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Excerpt from Report of the Secretary of Agriculture, 1948 Wartime legislation for agricultural price supports was in effect throughout the fiscal year 1948; it applied to basic crops harvested and to Steagall commodities marketed through December 31, 1948. Under this price-support legislation support levels averaged some what higher than in 1947, as a result of advances recorded in the prices paid by farmers. Two main purposes justified price supports in the war years and continuation of them for a limited period there after: (1) The necessity to encourage selected high production; and (2) the desirability of enabling farmers to change over subsequently in an orderly and gradual way from wartime to peacetime patterns of production. In addition to the supports authorized for basic and Steagall commodities, the legislation permitted support for commodities when feasible. Although supports have been available for many commodities since 1941, support activity has been very limited because actual prices have exceeded supports in most instances. In J une, just before it adjourned, the Congress passed a bill (h. R. 6248) which extended the price supports for another year on the six basic commodities (cotton, wheat, corn, rice, tobacco, and pea nuts) on milk and its products; on hogs, chickens, and eggs; and on Irish potatoes harvested before J anuary 1, 1949. The support level for the above-named commodities is to be 90 percent of parity or the comparable price. On other Steagall commodities the support level is to be not less than 60 percent of parity, nor more than the 1948 support level. Ou Maryland tobacco under this legislation the parity base period becomes 1936 - 41. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving th