by R. A. Trovatten, state commissioner of agriculture, dairy and food.