STATUS OF AGRICULTURAL ENTERPRISE 247 



that a Permanent Tariff Adjustment Board be cre- 

 ated with the power to vary schedules between 

 industrial and farm products deserves consideration. 

 But what about the farm surplus problem? This 

 is the question that is very much in the public mind 

 today. This problem is secondary to the more 

 fundamental ones of land utilization, balanced pro- 

 duction, the use of credit for productive purposes, 

 and the equalization of benefits under the various 

 forms of subsidies. Competition in foreign markets 

 must be determined finally on the basis of the eco- 

 nomic law of supply and demand. The ability of 

 farm producers in this country to compete success- 

 fully with those of other countries must depend upon 

 relative cost of production, quality of products, 

 rapidity of transportation and marketing facilities. 

 Legislation that ignores these important factors 

 must ultimately bring disaster upon the industry 

 that it is designed to serve. 



