Herbert Hoover: The Man and His WorkKellogg, Vernon L. (Vernon Lyman)
History
Herbert Hoover: The Man and His Work
Kellogg, Vernon L. (Vernon Lyman)
Hoover, Herbert, 1874-1964; World War, 1914-1918 -- Food supply
The results of these periods of unprofitable feeding was to retard hog
production, as the grower was discouraged from breeding during those
periods. Hoover therefore decided that the maintenance of a proper
relation between the price of corn and the price of hogs was the best
method of assuring an increased production of pork. Furthermore, the
violent fluctuations in the price of hogs tended to lift the price of
the pork products to the consumer unduly, for at every new rise the
stocks already in the warehouses over the whole country were marked up
and the spread between the consumer and the producer thereby increased.
A stabilization of the price of hogs was therefore as necessary for the
protection of the consumer for the sake of a reduction of this spread as
it was in the case of other foodstuffs.
In order that the swine growers should have an opportunity to
participate in the determination of what method would be most fair and
effective in establishing this stabilization and stimulating production,
a committee of leading producers was asked to investigate the whole
matter. This committee made a report late in October, 1917, which, after
setting out the situation in detail and calling attention to the
imperative need of a stimulation of production, declared that although
hog production for the ten years ending 1916 had been maintained on a
ratio of 11.66 bushels of corn to 100 pounds of hog, there had been but
little profit to the grower on this basis and that it would be desirable
for the sake of stimulation to pay at least the equivalent of 13.33
bushels of corn per hundred pounds of average hog and, if possible, as
much as 14.33 pounds. On this latter ratio the committee believed that
production could be increased fifteen per cent above the normal. The
Committee added an expression of its belief that "the best emergency
method of immediately stabilizing the market and preventing the
premature marketing of light unfinished pigs and breeding stock would be
to establish a minimum emergency price for good to select hogs of
sixteen dollars a hundred pounds on the Chicago market."
Public-domain text, read in full here on John Shaqi.
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