{"@context":"http://iiif.io/api/presentation/3/context.json","id":"https://iastate.aviaryplatform.com/iiif/j678s4kd5j/manifest","type":"Manifest","label":{"en":["Tweeten, Luther G., Is the Family Farmer being Squeezed out of Business by Monopolies?"]},"logo":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/004/original/ISULogo.png?1601681107","metadata":[{"label":{"en":["Publisher"]},"value":{"en":["Iowa State University. Special Collections and University Archives"]}},{"label":{"en":["Identifier"]},"value":{"en":["RS008-006-053 (call number)","AV203661 (UID)"]}},{"label":{"en":["Description"]},"value":{"en":["Is the Family Farmer being Squeezed out of Business by Monopolies? is a February 26, 1987 event in the Iowa State University Lecture Series featuring Luther Tweeten. Luther Tweeten argues that smaller farm operations are being squeezed out by the economy","This item was captioned by Rev.com in conformance with WCAG 2.1 AA accessibility guidelines. (accessibility)"]}},{"label":{"en":["Local Identifier"]},"value":{"en":["Lectures_AV203661"]}},{"label":{"en":["Rights Statement"]},"value":{"en":["Per request by the creator, access to this item is restricted to scholarly use only. (access)","This item is protected by copyright and/or related rights. You are free to use this item in any way that is permitted by the copyright and related rights legislation that applies to your use. In addition, no permission is required from the rights-holder(s) for educational uses. For other uses you need to obtain permission from the rights-holder(s)."]}},{"label":{"en":["Preferred Citation"]},"value":{"en":["Is the Family Farmer being Squeezed out of Business by Monopolies? Iowa State University Lecture Series (RS 8/6/53). Special Collections and University Archives, Iowa State University Library, Ames, Iowa."]}},{"label":{"en":["Ark"]},"value":{"en":["https://n2t.net/ark:/87292/w93x83r15"]}},{"label":{"en":["Date"]},"value":{"en":["1987-02-26"]}},{"label":{"en":["Type"]},"value":{"en":["lectures","Sound"]}},{"label":{"en":["Agent"]},"value":{"en":["Tweeten, Luther G. (speaker)"]}},{"label":{"en":["Format"]},"value":{"en":["1/4 inch audio cassette"]}},{"label":{"en":["Subject"]},"value":{"en":["Food industry and trade--Economic aspects","Agriculture and state","Farms--Economic aspects","Economies of scale","Farm management--Economic aspects"]}},{"label":{"en":["Language"]},"value":{"en":["English (primary)"]}},{"label":{"en":["Relation"]},"value":{"en":["Committee on Lectures records (RS 8/6/53) (physical collection)","Iowa State Lectures Series (digital collection)"]}}],"summary":{"en":["Is the Family Farmer being Squeezed out of Business by Monopolies? is a February 26, 1987 event in the Iowa State University Lecture Series featuring Luther Tweeten. Luther Tweeten argues that smaller farm operations are being squeezed out by the economy","This item was captioned by Rev.com in conformance with WCAG 2.1 AA accessibility guidelines."]},"requiredStatement":{"label":{"en":["Attribution"]},"value":{"en":["Per request by the creator, access to this item is restricted to scholarly use only.","This item is protected by copyright and/or related rights. You are free to use this item in any way that is permitted by the copyright and related rights legislation that applies to your use. In addition, no permission is required from the rights-holder(s) for educational uses. For other uses you need to obtain permission from the rights-holder(s)."]}},"provider":[{"id":"https://iastate.aviaryplatform.com/aboutus","type":"Agent","label":{"en":["Iowa State University"]},"homepage":[{"id":"https://iastate.aviaryplatform.com/","type":"Text","label":{"en":["Iowa State University"]},"format":"text/html"}],"logo":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/organizations/logo_images/000/000/004/original/ISULogo.png?1601681107","type":"Image"}]}],"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/120/278/small/lecture.png?1627046001","type":"Image","format":"image/png"}],"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278","type":"Canvas","label":{"en":["Media File 1 of 2 - AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.mp3"]},"duration":2803.944,"width":640,"height":40,"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/120/278/small/lecture.png?1627046001","type":"Image","format":"image/png"}],"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/content/1","type":"AnnotationPage","items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/content/1/annotation/1","type":"Annotation","motivation":"painting","body":{"id":"https://aviary-p-iastate.s3.wasabisys.com/collection_resource_files/resource_files/000/120/278/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.mp3?1627046001","type":"Audio","format":"audio/mpeg","duration":2803.944,"width":640,"height":40},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278","metadata":[]}]}],"annotations":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434","type":"AnnotationPage","label":{"en":["AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.vtt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e welcome to the third session","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=11.49,13.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the Fourth Annual Conference","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=14.08,16.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on Religious Ethics and Technological Change,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=16.27,19.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"called, Is there a conspiracy against family farmers?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=19.33,22.743"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For those of you who missed the two sessions this afternoon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=24.54,26.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let me give you a brief account of what has happened.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=26.97,30.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the first session I gave a lecture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=30.99,35.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in which I discussed the history of this conference,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=37.47,40.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which originated last year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=40.32,41.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And at that conference","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=43.12,44.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"called, Is there a moral obligation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=44.16,45.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to save the family farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=45.71,47.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"My colleague, Tony Smith,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=47.62,49.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and Bishop Maurice Dingman of Des Moines,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=49.52,53.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"charged the family farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=53.27,54.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"were being squeezed out of business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=54.56,55.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by powerful conglomerate firms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=55.97,58.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in farm input and food manufacturing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=58.77,62.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our speaker tonight, Professor Luther Tweeten,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=64.99,67.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"took great exception to the remark","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=67.63,69.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a debate ensued","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=70.54,72.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was covered by the national media","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=72.61,75.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and gave eyes to several articles","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=75.18,77.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by all of the participants.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=78.03,80.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I was sure that it merited a followup conference.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=80.54,84.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And your presence here tonight","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=84.35,85.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is confirmed my view about that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=85.94,89.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the first lecture this afternoon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=90.66,92.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we learned a couple of things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=92.32,94.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One that there's a distinction","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=95.69,96.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"between conspiracy theories and complicity theories.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=96.84,101.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And conspiracy theories are simply false.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=101.67,105.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There is no international Jewish click of bankers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=105.01,110.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"controlling the farm economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=110.03,112.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and squeezing them out of business, period.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=112.69,117.133"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The second claim","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=119.01,120.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I think Tony Smith and Bishop Dingman were making","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=120.15,123.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was that at a much lower level","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=123.4,125.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the agribusiness level,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=125.82,128.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there were acts of collusion going on, insider information,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=128.37,132.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and non-competitive sectors of the economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=132.64,135.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which were depressing prices for farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=135.87,138.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that was helping to drive farmers out of business.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=138.69,142.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the second lecture this afternoon,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=143.61,145.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Dr. Bruce Marion responded to that question","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=145.4,149.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he asked, \"To what extent does monopoly power","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=149.58,153.067"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"contribute to the farm crisis?\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=153.067,155.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And his answer was, \"A very small amount\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=155.04,157.817"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He said non competitive sectors are important","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=160.02,163.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in some parts of the agricultural economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=163.84,166.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but he minimized the importance of those markets.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=166.88,171.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He pointed out that the most important factor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=172.86,176.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the farm crisis","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=176.05,177.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has probably been the development","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=177.77,180.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of fiscal and monetary policy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=180.13,182.193"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"coupled with things like the development of technology","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=183.18,186.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and research and development,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=186.5,188.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and more recently foreign competition.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=188.44,190.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think I'm getting a fair account.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=190.91,192.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But he did point out that in some sectors,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=197.122,199.787"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There has been evidence","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=203.3,206.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that he and his colleagues have discovered poor competition.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=206.6,211.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tonight Professor Luther Tweeten","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=213.74,215.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"addresses the same question.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=215.33,217.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Are monopolies squeezing family farmers out of business.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=217.35,221.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Professor Tweeten is Regions Professor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=222.15,223.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of Agricultural Economics at Oklahoma state University","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=223.75,227.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and really needs no extensive introduction.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=227.21,229.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so I will not give him one here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=229.64,232.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He is however, the author of many articles","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=232.92,235.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and an important book called,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=235.87,237.107"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"The Causes and Consequences of Structural Change","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=237.107,239.647"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"in the Farming Industry\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=239.647,241.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"After his lecture Professor Bruce Marion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=241.77,244.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will respond,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=244.47,245.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I've invited Mr. George Naylor to respond as well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=245.96,250.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I hope George gets here soon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=250.6,252.683"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Tomorrow at 3:00 PM Professor John Hart of Montana college","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=253.72,257.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will turn our attention to questions of value,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=257.71,260.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cultural ideals and Catholics theology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=260.29,263.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That session will be back up in the gallery","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=263.57,266.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in this building.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=267.82,268.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then tomorrow night,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=268.95,270.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Michael Novak will address the same subject,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=270.53,272.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Catholic theology and capitalist agricultural economics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=272.54,276.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in this room.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=276.43,277.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now Professor Tweeten.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=278.35,279.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e First of all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=289.89,290.723"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was able to get in a number of comments this afternoon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=290.723,295.723"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I noticed that somebody just replayed those","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=296.26,298.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a second ago.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=298.71,299.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Before we begin I want to beg your indulgence just a moment.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=304.38,308.673"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I want to call your attention","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=309.56,311.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to a very, very wonderful lady","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=311.96,316.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who has meant a lot to me over the years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=318.5,321.123"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's Marian Hetty,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=322.11,323.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who's husband Earl was my mentor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=323.28,327.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sometimes tormentor, I guess,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=327.32,329.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for a number of years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=329.16,331.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I owe a deep debt of gratitude to Earl Hetty.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=331.08,336.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I would just like to single out Marian","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=336.36,338.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because she has been so tremendous over the years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=338.96,341.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And Earl certainly","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=341.41,344.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was a vast international success on his own,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=344.22,347.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but but Marian always contributed greatly to that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=347.27,351.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so Marian, would you stand up please?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=351.41,353.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(clapping)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=354.961,357.211"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What I want to discuss tonight","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=364.77,366.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the issue of our farmers exploited","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=366.43,371.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the agribusiness sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=372.64,374.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Just to make it very simple.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=374.38,375.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our farmers exploited by the agribusiness sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=375.88,379.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'm going to organize my presentation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=379.41,382.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a number of ways.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=382.0,383.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"First of all, I'm going to divide the agribusiness sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=383.81,387.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into two components.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=387.92,389.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The first of these components","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=389.97,391.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the product marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=391.81,395.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the second component","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=396.81,398.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the input supply sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=398.47,401.673"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Within the product marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=402.88,405.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm going to talk about three components.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=405.47,407.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One is basically the marketing industries as a whole.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=407.57,410.663"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And secondly, two components of the marketing industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=411.56,414.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that had been a frequent target","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=414.98,416.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of vilification on the part of populous movements.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=416.69,420.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And one of those is the grain export industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=420.35,425.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and another is the futures market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=425.29,427.493"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The other general area","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=429.01,430.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I'm going to talk about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=430.06,431.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the input supply industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=431.66,436.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I'll talk about a number of components","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=436.48,439.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of that input supply industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=439.13,440.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's a very important industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=440.8,442.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we would not be able to do an adequate job","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=444.3,447.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of looking at whether farmers are exploited","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=447.203,450.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the agribusiness sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=450.39,451.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without looking at the agribusiness industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=451.71,455.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So first then turning to farm marketing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=455.51,459.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and specifically to food marketing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=459.11,461.653"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Consumers spent $350 billion for food in 1985.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=464.43,469.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What I should do here,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=472.42,473.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a the typical classroom atmosphere","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=473.75,475.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to ask you what percent of that 355 billion,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=475.99,480.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but to make it a little simpler,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=482.87,484.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what percent of each consumer food dollar","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=484.89,488.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do you think goes to the marketing sector for profit?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=488.27,492.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You think it's over 50%?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=492.86,496.626"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Do you think it's five to 50%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=496.626,500.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or do you think it's 5% or less?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=501.87,504.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, I'm not going to put anybody on the spot.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=505.92,508.433"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The fact is that 5%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=510.03,511.627"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what the consumer spends on food goes for profit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=513.09,518.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The food that is consumed at home.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=523.181,525.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The farmer gets 31 cents of the consumer food dollar,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=525.02,529.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which means that the marketing sector gets 69%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=531.01,535.473"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Many groups have viewed that 69% as a cost","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=536.63,541.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"an unnecessary cost.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=542.2,544.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But another way to view it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=545.51,547.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that it's value added.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=547.11,549.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Place, form, convenience, utility","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=550.47,554.613"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is being added to that food.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=556.36,559.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's a characteristic of people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=559.63,561.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that as their incomes go up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=561.44,564.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"instead of spending more for the basic farm raw materials,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=564.31,567.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"eating more potatoes, eating more wheat and so forth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=567.97,571.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They prefer as their incomes go up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=571.81,574.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to spend their discretionary income on more services.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=574.86,578.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so place, form and time utility","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=579.68,582.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"become more important to them,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=582.25,583.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they pay additional amounts for processing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=583.6,586.663"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so much of that growth in the market share","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=587.58,590.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that goes to the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=590.82,593.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a result of that increased demand","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=593.32,595.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for marketing services and convenience","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=595.74,598.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the part of the housewife.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=598.01,599.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All right, now the question is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=605.07,608.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well, first of all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=608.61,610.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Americans receive the highest quality","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=611.37,616.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and quantity per capita of food,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=617.33,619.676"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of any country in the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=619.676,623.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They spend about 14% of their income for food.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=623.98,626.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they get a lot for what they spend.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=629.65,632.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But one thing we ought to keep in mind here","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=639.16,641.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that efficiency and equity are very important.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=641.47,646.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's not just a matter","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=646.38,648.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of how much consumers spend for food.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=648.67,651.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Much of the question is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=652.64,654.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is there greater efficiency","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=654.43,656.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that could be worked into this sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=656.43,658.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Efficiency that would be passed along","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=658.12,660.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as gains to both farmers and consumers?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=660.82,664.633"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"My conclusion is that there is imperfect competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=666.49,670.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=670.61,672.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are inefficiencies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=672.18,674.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In some cases, there is excess profit.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=674.79,678.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In some cases there is excess advertising","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=678.5,681.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but on the whole,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=682.95,684.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"changes in the food marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=684.61,686.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would not bring significant changes to farm problems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=687.77,692.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And with farm problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=693.21,694.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm talking about cost price squeeze,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=694.33,697.683"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the demise of the family farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=699.21,701.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is reduction in number of family farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=701.61,704.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"price and income variability.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=704.97,706.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These kinds of problems that farmers face and are very real.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=707.66,711.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Please don't anybody go away from this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=711.17,713.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"saying that Clayton doesn't think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=713.24,714.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"farm problems are very real.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=714.86,716.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They are very real.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=716.77,718.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The issue is what is the role of agribusiness","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=718.55,721.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in causing these farm problems?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=721.76,723.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For a number of reasons","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=725.89,727.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"opportunities for changes in the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=727.74,730.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would reduce farm problems are fairly slim.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=730.9,733.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let me cite some of those reasons.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=733.65,735.753"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A number of studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=737.36,738.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have indicated inefficiencies in the marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=738.44,741.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we've already talked about this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=741.59,743.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Parker Conner study, for example.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=744.37,746.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They found that because of monopoly elements","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=746.28,749.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the food manufacturing industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=749.93,753.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"consumers were being charged $12 million more","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=754.4,758.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than they would have been","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=758.57,759.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if the sector would have been competitive,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=759.94,762.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if they'd been less concentration.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=762.12,763.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We also found out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=765.41,766.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that in the case of beef packing, for example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=766.43,769.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the estimate was that prices to farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=769.66,773.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"could have been up to 47 cents per a hundred weighed higher,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=773.5,777.883"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if there had been less concentration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=779.69,781.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the packing industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=781.81,783.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I might say that others have done studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=786.11,789.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"particularly of the food manufacturing industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=790.73,793.267"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it found estimates that are far less.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=793.267,796.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Furthermore critics who have examined","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=796.62,799.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Parker Connor study, for example,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=799.43,802.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have objected violently to those estimates.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=802.2,806.923"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They simply don't believe them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=807.8,809.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They say that the costs are far less","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=810.89,813.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that the costs of monopoly are far over estimated.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=815.42,819.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And some of these critics include","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=819.56,820.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Ward, Greek, Bullock, (indistinct) strongly object.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=820.93,825.413"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Ward, Bullock and others","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=826.78,828.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"also strongly object to the Parker findings.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=828.55,831.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so among economists,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=831.82,833.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's a great deal of disagreement","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=833.63,835.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as to the monopoly costs in the food sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=836.9,840.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So part of the problem is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=842.85,845.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not everybody goes along with this idea","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=845.02,848.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there are large inefficiencies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=848.21,850.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"due to monopoly pricing and so forth","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=850.5,853.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=853.61,854.893"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Secondly, even if the very highest estimates of costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=857.33,862.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"due to imperfect competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=862.83,864.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the marketing sector were accepted,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=864.4,866.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it does not follow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=867.67,869.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that an alternative system would entail less social costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=869.25,873.613"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Even if the marketing sector were atomistic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=875.96,879.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and hence composed of thousands of firms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=879.96,883.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"costs might actually be higher to consumers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=883.8,887.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and prices lower to farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=887.21,889.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because farms would be too to be efficient.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=889.7,893.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are economies of size in the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=893.22,897.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and not all economists agree","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=898.66,900.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as to what is an efficient size packing plant, for example.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=900.98,905.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The NC 117 Committee has one estimate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=905.2,908.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Clem Ward has another estimate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=908.21,910.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you take Clem Ward's estimate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=910.45,912.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as a measure of the most efficient size of plant","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=913.58,917.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then many of the NC 117 findings don't hold up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=917.26,921.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, it's very possible,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=923.005,924.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but if you atomized,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=924.11,925.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is made into thousands of firms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=925.64,929.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the marketing sector costs would rise","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=929.98,934.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"both to consumers and on the other hand,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=934.72,937.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"prices to farmers would decline.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=937.24,939.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're awfully tempted","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=943.72,944.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when we see elements of imperfect competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=944.95,948.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to recommend changes to improve the sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=948.02,951.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in some cases it's totally appropriate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=951.18,953.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make those changes,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=953.05,954.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I have seen over and over and over again","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=954.78,957.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where we've seen inefficiencies and we make changes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=958.48,962.017"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the costs of our changes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=962.017,964.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are greater than the costs of the inefficiencies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=964.19,967.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're trying to correct.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=967.14,968.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Third, even if inefficiency in marketing is large","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=969.66,974.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and could be eliminated at low cost,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=975.43,978.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"farm problems would remain essentially unchanged.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=978.96,982.503"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Even if we eliminated monopoly profits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=987.01,989.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I've made some very, very generous estimates on this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=989.72,994.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in fact almost any economists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=994.15,996.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would say these estimates are absolutely outrageous,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=996.17,999.523"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but at the very most,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1002.08,1003.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if we made every change possible","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1003.89,1006.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we could in the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1006.09,1007.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"farmers might gain a little over $4 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1007.89,1010.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now the American Agriculture Movement guys would say,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1011.99,1014.566"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well that should help a lot.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1014.566,1015.748"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it would, it would help a lot.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1015.748,1017.903"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But the fundamental problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1019.07,1020.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the commercial farming industry is instability.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1020.96,1023.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's annual and cyclical, instability of income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1025.27,1029.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And sometimes those cycles","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1029.61,1031.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"run for an extended period of time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1031.03,1032.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"such as in the 1980s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1032.77,1034.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I don't blame farmers a bit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1035.33,1038.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if they feel that the cycles of low incomes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1038.13,1041.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are a lot longer than the cycles of high income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1041.04,1043.867"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's the way it seems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1046.04,1047.493"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But eliminating imperfection in the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1049.27,1053.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would not deal with that income instability problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1053.8,1058.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Furthermore, one of the characteristics,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1060.87,1064.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and studies bear this out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1064.49,1066.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the characteristics of the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1066.43,1068.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that it behaves as a shock absorber,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1068.57,1071.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is as prices at the farm go up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1072.13,1075.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the marketing sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1075.02,1076.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"does not completely pass those higher prices","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1076.1,1078.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on to the retail sector in the short run.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1078.7,1082.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now in time, they do, costs are fully passed on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1082.9,1086.113"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Similarly when demand falls at the retail level","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1087.29,1091.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the lower demand is not immediately passed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1091.06,1093.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on to the farm sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1093.77,1096.703"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the price changes act as a shock absorber,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1097.98,1102.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now in the short run, but not in the long run.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1103.34,1106.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So in the short run,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1106.67,1107.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the price variation at the farm level is less","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1107.78,1111.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because of the shock absorber effect","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1111.15,1113.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1113.44,1114.763"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Number four.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1116.05,1117.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Even if the marketing sector is imperfectly competitive,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1117.58,1121.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it has not resulted","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1121.32,1122.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in chronic low rates of return to farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1122.64,1125.633"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Adequate size commercial farms over the years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1127.38,1130.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have earned rates of return on their resources,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1130.9,1133.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"comparable to what those resources could earn elsewhere.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1133.74,1137.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have examined the relationships for 1960, 65,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1140.2,1143.333"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"70, 75, 80, 82, 84.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1144.247,1145.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what I find in each year","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1148.63,1151.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that adequate size commercial farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1151.07,1154.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are earning a rate of return","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1154.02,1156.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"comparable to what those resources could earn elsewhere.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1156.26,1160.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now that's the good news.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1160.74,1161.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The bad news is, and I'm sorry to say this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1161.96,1165.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"most farms are neither of adequate size nor well managed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1165.16,1169.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Almost three fourths of farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1171.98,1174.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are not of a commercial size.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1174.54,1176.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That is, they have sales of below 40,000 a year","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1176.92,1180.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's not a large enough size to be efficient.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1180.97,1184.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I would add here","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1184.18,1186.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that a good manager of a medium-sized farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1186.17,1189.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is going to do better than a poor manager of a big farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1189.47,1192.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I find that economies of size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1192.71,1194.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now extend beyond a family size farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1194.88,1197.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of 250,000 sales a year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1197.38,1199.767"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And my findings are backed up by studies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1199.767,1204.767"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of them is the OTA report,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1204.82,1206.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Office of Technology Assessment Report,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1206.94,1210.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where economies of size were looked at","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1210.17,1212.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for farms around the country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1213.2,1215.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now it is true.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1215.57,1216.403"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Somebody said today, most economies of size,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1216.403,1219.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think Bruce said that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1219.64,1220.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"most economies of size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1220.6,1221.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are realized by a family size operation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1221.98,1224.913"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/368","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I would not dispute that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1225.92,1227.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would say maybe 90% of the economies of size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1227.31,1230.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are realized by a farm of 250,000.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1230.72,1233.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Although that differs by enterprise.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1233.14,1236.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We shouldn't generalize here to all enterprises.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1236.22,1239.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But some economies extend beyond,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1239.98,1244.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of those are production economies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1244.58,1246.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of those are marketing economies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1246.27,1247.707"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And some of those marketing economies are real.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1247.707,1250.243"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Marketing economies are two types, real and pecuniary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1251.3,1254.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A pecuniary economy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1254.53,1256.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"simply grows out of a bargaining advantage.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1256.07,1258.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you're bigger, you can get a better bargaining operation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1258.92,1262.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that is you can bargain for a better price.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1262.67,1265.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But if you're bigger,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1265.35,1266.513"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you're dealing with a firm, larger units,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1267.38,1271.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the firm can move those units more cheaply,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1271.52,1274.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/385","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the firm then can afford to pay you more","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1274.61,1276.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/386","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for your commodity.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1276.55,1278.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So large farms get input, price discounts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1278.06,1281.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and product price premiums.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1281.76,1284.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some of that is real","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1284.3,1285.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the sense that fewer sources are required","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1285.47,1288.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make those transactions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1288.72,1290.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Pecuniary economies, as I said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1290.53,1292.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are merely transfers because of bargaining power.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1292.92,1295.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All right, number six.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1299.38,1302.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Cooperatives provide alternative markets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1302.54,1305.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and yardsticks of performance.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1305.2,1307.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Nearly one third of farm inputs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1307.56,1311.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and about one third of farm outputs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1311.07,1313.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are marketed through cooperatives.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1313.33,1315.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that gives farmers some assurance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1316.57,1319.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of not being exploited by the marketing sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1319.59,1322.473"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Number eight.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1324.36,1325.293"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Even if the market were to raise farm prices","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1326.29,1329.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it would not necessarily result in more family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1329.56,1333.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Who do you think has had the fastest rate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1335.02,1337.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of decline in farms since my data in 1959, since 1960?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1337.79,1342.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The European community or the United States?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1345.17,1347.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The European community","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1347.37,1348.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has had very high rigid price supports.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1348.39,1351.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, because I asked the question","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1352.65,1354.267"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you probably can guess the answer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1354.267,1356.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The European community","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1356.03,1357.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has had a faster rate of decline in farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1357.22,1359.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"High farm prices","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1360.76,1362.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do not necessarily keep family farms from disappearing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1362.29,1366.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The principle reason that family farms disappear","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1367.33,1369.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is because of economies of size and operation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1369.77,1372.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And those economies of size and operation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1372.93,1375.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are due very heavily to the kinds of equipment used.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1375.35,1380.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The principal factor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1381.48,1382.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"underlying the change in structure of farms is technology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1382.9,1386.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I have done a study of the sources of changes","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1386.4,1389.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/423","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in farm size.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1389.23,1390.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/424","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Technology is by far the single most important factor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1390.65,1394.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The second most important factor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1394.5,1396.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the growth of all farm income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1396.03,1399.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/427","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That is with all farm income","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1399.13,1400.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/428","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"growing per capita rate of 2% a year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1400.81,1403.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"other things equal,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1403.46,1404.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"firms have to grow in the size by 2% a year,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1404.44,1407.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"just to keep up with those farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1407.24,1409.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Technology on the average over the last two or three decades","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1409.89,1413.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is caused farms to grow in size about 3% a year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1413.15,1416.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And by far the major source of that technology","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1416.67,1419.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/435","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been the tractor and its compliments.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1419.9,1421.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/436","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in that I would include the combine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1421.75,1424.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/437","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and related internal combustion engine machinery.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1424.42,1428.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/438","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Higher prices, in many ways","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1431.05,1433.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would make agriculture more attractive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1433.6,1435.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the large industrial corporation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1435.45,1438.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It would not necessarily preserve the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1438.25,1441.704"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And when when farms are sold today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1441.704,1445.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for whatever reason,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1445.56,1447.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who takes over those farms?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1447.4,1448.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's not Tenneco.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1448.85,1450.043"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's the family farm down the road, maybe next door.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1451.36,1455.503"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So family farms are taken over by family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1456.72,1459.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the reason is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1459.97,1460.803"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there are not sufficient economies of size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1460.803,1463.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to warrant the Tenneco's taking over agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1463.89,1467.393"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I want to turn to the grain export industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1471.84,1475.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not going to say a lot about it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1475.38,1477.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm going to begin with a quote from a fellow","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1480.15,1482.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the name of a Bird Bach,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1482.14,1484.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/455","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who States that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1485.1,1486.857"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/456","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Five companies maintain a stranglehold","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1486.857,1489.867"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"over the world grain supply\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1489.867,1492.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Earlier today, we heard the four companies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1492.33,1494.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know how the fifth one got in here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1494.35,1496.537"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"And constitute a food cartel","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1496.537,1498.497"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"unprecedented in world history.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1498.497,1501.027"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"They use their enormous size to manipulate the marketplace","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1501.027,1504.287"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"and maximize profits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1504.287,1505.587"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/464","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"at the expense of farmer and consumer alike\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1505.587,1508.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/465","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This was not a person who had done an in-depth study","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1508.72,1511.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/466","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the grain export industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1511.81,1513.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/467","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Among people who have done intensive studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1515.02,1518.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/468","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the grain export industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1518.0,1519.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/469","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the findings are very different.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1519.49,1521.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the findings is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1522.7,1523.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there are 395 firms actively engaged","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1523.533,1527.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/472","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in exporting farm products.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1527.97,1529.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/473","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That was in 1982, 83.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1529.89,1532.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Over 100 of these firms export greens.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1532.53,1537.403"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Entry is rather easy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1538.44,1539.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/476","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I was riding in the plane here about three years ago maybe.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1539.77,1543.133"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/477","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The guy riding with me by chance happened to be Ken Klaus,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1544.02,1547.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/478","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who is from Perkins, Oklahoma,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1547.94,1550.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/479","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"little town just South of Stillwater, where I live.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1550.64,1553.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/480","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He was from the American Agriculture Movement","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1553.85,1556.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/481","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and with great excitement, he said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1556.74,1559.297"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/482","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"You know we can get $8 a bushel for a wheat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1559.297,1562.837"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/483","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"in central America\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1562.837,1565.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I said, why isn't somebody grabbing this up?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1565.07,1568.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/485","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He says, \"It's part of the conspiracy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1568.93,1571.357"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/486","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We're going to go into business.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1571.357,1572.487"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/487","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We're going to set up equity incorporated.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1572.487,1575.137"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/488","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We're going to set up an export firm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1575.137,1576.787"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/489","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"and we're going to export.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1576.787,1577.767"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/490","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"And we're going to take advantage of that $8 wheat\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1577.767,1581.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/491","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, they did it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1581.16,1582.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/492","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They set up the firm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1583.01,1584.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/493","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but they didn't take advantage of the $8 wheat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1584.74,1587.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/494","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because there wasn't $8 wheat.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1587.22,1589.986"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, the export industry is incredibly competitive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1589.986,1593.733"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Grains are moved at very low cost per unit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1595.72,1600.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/497","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"through our grain marketing industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1600.45,1602.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/498","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The profit rate per bushel on grain exported","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1603.435,1607.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is less than two cents a bushel.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1607.0,1608.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are many cooperatives active in grain exporting.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1612.03,1615.613"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If there were giant profits to be made","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1616.95,1619.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the export industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1619.67,1621.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"entry is not difficult,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1621.47,1623.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and firms would jump in and take advantage of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1623.36,1626.383"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The reason that the Cargill's","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1627.87,1629.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and other large companies have been successful","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1629.63,1631.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that there are economies of size.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1631.77,1633.743"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And those economies of size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1635.08,1636.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are primarily information economies of size.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1636.68,1640.883"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Having strong base of knowledge","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1641.99,1646.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of what's going on in the export industry is very important.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1646.01,1649.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Also having representatives around the world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1649.79,1653.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to do an aggressive job of marketing is very important,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1653.25,1657.047"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and large companies have an advantage.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1657.047,1659.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So if you want to move grain at a very low cost per unit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1659.86,1664.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there is no more effective system in the whole world","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1664.23,1668.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than the system that moves the United States grain.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1668.32,1671.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now it's a paradox to me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1671.64,1673.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the people who complain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1673.14,1674.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/520","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about imperfect competition in the industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1674.8,1678.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/521","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"very frequently go on in the next breath","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1679.29,1681.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/522","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to say, what we really need is a state corporation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1681.88,1685.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/523","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to market all our grain.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1685.14,1686.403"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now state corporation is used.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1687.76,1689.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A single state corporation is used in a number of countries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1689.66,1693.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/526","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Canada uses the state corporation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1693.04,1695.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/527","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The performance of the Canadian state corporation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1695.02,1697.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been compared with the American system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1697.62,1699.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's an inconclusive issue","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1701.22,1706.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as to which is more efficient,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1706.22,1708.183"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we must remember","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1709.79,1710.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the American grain export industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1710.82,1713.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is far more complicated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1713.1,1714.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than the grain export industry in Canada.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1714.66,1718.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it would not be nearly as easy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1718.05,1720.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to have one firm operate all exports for the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1720.05,1725.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I have considerable confidence","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1726.72,1729.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it would not be very long","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1729.66,1731.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"before farmers would be complaining very vigorously","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1731.16,1734.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the performance of a single grain exporting industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1734.26,1737.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1737.62,1738.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In-depth studies of the us agricultural export industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1741.2,1746.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"report that, \"The popular conception of the export industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1747.33,1752.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"is one controlled by a cartel","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1752.377,1754.087"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"of major multinational corporations\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1754.087,1756.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not only is oversimplified, but is a misconception.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1756.11,1759.933"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/547","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Another study concluded that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1761.13,1762.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/548","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"Research has supported the grain export industry position","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1764.137,1767.497"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/549","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"that even though grain exports are dominated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1767.497,1769.847"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/550","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"by a few large firms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1769.847,1771.627"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/551","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"the industry still remains competitive and efficient\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1771.627,1775.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/552","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you don't believe that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1775.79,1777.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/553","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I suggest that you form an export corporation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1777.89,1780.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/554","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and get in the business and see how much profit you make.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1780.43,1783.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/555","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's not a difficult industry to get in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1783.75,1786.143"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/556","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I want to turn to the futures market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1787.08,1788.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/557","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Critics argue that the futures market is manipulated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1790.5,1794.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/558","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it's not efficient,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1794.14,1795.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/559","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's not a fair market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1795.13,1796.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/560","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Futures markets too have been studied in great depth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1797.62,1801.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/561","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, they've been studied and restudied,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1801.21,1804.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/562","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and again not by apologies for the futures market industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1804.47,1808.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/563","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These are people who are highly critical","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1808.59,1810.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/564","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the futures market,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1810.98,1812.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/565","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they would like nothing better","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1812.03,1814.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/566","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than to find some giant raffles in that industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1814.29,1817.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/567","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are absorbing funds that should go to producers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1817.32,1820.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have not found those rat holes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1821.66,1824.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/569","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There have been cases of abuse found","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1824.28,1827.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/570","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there have been practices found","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1827.12,1828.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that are not conducive to efficient operation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1828.82,1831.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the futures market industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1831.84,1833.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are regulatory agencies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1835.04,1837.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/574","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the federal government does exercise surveillance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1837.4,1840.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/575","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"over the futures market industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1840.59,1842.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/576","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in general, the abuses have been corrected.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1843.5,1846.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Another argument of critics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1849.7,1852.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that they say that no one should be allowed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1852.25,1854.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to trade a commodity in which he or she","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1854.42,1856.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/580","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"does not intend to receive physical delivery","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1857.496,1862.496"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/581","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or to make delivery.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1863.72,1864.963"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Speculators it should be remembered,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1866.3,1869.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are needed to serve on the opposite side of hedges,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1869.46,1872.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which reduce risk.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1872.23,1874.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It is quite true.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1874.12,1875.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As somebody mentioned earlier","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1875.04,1877.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that vastly more grain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1877.14,1879.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is traded in the futures market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1879.48,1881.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than is produced in the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1881.94,1884.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But one of the things you need to have","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1885.57,1886.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/591","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in an efficient and effective market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1886.99,1888.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/592","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a lot of liquidity in the market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1888.89,1891.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/593","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A thin market is not a very effective or efficient market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1891.24,1895.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/594","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the problems with a thin market is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1895.2,1897.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/595","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that you can't get in and buy or sell whenever you want to.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1897.31,1900.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/596","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And you can't get out whenever you want to.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1900.39,1903.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/597","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You have a more nearly perfect market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1905.09,1907.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/598","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a more competitive market,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1907.06,1908.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/599","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when you have a lot of trading","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1908.8,1910.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's what you have in the futures market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1910.37,1912.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/601","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's why grain exporting firms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1912.38,1915.417"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/602","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and a number of producers use the futures market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1915.417,1920.417"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/603","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for hedging purposes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1920.46,1921.923"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/604","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A minister came up to me one time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1923.9,1925.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/605","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and he said","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1925.69,1926.957"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/606","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"I think the futures market would be okay,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1926.957,1930.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/607","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"but I believe we have to pass a law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1931.267,1933.717"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/608","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"to keep the speculators out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1933.717,1936.013"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/609","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"We don't need the speculators in it\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1937.487,1940.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/610","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, that's a little bit like saying","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1940.03,1941.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/611","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that in the market for farm machinery,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1941.79,1943.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/612","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it would be a pretty good market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1943.7,1945.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/613","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if we could just keep the buyers out,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1945.18,1947.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/614","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we would just have the sellers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1948.501,1950.251"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/615","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What you need in a market is speculators and hedges.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1951.23,1955.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/616","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if you just have hedgers and no speculators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1956.18,1958.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/617","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's nobody to assume the risk.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1958.75,1961.043"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/618","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The speculator assumes risk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1962.123,1965.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/619","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they demand a payment of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1965.37,1967.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/620","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, they don't get much payment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1967.54,1969.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/621","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they get very low payment, most speculators lose money.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1969.92,1973.693"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/622","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And those who have speculated on the market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1975.49,1978.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/623","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are probably not surprised to hear that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1978.2,1980.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/624","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the price paid for a farmer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1981.88,1985.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/625","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or a grain exporter being able to pass on the risk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1985.49,1988.