Excerpt: About 90 per cent of the products the farmers of the United States market is directly affected by foreign competition, either in foreign markets to which we export some part of our products or in the domestic markets into which we import some part of what we consume. Some of our great staple commodities, such as wheat and cotton are sold in all the principal markets of the world in competition with foreign production. Other important commodities such as wool and hides enter the United States from all parts of the world and compete in our markets with domestic production. The producers of many of our minor crops, such as onions, prunes and hemp, are just as much affected by foreign competition as are those of our more important staple crops. In all such cases the prices of our products are determined in part by the volume and quality of the foreign production.