1st Session CIANNINI FO IN AGRICU FURAL CONOMICS POLICY FOR COMMERCIAL AGRICULTURE ITS RELATION TO ECONOMIC GROWTH AND STABILITY 97226 PAPERS SUBMITTED BY PANELISTS APPEARING JOINT ECONOMIC COMMITTEE NOVEMBER 22, 1957 Printed for the use of the Joint Economic Committee UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1957 For sale by the Superintendent of Documents, U. S. Government Printing Office GIANNINI JOINT ECONOMIC COMMITTEE RICHARD BOLLING, Missouri THOMAS B. CURTIS, Missouri CLARENCE E. KILBURN, New York PAUL H. DOUGLAS, Illinois J. WILLIAM FULBRIGHT, Arkansas JOHN W. LEHMAN, Acting Executive Director SUBCOMMITTEE ON AGRICULTURAL POLICY JOHN SPARKMAN, Alabama, Chairman WRIGHT PATMAN, Texas PAUL H. DOUGLAS, Illinois п GEORGE E. BRANDOW, Economist LETTERS OF TRANSMITTAL GIANNINI NOVEMBER 22, 1957. Hon. WRIGHT PATMAN, Chairman, Joint Economic Committee, House of Representatives, Washington, D. C. DEAR MR. PATMAN: Transmitted herewith are the papers submitted by the panelists invited to appear before the Subcommittee on Agricultural Policy. Pursuant to the instructions contained in the February 28, 1957 Joint Economic Report of the full committee, the subcommittee is conducting a study of policy for commercial agriculture. The study is focused upon family farmers whose income problems are largely traceable to levels of farm prices and costs rather than to severe underemployment. In connection with the underemployment problem, attention is called to earlier studies by our Subcommittee on Low-Income Families. The papers are presented in advance of the subcommittee's hearings to be held December 16-20, to provide members of the subcommittee, the panelists, and the public an opportunity to examine the analysis of the problem and the alternatives for dealing with it as they will be developed in oral statements and discussion at the hearings. Hon. JOHN SPARKMAN, JOHN SPARKMAN, Chairman, Subcommittee on Agricultural Policy. NOVEMBER 22, 1957. Chairman, Subcommittee on Agricultural Policy, United States Senate, Washington, D. C. DEAR SENATOR SPARKMAN: Transmitted herewith are the papers submitted by the panelists invited to appear before the Subcommittee on Agricultural Policy at hearings to be held December 16-20. The . papers are arranged by panel topics in the order in which they are scheduled for discussion at the hearings. Supplementary material is included in the appendix. The papers are presented as submitted, without deletions. JOHN W. LEHMAN, Acting Executive Director. III |