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/626","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is really fairly small.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1988.96,1990.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/627","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the criticisms of the critics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1992.26,1994.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/628","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the futures market lowers the average cash","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1994.09,1998.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/629","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or spot market price for farm commodities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=1998.56,2001.923"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/630","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have a friend","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2004.12,2004.953"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/631","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who was the man behind the very large sales","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2004.953,2009.953"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/632","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the Soviet union back in the 1970s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2010.08,2012.903"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/633","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I asked him this question,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2013.99,2015.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/634","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what would you say to the issue raised","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2015.96,2019.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/635","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that futures market on the average lowers cash prices","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2019.61,2024.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/636","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the market?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2025.45,2026.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/637","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And his answer was,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2027.55,2029.427"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/638","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"I had been able to make a lot of sales","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2029.427,2032.147"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/639","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"because I'd had the futures market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2032.147,2034.447"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/640","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"that I would not have been able to make otherwise\".","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2034.447,2038.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/641","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, when he sells wheat to the Soviets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2038.07,2041.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/642","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in large volume for delivery at some later point in time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2041.05,2044.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/643","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he's able to buy futures markets, to hedge that sale.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2044.66,2048.913"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/644","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So today, if the market price goes down,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2049.93,2053.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/645","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"well let's put it the other way.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2053.33,2054.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/646","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If the market price goes up in that period","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2054.63,2057.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/647","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after he's already made a contract","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2057.21,2059.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/648","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with say the Soviet union.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2059.01,2061.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/649","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If the market price goes up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2061.33,2063.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/650","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the futures market will also go up.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2063.76,2065.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/651","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So you'll make money on the futures market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2065.61,2067.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/652","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but he's gonna lose money","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2067.48,2068.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/653","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on his sale to the Soviet union.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2068.62,2070.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/654","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So by using the futures market,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2070.9,2072.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/655","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"he hedges his risk,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2072.74,2075.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/656","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and hence he can make a sale","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2075.09,2076.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/657","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that he otherwise could not take the risk on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2076.4,2078.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/658","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So in that sense, the futures market feeds the cash market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2080.05,2084.237"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/659","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it raises the price in the cash market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2084.237,2086.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/660","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because more can be sold.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2086.82,2088.403"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/661","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There had been some empirical studies, but not many.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2089.68,2092.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/662","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, I was unable to only locate one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2092.2,2094.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/663","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which looked at the relationship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2094.44,2095.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/664","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"between the use of futures markets and average cash prices.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2095.94,2100.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/665","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in that one study it indicated","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2100.6,2102.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/666","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that average cash prices have averaged higher","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2102.89,2107.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/667","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where futures markets are present.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2107.24,2109.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/668","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they took a commodity in this case, it was potatoes.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2109.52,2111.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/669","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In one period a futures market was operating","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2111.98,2114.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/670","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in another periods it was not.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2114.56,2116.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/671","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they made their calculation on that basis.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2116.63,2119.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/672","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Another question that comes up,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2120.39,2122.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/673","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"critics argue that futures markets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2122.94,2125.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/674","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"increase the variability of cash prices.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2125.1,2127.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/675","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, here there have been a number of empirical studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2127.6,2130.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/676","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and those empirical studies indicate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2130.0,2132.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that futures market reduce the variability","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2132.29,2136.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the cash market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2136.44,2137.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Furthermore, if you hedge,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2139.85,2141.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of course, you lock in a price","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2141.74,2143.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then your variability is reduced a great deal more.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2143.98,2147.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So again, there's no evidence","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2147.54,2150.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the futures market is the kind of market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2150.32,2155.115"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that hurts the farmer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2155.115,2157.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"unless the farmer makes the mistake","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2157.9,2159.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of speculating in the futures market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2159.39,2161.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/687","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's something that economists never recommend","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2161.32,2163.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/688","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2163.93,2165.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So farmers, the judgment is,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2165.45,2168.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/690","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are not exploited by the futures market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2168.61,2171.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Turning to farm inputs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2171.2,2173.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/692","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Fertilizers we talked a little bit about these","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2173.55,2176.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/693","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this afternoon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2176.65,2177.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/694","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The only fertilizer that poses somewhat of a problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2179.95,2183.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/695","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the potash market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2183.13,2184.983"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/696","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Currently about two thirds of us supplies of potash","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2186.36,2191.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/697","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"come from Saskatchewan.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2192.06,2193.773"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/698","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this Saskatchewan potash","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2195.25,2197.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/699","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is under the Potash Corporation of Saskatchewan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2197.52,2202.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/700","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is a government controlled corporation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2202.47,2204.893"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/701","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if that government control corporation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2205.82,2208.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/702","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"decides to extract monopoly prices and monopoly rent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2208.34,2212.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/703","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it certainly is in a position to do so.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2212.26,2215.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/704","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Many people are confident that it will not do so.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2215.1,2218.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/705","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Pesticides concentration is high.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2218.25,2220.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/706","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For example, the four largest firms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2221.82,2224.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/707","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"account for 87% of the corn herbicide market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2224.99,2228.763"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/708","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's a high concentration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2229.82,2231.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/709","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but the herbicide market is a precarious market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2233.15,2237.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/710","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At any one time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2237.4,2238.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/711","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a manufacturer of a herbicide","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2238.56,2240.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/712","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can be put out of business,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2240.23,2242.