Facts on Demand Conditions and the Need for Continued Agricultural Adjustment

Excerpt: The emergency features of the agricultural situation of 1932-1933 that gave rise to the Agricultural Adjustment Act were an unusually low level of domestic industrial activity and purchasing power, a sharp contraction of foreign demand and increase in foreign competition and an unbalanced condition as between the various major commodities and regions of our agricultural production. Considerable improvement has occurred during the past two years, but it has been accompanied by other developments that call for a continuation of our agricultural adjustment policy. Tables included: Farm Prices Received and Prices Paid by Farmers January 1929-1935 --- Farm Income and Expenditures and Ratio of Balance to Expenditures --- National and Farm Income Per Capita, 1909-34 --- The Farmer's Share of the Consumer's Retail Expenditures for 14 Food Items --- Income of Urban Consumers and Cash Income from Crops and Livestock.