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FARM TENANT ACT
THE COMMITTEE ON AGRICULTURE
S. 1836 (H. R. 6768)
TO PROMOTE FARM OWNERSHIP BY AMENDING THE
FARMS, AND FOR OTHER PURPOSES
JANUARY 24, 25, 26, AND 30, 1940
Printed for the use of the Committee on Agriculture
MARVIN JONES, Texas, Chairman
J. ROLAND KINZER, Pennsylvania
AUGUST H. ANDRESEN, Minnesota JAMES G, POLK, Ohio
WILLIAM LEMKE, North Dakota RICHARD M. KLEBERG, Texas
RALPH O. BREWSTER, Maine FRED CUMMINGS, Colorado
ANTON J. JOHNSON, Illinois WALTER M. PIERCE, Oregon
REID F. MURRAY, Wisconsin
CLIFF CLEVENGER, Ohio
SAMUEL W. KING, Hawaii
BOLIVAR PAGÁN, Puerto Rico STEPHEN PACE, Georgia
KATHERINE WHEELER, Clerk
ALTAVENE CLARK, Clerk
LIBRARY OF CONGRESS
DIVISION OF DOOUMENTS
· Statement of
6 i 33
WEDNESDAY, JANUARY 24, 1940
HOUSE OF REPRESENTATIVES,
Washington, D.C. The committee was called to order at 10:30 a. m., Hon. Marvin Jones (chairman) presiding.
The CHAIRMAN. Gentlemen of the committee, at the last regular session the Senate passed an amendment to the Farm Tenant Act'? to provide for operation along lines somewhat similar to the Federal Housing program, and in looking over it there are some phases that seem to overlap the regular act; there is one place that conflicts to some degree, at least.
With the help of the drafting service and the Farm Security Adininistration we have worked up some provisions that it is thought rould accomplish the purpose.
This particular print has not yet been submitted to the Budget and therefore the representatives, Dr. Alexander and others who are here from the Farm Security Administration who are handling the tenant administ ation, will not be able to make official comments on the bill but they can give us their analysis of it, and also report on the operations of the present act.
I asked Dr. Alexander to come up here, and also those who assisted in drafting the bill.
Dr. Alexander, we will be glad to hear from you.
Mr. FULMER. Do I understand, Mr. Chairman, the bill has not yet been passed on by the Budget?
The CHAIRMAN. No; it has not as yet. However, it will be submitted to the Budget in the regular course. It was felt that we ought to have some hearings in order to get the reactions to the proposed amendment.
(The committee print of the proposed bill is as follows:)
[Committee Print, January 22, 1940]
A BILL To promote farm ownership by amending the Bankhead-Jones Farm Tenant Act
to provide for Government-insured loans to farmers; to encourage sale of farms held by absentee owners to farm tenants; and to enable tenant farmers to become owners of farm homes through long-term low-interest-rate loans on farms, and for other purposes
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Bankhead-Jones Farm Tenant Act is amended by inserting therein a new title to follow immediately after title I thereof and to read as follows:
"TITLE IA-FARM-TENANT MORTGAGE INSURANCE PROVISIONS
"FARM-TENANT MORTGAGE INSURANCE FUND
"SEC. 11. (a) There is hereby created a fund, to be known as the 'farmtenant mortgage insurance fund' (hereinafter referred to as the 'fund'), which