Export Debenture Plan
EXPORT DEBENTURE PLAN
EXPORT DEBENTURE PLAN. During the years 1920–1929, several bills, notably the McKinley-Adkins, the Jones-Ketcham, and the McNary-Haugen bills, sponsored an export debenture plan. The plan's essential principle was government payment of a bounty on exports of certain farm products in the form of negotiable instruments, called debentures, which could satisfy customs duties. Farm products could then be sold to domestic purchasers for no less than the export price plus the bounty, and farmers could thus sell the whole of their marketed crop at above-market prices. Opposed as futile price-fixing schemes, none of these bills became law.
BIBLIOGRAPHY
Davis, Joseph S. The Farm Export Debenture Plan. Palo Alto, Calif.: Stanford University Press, 1929.
Frank Parker / c. w.
See also Agricultural Price Supports ; McNary-Haugen Bill .
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