52 STAT.] 75TH CONG., 3D SESS.-CH. 30-FEB. 16 , 1938 foreign commerce consequently becomes abnormally low, with result- ant high prices to consumers and danger to the financial stability of persons engaged in transporting, handling, and processing live- stock in interstate and foreign commerce. These high prices in turn result in another overexpansion of livestock production. Recurring violent fluctuations in the price of corn resulting from corresponding violent fluctuations in the supply of corn directly affect the movement of livestock in interstate commerce from the range cattle regions to the regions where livestock is fattened for market in interstate and foreign commerce, and also directly affect the movement in interstate commerce of corn marketed as corn which is transported from the regions where produced to the regions where livestock is fattened for market in interstate and foreign commerce. Substantially all the corn moving in interstate commerce, sub- stantially all the corn fed to livestock transported in interstate com- merce for fattening, and substantially all the corn fed to livestock marketed in interstate and foreign commerce, is produced in the commercial corn-producing area. Substantially all the corn pro- duced in the commercial corn-producing area, with the exception of a comparatively small amount used for farm consumption, is either sold or transported in interstate commerce, or is fed to livestock transported in interstate commerce for feeding, or is fed to livestock marketed in interstate and foreign commerce. Almost all the corn produced outside the commercial corn-producing area is either con- sumed, or is fed to livestock which is consumed, in the State in which such corn is produced. The conditions affecting the production and marketing of corn and the livestock products of corn are such that, without Federal assistance, farmers, individually or in cooperation, cannot effectively prevent the recurrence of disparities between the supplies of live- stock moving in interstate and foreign commerce and the supply of corn available for feeding, and provide for orderly marketing of corn in interstate and foreign commerce and livestock and livestock products in interstate and foreign commerce. The national public interest requires that the burdens on inter- state and foreign commerce above described be removed by the exer- cise of Federal power. By reason of the administrative and physical impracticability of regulating the movement of livestock and live- stock products in interstate and foreign commerce and the inade- quacy of any such regulation to remove such burdens, such power can be feasibly exercised only by providing for the withholding from market of excessive and burdensome supplies of corn in times of excessive production, and providing a reserve supply of corn avail- able for market in times of deficient production, in order that a stable and continuous flow of livestock and livestock products in interstate and foreign commerce may at all times be assured and maintained. Farm marketing FARM MARKETING QUOTAS quotas. SEC. 322. (a) Whenever in any calendar year the Secretary deter- heneffective; ter- mines from available statistics of the Department, including the August production estimate officially published by the Division of Crop and Livestock Estimates of the Bureau of Agricultural Eco- nomics of the Department, that the total supply of corn as of October 1 will exceed the normal supply thereof by more than 10 per centum, marketing quotas shall be in effect in the commercial corn-producing area for the crop of corn grown in such area in such calendar year, and shall remain in effect until terminated in accordance with the provisions of this title. 36525--3 -- -4 49
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