CHAPTER 1. OBJECTIVES AND MECHANISMS.
I. WHY THE ACT WAS PASSED.
Agriculture's part in depression.-Drastic decline in farm
purchasing power to 50 percent of pre-war.- Loss of export
markets.-Surplus undermining price.—The vicious cycle of
farm price collapse and city unemployment.--How surpluses
cause bread lines.
II. PURPOSES SET FORTH IN THE ACT..
Balancing production with demand.—Parity of farm in-
come.- Protection of consumers.
III. POWERS UNDER THE ACT.
Production control and marketing agreements.
IV. FINANCING THE ADJUSTMENT PROGŘAM.
V. FUNCTIONS OF THE PROCESSING TAX.
Protecting the cooperating farmer. A direct contribution to
VI. TRANSFER OF POWERS FROM N.R.A.
CHAPTER 2. ORGANIZATION..
The Agricultural Adjustment Administration. Its person-
nel and organization.--Using experience and facilities of the
Department.—Reorganization into more compact form.-
Number of employees.-Assistance of Extension Service.-
CHAPTER 3. COTTON..
I. HISTORICAL AND ECONOMIC REVIEW.
Balance upset by World War.—Expansion of 16,000,000 acres
from 1921 to 1926.-Growth of world production.—Decline in
world consumption of American cotton.-Big drop in domestic
demand.—World carryover trebled.-Farm income falls two
II. THE 1933 EMERGENCY PROGRAM.
Necessity for drastic aid.—Acreage chief factor in control
measures. — Dominant position of United States in world cotton
trade.- Decision to reduce production.-The 1933 cotton
plan.-Cash benefits and options.-Incentive to cooperate.-
The sign-up campaign.-Results: 4,400,000-bale and 10,400,-
III. PROCESSING TAXES.
Rise in cotton prices.-Growth in cotton consumption.-Per
capita cost 93 cents.-Farmers' income up over $200,000,000.
IV. HANDLING OF COTTON FOR OPTION CONTRACTS.
V. LOANS ON COTTON AND COTTON OPTIONS..
VI. RESULTS OF 1933 PROGRAM.
Plow-up as higher price factor.- Broad aspects of benefits.
VII. PLANS FOR 1934 AND 1935.
VIII. MARKETING AGREEMENTS AND CODES.
CHAPTER 4. WHEAT.
Voluntary domestic allotment plan applied to wheat.-Five
years of preliminary effort.—The Topeka speech.—Principles
of plan formed heart of Adjustment Act.
I. FROM GRASS TO GRAIN..
Surplus the heart of the wheat problem.—Prices lowest on
record.—Rising world production due to war.-Creditor posi-
tion of United States shortens export demand.- Wheat carry-
over nearly 400,000,000 bushels.
II. MAPPING TÅE ADJUSTMENT PROGRAM.
Conference on wheat plans.— Three-year program decided on.
III. WORLD WHEAT AGREEMENT
IV. EXECUTING THE ADJUSTMENT PROGRAM
Sign-up of 50,000,000 acres, 80 percent of total.-Seven
million acres taken out of wheat.-Benefits of $102,000,000.-
Revising prior estimates.
V. PROCESSING TAX
VI. NORTH PACIFIC MARKETING AGREEMENT.
VII. MARKETING AGREEMENTS AND CODES.
VIII. CURRENT WORLD SITUATION.
CHAPTER 5. TOBACCO...
Six types, many problems.-Sixty percent decline in farm
price.--Big increase in manufacturers' profits.