Percy Ellis Wright
Co-operative Commonwealth Federation (C.C.F.)
Yes, I am coming to that. But this is what I want to point out. This year our farm expenses are $1,092 million, which is more than our gross farm income was for thirteen out of the last twenty-five years. As farmers, we know that when these expenses go up, they do not go down as quickly as do the prices of the things we have to sell. That is one reason why the farmers of this country feel nervous at this time. Their expenses have gone up. When the war was over in 1945 the ceilings were taken off, and the cost of everything we have to buy has gone up to such a point that today we are in the position that, if prices drop, we shall be in an extremely serious situation indeed.
Of course we have floor-price legislation, the minister said. But that floor-price legislation has no formula in it as to what those floor prices will be. When a serious position obtains with regard to any particular agricultural product, nobody knows what the floor will be that the minister may see fit to put under that product.
Subtopic: EXTENSION OF OPERATION FOR A PERIOD OF ONE YEAR