progress than any nation has ever made in a like period of time. It
is true that in July farm commodity prices had been pushed up
higher than they are today, but that push came in part from pure
speculation by people who could not tell you the difference between
wheat and rye, by people who had never seen cotton growing, by
people who did not know that hogs were fed on corn--people who have
no real interest in the farmer and his problems.

In spite, however, of the speculative reaction from the speculative
advance, it seems to be well established that during the course of
the year 1933 the farmers of the United States will receive 33
percent more dollars for what they have produced than they received
in the year 1932. Put in another way, they will receive $400 in
1933, where they received $300 the year before. That, remember, is
for the average of the country, for I have reports that some
sections are not any better off than they were a year ago. This
applies among the major products, especially to cattle raising and
the dairy industry. We are going after those problems as fast as we
can.

I do not hesitate to say, in the simplest, clearest language of
which I am capable, that although the prices of many products of
the farm have gone up and although many farm families are better
off than they were last year, I am not satisfied either with the
amount or the extent of the rise, and that it is definitely a part
of our policy to increase the rise and to extend it to those
products which have as yet felt no benefit. If we cannot do this
one way we will do it another. Do it, we will.

Standing beside the pillar of the farm--the A.A.A.--is the pillar