Charles W. Stenholm: “in regard to whether or not what we did last year had any effect on farmers, I would like to insert into the Record a…”

“in regard to whether or not what we did last year had any effect on farmers, I would like to insert into the Record a letter from the Stevenville Production Credit Association that stated if we did the 10-percent reduction last year in the support we would lose 36.1 percent of our farmers. We lost 34.42. Also when we talk about prices to consumers, is it not interesting that in Mexico and in Canada, they pay $2.55 in Mexico, $2.72 for an 18 ounce equivalent jar of peanut butter. In the United States, our consumers get at $2.10. Yet our consumers pay this outlandish price to producers for peanuts. Let us talk about the M&Ms again. When we start talking about the consumer, there are 25 grams of peanuts in this. The price support is 30.1 cents per pound. That is 1\2/3\ cents cost in this peanut. If you reduce it by 10 cents, you are correct. Those who have argued the consumer will benefit, the cost will go down by .168 percent. That would reduce this price in the vending machine in this Capitol building to 54.832 cents. I will introduce legislation to mint a 54.832 cent coin to make sure that the consumer gets the benefit of the gentleman's amendment. Vote no on the amendment.”