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H.S. Congresso House.
4. - APR 21
FEBRUARY 8 AND 9, 1966
Printed for the use of the Committee on Agriculture
U.S. GOVERNMENT PRINTING OFFICE
WASHINGTON : 1966
HAROLD D. COOLEY, North Carolina, Chairman
W. R. POAGE, Texas, Vice Chairman E. C. GATHINGS, Arkansas
PAUL B. DAGUE, Pennsylvania JOHN L. MCMILLAN, South Carolina PAGE BELCHER, Oklahoma THOMAS G. ABERNETHY, Mississippi CHARLES M. TEAGUE, California WATKINS M. ABBITT, Virginia
ALBERT H. QUIE, Minnesota PAUL C. JONES, Missouri
MRS. CATHERINE MAY, Washington HARLAN HAGEN, California
RALPH HARVEY, Indiana FRANK A. STUBBLEFIELD, Kentucky PAUL FINDLEY, Illinois GRAHAM PURCELL, Texas
ROBERT DOLE, Kansas JAMES H. MORRISON, Louisiana
LAURENCE J. BURTON, Utah ALEC G. OLSON, Minnesota
PRENTISS WALKER, Mississippi
GEORGE V. HANSEN, Idaho
SANTIAGO POLANCO-ABREU, Puerto Rico LYNN E. STALBAUM, Wisconsin ELIGIO DE LA GARZA, Texas JOSEPH P. VIGORITO, Pennsylvania JOHN C. MACKIE, Michigan ROLLAND REDLIN, North Dakota BERT BANDSTRA, Iowa STANLEY L. GREIGG, Iowa CLAIR A, CALLAN, Nebraska
Mrs. CHRISTINE S. GALLAGHER, Clerk
HYDE H. MURRAY, Assistant Clerk
FRANCIS M. LEMAY, Staf Consultant
RVS & Je 66
DeVancy, C. H., president, Texas Farm Bureau.
Giffin, Russell, Fresno, Calif..
Huddleston, H. H., vice president, Mississippi Farm Bureau-
Kennedy, J. Russell, executive committee, Cotton Producers Institute.
Salyer, Clarence, Corcoran, Calif.
McAden H. Wesley, executive vice president, American Cotton Com-
press & Warehouse Association, Inc., letter of February 8, 1966 - 53
Stevens, Boswell, president, Mississippi Farm Bureau Federation,
Committee for Arka: sas, letter..
COTTON RESEARCH AND PROMOTION PROGRAM
TUESDAY, FEBRUARY 8, 1966
HOUSE OF REPRESENTATIVES,
Washington, D.C. The committee met, pursuant to notice, at 10:10 a.m., in room 1301, Longworth House Office Building, Washington, D.C., Hon. Harold D. Cooley (chairman) presiding:
Present: Representatives Cooley, Poage, Gathings, Abernethy, Abbitt, Jones of Missouri, Hagen of California, Purcell, O'Neal, Foley, Stalbaum, de la Garza, Vigorito, Redlin, Bandstra, Greigg, Callan, Dague, Teague of California, Quie, Findley, Dole, Burton of Utah, Walker of Mississippi and Polanco-Abreu.
Also present: Martha Hannah, staff; Hyde H. Murray, assistant clerk; John J. Heimburger, counsel; and Francis LeMay, consultant.
The CHAIRMAN. The committee will please be in order.
I am certain that all of you know that this committee has been intensely interested in the cotton industry for many years, and for many years prior to January 1, 1953, our programs have operated very successfully and very well. We have maintained the farm income and have stabilized farm prices. Actually, that has been true for the last several years.
Prior to January 1, 1953, the market prices had averaged 100 percent of parity or more. On January 1, 1952, the cotton program alone showed a net profit to the taxpayers of roughly $8 million. The price support programs on all of the basic commodities, through all of the years, showed a net profit of $17 million.
Since that time we have accumulated tremendous surpluses, and we have sustained gigantic losses. The losses in the commodities run to more than $2 billion at the present time, and we are still faced with the problem of dealing with surpluses which we now have on hand.
Our farmers have cooperated with the Government in every way possible. We have decreased production.
We have a cotton bill now in operation. We had one just preceding that which proved to be very expensive but which we think revitalized the textile industry of America.
The textile industry is important not only to the farmers but to all segments of the cotton economy. It is very important to my own State of North Carolina. We have more spindles in North Carolina than in any State in the Union. We have more people employed in our textile mills than in any State in the Union, and it is necessary for us to maintain the cotton industry.