m 



^j 



"A government program to supplement the diets of low-income people would pro- 

 vide an outlet for the product of additional cropland totaling ahout 5 million acres. 



"Should unemployment reach such a huge total as 17 millions, a level for 

 1950 comparable to that reached in the early thirties, the national income would be 

 hardly more .than one -third of what it would be under full employment, and agriculture 

 would be prostrate again- -as it was then, 



"Even conditionfl under which 7 millions of the 60 million workers were out 

 of work would create great difficulties for agriculture. Form inconie would fall to 

 two-thirds of what it would be under full employment, the average level of form prices 

 would be only three -fourths as high, and the parity ratio for average farm prices would 

 stand at less than 90 percent. 



"The net conclusion from all this is that with full employment the post-war 

 adjustments required in agriculture will be manageable but that the difficulties will 

 multiply as the number of unemployed is increased." 



A GLJ:wl 

 - 7/5A5 



