258 GENERAL FARM PROGRAM 



we are not trying to guarantee to him, we are giving him an oppor- 

 tunity. 



Mr. Pace. What was the national income during the 10-year 

 period you spoke of? 



Secretary Brannan. $21,000,000,000. 



Mr. Pace. The national income, average national income? 



Secretary Brannan. No; the farm income. 



Mr. Pace. Not the farm income. 



Secretary Brannan. Well, we will have to get some economist 

 around. About $140,000,000,000. 



Mr. Pace. The national average cash sales was $18,200,000,000 

 during the 10 years? 



The Chairman. The average purchasing power, I think you are 

 talking about? 



Mr. Pace. No. 



Secretary Brannan. $21,000,000,000. 



The Chairman. Let me get that straight; $21,000,000,000 is the 

 average farm income over the period of 10 years? 



Secretary Brannan. Yes. 



Mr. Pace. The average cash farm income, or cash farm sales? 



Secretary Brannan. That is receipts from marketing. 



Mr. Pace. That is right. 



Secretary Brannan. Cash receipts from marketing. 



Mr. Pace. All right. 



Secretary Brannan. Let me get the record straight, please, Mr. 

 Pace. 



Mr. Pace. Yes. 



Secretary Brannan. The average cash receipts from marketing for 

 the period of years 1939-48 would be $19,000,000,000 plus. For 

 1940-42 it would be about $21,000,000,000 plus. 



Mr. Pace. What is the $19,000,000,000 plus? I would like to get 

 that figure. 



Secretary Brannan. $19,018,000,000. 



Mr. Pace. All right, the average cash farm sales during the 2 years 

 is $19,018,000,000, and the national average income during the 10 

 years you said is $140,000,000,000; is that right? 



Secretary Brannan. Yes. 



Mr. Pace. Then in round figures, the average cash sales was about 

 one-seventh of the national income? 



Secretary Brannan. That is right. 



Mr. Pace. Why not add to your formula that at no time hereafter 

 will a figure be used that is less than one-seventh of the national 

 income? Then you will have tied the formula percentage to the 

 national income. 



Secretary Brannan. But I just do not want to do that. 



Mr. Pace. Why? 



Secretary Brannan. I hope it will be more than one-seventh of the 

 national income. 



Mr. Pace. You do not want to do that because you hope it will be 

 more? 



Secretary Brannan. Yes. 



Mr. Pace. All right. Wliat is there in your plan that gives the 

 slightest hope of it being more? 



