Mr. Smith (Moose Mountain):
I agree with my hon. friend that the farmer, when he seeds his crop in the spring, should know what he is going to get for a bushel of wheat. In the past that has been the big mistake in the set-up in the west. You talk about machinery. If I sow grain in the spring
1186 HOUSE OF
Agricultural Prices Support Act I will gamble with the weather. But if I know what I am going to get for a bushel of wheat I will buy my machinery accordingly. No machine agent can come along and sell me a $4,500 combine if I know that I am going to get only a certain price for wheat. I would know whether I can pay that amount of money for the combine or any other machine.
I am speaking strictly about the western farmer. The farmer in the spring sows his crop, and if he does not know what the price of wheat is, he will take a chance on buying, say, a combine or any other machinery at a big price; then when he comes to sell that grain the price may be down, and that is where he gets into trouble. The same thing applies if you buy land or anything else. I maintain that if we get a set price for wheat that will stabilize the price of everything else that the farmer buys; because the machine companies will put the price of their machinery in line with what the farmer is getting for wheat, or else they will keep it.
Subtopic: PROVISION FOR CONTINUATION IN FORCE ON AND AFTER MARCH 31, 1950