434 AGRICULTURAL DISCONTENT 



in itself was not the cause of the farmers' troubles. Low farm incomes 

 were due to lowered consumer income, the shrinkage of the foreign 

 market, the disorganization of world trade, unemployment, and reduced 

 European purchasing power. The recovery of agriculture depended upon 

 the recovery of domestic business, the recapture of the foreign market, 

 reduced interest rates, taxes, freight costs, and other fixed charges the 

 farmer had to pay, the expansion of cooperative facilities to give the farmer 

 a greater share of the consumer's dollar, and a better adjustment between 

 production and consumption. 94 



94. Third Annual Report of the Federal Farm Board (Washington, 1932), pp. 

 85-88. 



