ARD DIVISION H. R. 63, H. R. 1890, and H. R. 2318 64643 MARCH 4, 5, 6, 7, 11, 12, AND 13, 1947 Printed for the use of the Committee on Agriculture UNITED STATES WASHINGTON: 1947 A5 CONTENTS Askew, Vestel, secretary of Texas Sheep and Goat Raisers Association_ Barrett, Hon. Frank A., United States Representative from Wyoming. 36, 45 220, 227 D'Ewart, Hon. Wesley A., United States Representative from Mon- Dodd, Norris E., Under Secretary of Agriculture. Fawcett, C. J., general manager, National Wool Marketing Corpora- Fisher, Hon. Clark, O., United States Representative form Texas. - Hester, Clinton M., National Wool Trade Association and Boston 246 Nichols, Clarence W., Assistant Chief, International Resources Di- 157, 195 Pauly, S. J., president, National Wool Growers Association. Wilken, Carl H., economic analyst, Raw Materials National Council,· Wilkins, Russell, president, Wilkins & Co., Ltd., Denver, Colo.. 96 98 Various statements submitted___ 186 III PROVIDING SUPPORT FOR WOOL TUESDAY, MARCH 4, 1947 HOUSE OF REPRESENTATIVES, Washington, D. C. The committee met at 10 a. m., Hon. Clifford R. Hope (chairman) presiding. The CHAIRMAN. The committee will come to order. We are meeting this morning to consider the matter of wool legislation. There are three bills before the committee dealing with this subject directly: H. R. 63, by Mr. Granger; H. R. 1890, by Mr. Barrett, and H. R. 2318, by Mr. Hill. In addition to that, there is the bill H. R. 1825, introduced by the Chair, which covers the matter of import quotas on all commodities upon which price-support programs are in effect While we will not conduct this hearing generally on H. R. 1825, I have had copies of the bill distributed to the members of the committee so that they will have that in mind in connection with these hearings. (H. R. 63, H. R. 1825, H. R. 1890, and H. R. 2318 are as follows:) [H. R. 63, 80th Cong., 1st sess.] A BILL To authorize the Secretary of Agriculture to establish a comparable price for wool, a comparable price for lambs, and to provide support price for wool, and for other other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Wool Act of 1947". SEC. 2. (a) Beginning with wool produced in 1947, Commodity Credit Corporation is directed, through loans, purchases, or other opeations, to so use the funds available to it as to support, during the period beginning January 1, 1947, and expiring two years thereafter, a price to producers of wool in the continental United States and Territories of not less than 90 per centum of the comparable price for wool as of January of the year in which the wool is produced. (b) Notwithstanding any other provisions hereof, the Commodity Credit Corporation may adjust support prices for individual grades and qualities of wool for the purpose of bringing about a fair and equitable relationship in the support prices for the various grades and qualities of wool; may make discounts from support prices for off-quality, inferior-grade, or poorly prepared wool; and may make discounts from support prices for the purpose of discouraging unsound marketing practices. SEC. 3. The Secretary of Agriculture shall establish a comparable price for wool and comparable price for lambs, respectively, and the comparable price so established shall be used for the purposes of all laws in which a parity or comparable price is established or used. The comparable price for wool and the comparable price for lambs, respectively, shall be that price which bears the same relation to the average parity prices of the basic agricultural commodities, cotton, corn, wheat, rice, tobacco, and peanuts, as the actual price for wool or lambs, as the case may be, bore to the actual average prices of such basic commodities during the period August 1934 to July 1939. Such comparable price for wool or lambs may be adjusted for grade, quality, season, and location. 1 |