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The farmer's share of the consumer's dollar for the country 

 as a whole was 52 cents in July compared with ^1 cents in June. The 

 1935-39 average was k-2 cents. The cost to consumers of the 5^ imoortant 

 foods in quantities representing annual consumption by a working man's 

 family rose less than 1 per cent from June to July to $^01. Farmers 

 received J209 for equivalent quantities (^f farm products in July» 



Soybean contracts . Arrangements are practically completed 

 between the Commodity Credit Corporation and processors for the handling 

 of the soybean crop this year. In any case, the farmer will receive 

 the stipulated government support price for soybeans; that is, 8l*6o 

 for No, 2 yellow beans of high oil content at time of harvest and a 

 little more if stored on the farm and marketed at a later date. One 

 plan calls for the purchase by country elevators for their own account 

 or for the Commodity Credit Corporation. The sale of the beans by the 

 elevators to processors would be under the direction of the Commodity 

 Credit Corporation, Terminal elevators would buy beans also. 

 Arrangements probably will be made for producers to sell beans to the 

 county AAA committee for the account of the CCC, but it is hoped that 

 the beans can be marketed through the regular trade channels. Two types 

 of contracts are provided with processors. In one case, the processors 

 will buy the beans at the support price through the regular channels of 

 trade. If they are unable to obtain enough for the products to make 

 the operation profitable, the CCC will talte the products off the 

 processors hands, presumably at some pre-arranged price. For those 

 processors who feel sure that they could not make a profit by buying 

 the beans at 5l,60 and selling the oil and meal at market prices, an 

 arrangement is suggested viiereby the processors would buy the beans 

 from producers, sell them to the credit corporation, then repurchase 

 them at prescribed prices, selling the oil at ceiling prices and the 



