: :vt>r.s to the sea It is aisu Kii.jwn that 

 ititold millions are spent yearly in the 

 removal of soil waste from navigable 

 streams. 



Certainly, we must have tiie re- 

 sourcefulness and brains in America to 

 oorrect suuh an inconsistency, while at 

 ■he same time correcting the proc- 



•sses of past procedure wherein we 

 iiave been selling that greatest of na- 

 'ional resources, fertility of soil, in the 

 •orin of farm products at ruinously low 

 :.-vels. 



1 hold to the conviction that based 

 upon these general powers and the 



iiimediate purpcjses I have enumer- 

 ;iled. way.s and means will l)e found to 

 annually retire a certain portion of 

 .acli farmer's cultivated area and 



idapt the retired acres to a definite. 



iitelligent soil conservation program 



Should It be found necessary i'> 



. nier into contracts with 'he respec- 



AS THE I. A. A. CONVENTION OPENED 

 Jan, 30 in the ArmorY ai Decatuf Despite sub 

 lero weather nearly 3 000 -were on hand. 







uve owners of land. I am advised th.ii 

 any legal obstacle preventing the gov- 

 ernment from entering into such agree- 

 ments could be met through the e.\er- 

 cise of the rights of the soverign states 

 thrf)Ugh appropriate action by their 

 respective General Assemblies. It does 

 not take any stretch of the imagina- 

 tion to understand that selling of soil 

 fertility in the form of farm products 

 at ruinous price levels is neither 111 

 the national interest nor a proper pro- 

 tection of natural resources. 



.Another feature of the farm prob- 

 lem deserving of tnore definite atten- 

 tion has to do with both domestic and 

 foreign outlets for farm products. I do 

 not believe that full and proper em- 

 phasis has been placed by the Gov- 

 ernment on the importance of expand- 

 ing these outlets. There appears to be 

 little interest in securing foreign out- 

 lets for farm commodities, unless op- 

 pcrtunity is afforded to secure pnc -s 

 ;i; line with the domestic market 



I cannot agree with such a premise 

 It experience has taught us anythini;. 

 we should realue that at times even 



■4? 



I? 



-ni.ill -.iirplu.-.e> t)eiome very pi ice de- 

 pressing in the domestic market. Tin* 

 being true, the removal of these sur- 

 pluses into foreign outlets, even at • 

 price below the dome.stic market 

 should have the effect of iinpro\inK 

 ihp average net return received by 'he 

 producers of siicii products. It is not 

 my purpose to critici/.e. Ijul to point 

 out what can and should be done to the 

 full extent in line with sound eco- 

 notiius and common fiusiness "leiLse. 



I believe the powers alreadx vesttd 

 Dy Congress for administering com- 

 modity loans for the handling of sea- 

 sonal surpluses of farm products should 

 be expanded. Through simplified regu- 

 lation, but with proper saleguar<K, h 

 practical application of this tyj)e of 

 credit would be very effective 111 hold- 

 ing commodity prices at stable levels 

 throuijh piTioil-. of temporary seasonal 

 ~nrplusex 



FollowiniJ ^0011 ■tier llle decision >i 



tile Supri'n^- Court invalidating nun h 



f th>> .•\g;'icu!tur;d Adjuslinenl .\i-i 



V i.n- 'he decision from th>- C'oiiri >us- 



I < ' inlinueil till |)a;:e |i>l 





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