380 



GENERAL FARM PROGRAM 



to the committee on April 7, that same group of commodities, where 

 the Secretary used as a common unit 10 bushels of corn and where 

 his family-type farm was designated as 1,800 units, we, in our bill, 

 have used as the unit merely for purposes of arriving at the proper 

 weighting of the commodity units in terms of family-farm production 

 units, a bushel of wheat, whereas the Secretary used — and I should 

 like to comment a little bit later on that, rather favorably, I think — a 

 new formula in terms of pricing, we, not having available the statistics 

 of the Bureau of Agricultural Economics, were forced to start our cal- 

 culations for purposes of developing the formula on the present rela- 

 tionship of prices in terms of the parity index. 

 (The formula referred to is as follows :) 



Selected list of commodities showing quantity equivalent of family farm 



production units 



Commodity 



Commodity 

 unit 



Family 



farm Dro- 



duction 



unit 



Commod- 

 ity volume, 

 of 5,000 

 units 



2,500 units 



Combined 

 7,500 units 



Parity 



price, Jan. 



15, 1949 



Wheat 



Corn 



•Cotton 



Rice 



Peanuts 



Tobacco: 



Flue-oured (tvpes 21- 

 24). 



Barley (type 31) 



Butterfit 



Milk (wholesale) 



Hogs 



Eggs 



Chickens 



Flaxseed 



Soybeans 



Beans, dry edible. 



BusheL 

 ._._do.. 

 Pound- 

 BushcL 

 Pound. 



do- 



do 



do 



Hundred- 



weight. 

 ...d6,__ 



Dozen- 

 Pound . 

 BusheL 

 do_. 



Potatoes. __ 

 Beef cattle. 



Lambs. 

 Oats -. 

 B;irley. 

 Apples- 

 Wool... 



Hundred- 



weight. 



BusheL- 



Hundred- 



weight. 

 do 



Bushel - 



do- 



do.. 



Pound. 

 Bo.x 



1 



1.377 

 7.122 

 1.084 

 18.4 



4.60 



4.741 

 3. 358 

 .0552 



.1216 



4.108 



7.73 

 .5227 

 .9202 

 .262 



1.21 

 . 16343 



.1500 

 2. 212 

 1.423 



. 0920 

 4.824 



.591 



5,000 



6, 885 

 35, 610 



5, 420 

 92, 000 



23, 000 



23, 705 

 16, 790 

 2,760 



608 

 20, 540 

 28, 690 



2,614 



4,601 



1,310 



6, 050 

 817. 15 



750. 00 

 11,060 



7, 116 



4,601 

 24, 120 



2,955 



2,500 

 3, 442. 5 



17, 805 

 2,710 



46, 000 



11, 500 



11,857 

 8, 395 



1, .380 



304 



10, 270 



14,345 



1,307 



2,300 



655 



3, 025 



408. 575 



37.5. 00 

 5,530 

 3.558 



2, 300 

 12, 060 



1,477 



7. ,500 

 10, 327 

 53, 415 



8,135 

 138, 000 



34, .500 



35. .562 

 25, 185 



4,140 



912 

 30,810 

 43, 035 



3,921 



6,900 



1, 965 



9.075 

 1, 225. 72 



1.125 

 16, 590 

 10, 674 



6,901 

 36, 180 



4, 432 



$2.19 



1.59 



. 3075 



2.02 



1.19 



.476 



.462 

 . 652 

 3.97 



18.00 



.533 



.283 



4.19 



2.38 



8. 36 



1.81 

 13. 40 



14.60 



.99 

 1.54 

 2.38 



.454 

 3.71 



Support value of 5,000 units $10, 950 



Support value of additional 2,500 units 4,376 



Combined .support value of 7,500 units 15, .326 



Mr. Talbott, You will note that a bushel of wheat is listed as equal 

 to 1 unit and we say that family-size farmers should be supported by 

 100 percent of parity up to 5,000 units of production. In wheat that 

 would equal 5,000 bushels. Then we say we will break them to a 

 support of 80 percent of the parity price on an amount equal to 50 

 percent of a family-type farm, or 2,500 units. 



The combined units, then, that would have 100 percent support on 

 5,000 and 80 percent support on 2,500 would be 7,500 units. In wheat 

 that would amount to 7,500 bushels. In corn, the weighting of the 

 unit would be 1.277 bushels per unit, or a 'total for 5,000 units of 

 6,885 bushels, a total for the 7,500 units of 10,327 bushels. 



I am not sure, Mr. Chairman, unless there are later questions, 

 whether it will be necessary to go through the entire calculation. I 