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/713","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by some other company","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2242.14,2243.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/714","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that comes up with a little better herbicide.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2243.23,2245.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/715","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's a very risky operation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2245.65,2247.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/716","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the leading position of companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2247.94,2251.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/717","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"changes place very quickly?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2251.36,2253.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/718","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's a fair amount of foreign competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2253.26,2255.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/719","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the development of herbicides.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2255.22,2257.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/720","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in general, there is some concern,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2257.55,2261.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/721","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but the feeling is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2261.62,2262.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/722","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the industry has been innovative","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2262.453,2265.945"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/723","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that at least at this time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2265.945,2267.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/724","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's not in a position to exploit farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2267.72,2271.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/725","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now there's another point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2271.66,2272.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/726","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I want to get across here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2272.76,2275.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/727","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If the input market has the characteristic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2279.36,2282.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/728","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that a higher price reduces sales of that input","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2283.29,2286.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/729","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"enough to reduce costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2286.96,2289.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/730","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if the product market is inelastic enough","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2291.03,2295.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/731","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that less use of that insecticide reduces output.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2295.57,2300.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/732","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And with the inelastic demand, you raise receipts,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2301.85,2305.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/733","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a higher price for the input","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2305.51,2307.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/734","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"lowers costs to farmers for that input,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2307.82,2310.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/735","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they pay less for it and you get more receipts.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2310.73,2315.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/736","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are a number of inputs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2315.31,2316.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/737","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that farmers use where attacks on the input","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2316.54,2320.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/738","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would actually raise net farm income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2320.29,2322.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/739","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now that's only true in the long run","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2323.24,2324.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/740","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it appears to be true","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2324.91,2326.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/741","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the case of pesticides and fertilizers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2326.35,2329.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/742","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact, one economist Willard Thorp","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2329.55,2331.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/743","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"even recommended that a heavy tax be placed on fertilizer","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2331.75,2335.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/744","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to raise farm income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2335.97,2337.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/745","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So even if the agribusiness sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2338.12,2340.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/746","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is exploiting farmers, in a sense,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2340.97,2344.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/747","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by charging an overly high price,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2344.33,2346.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/748","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"even time, at least,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2347.73,2349.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/749","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the indications are that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2349.23,2350.063"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/750","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they would actually raise farm income.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2350.063,2352.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/751","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because it would cut down on productivity","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2352.93,2355.738"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/752","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and this would raise farm receipts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2355.738,2357.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/753","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it would also cover costs, reduce costs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2357.46,2360.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/754","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Seed.\nIn 1979, we set up conditions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2361.69,2366.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/755","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to create a monopoly in seed.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2366.57,2369.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/756","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have the Plant Variety Protection ACT of 1979,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2369.48,2373.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/757","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which granted patent protection to novel life forms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2374.48,2379.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/758","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This was designed to promote innovation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2381.65,2384.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/759","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it does give monopoly power.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2385.63,2387.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/760","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At least for the life of the patent.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2387.65,2389.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/761","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We still don't have enough experience","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2393.37,2395.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/762","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with this law to know what's gonna happen out of it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2395.37,2398.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/763","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"My hunch is that it's going to speed innovation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2398.63,2401.133"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/764","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, one of the disadvantages of this law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2402.43,2404.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/765","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that once a technology is developed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2404.61,2409.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/766","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it doesn't cost any more to reproduce that technology","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2410.95,2414.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/767","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by putting out more of a pesticide,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2414.46,2416.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/768","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then according to economics","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2418.29,2419.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/769","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you shouldn't charge extra for that development cost.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2419.92,2424.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/770","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now this afternoon,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2424.83,2426.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/771","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we talked about the question of appropriate ability.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2426.57,2428.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/772","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the problems in developing a pesticide","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2428.98,2431.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/773","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or (indistinct) or whatever,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2431.63,2433.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/774","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that in many cases, once you produced it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2433.67,2435.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/775","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and somebody else can reproduce it pretty easily,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2435.89,2438.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/776","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the firm that develops that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2438.1,2439.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/777","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"cannot get compensated for the development costs","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2439.54,2441.893"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/778","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it put into it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2441.893,2443.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/779","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in a situation like that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2443.71,2445.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/780","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"firms are not going to innovate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2445.37,2447.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/781","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they can't make any money on it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2447.14,2449.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/782","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that's why they put the patent protection law on it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2449.16,2452.685"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/783","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the idea is that any monopoly exploitation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2452.685,2455.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/784","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that comes about because of the patent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2455.64,2457.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/785","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is more than offset","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2457.69,2459.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/786","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the fact that there is more innovation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2459.91,2462.323"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/787","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So that's a mixed blessing also.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2463.33,2465.553"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/788","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Turn to farm machinery.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2468.46,2470.193"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/789","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We should not make fun of of John Deere.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2477.68,2480.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/790","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They've done exceedingly well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2480.97,2482.983"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/791","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They now control about 50% of the market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2484.4,2487.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/792","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in major farm implements.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2487.89,2489.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/793","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have done that through excellent performance.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2491.09,2495.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/794","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have been more innovative.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2495.92,2497.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/795","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They have been more aggressive in many cases.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2500.08,2502.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/796","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They've had a better dealer network.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2502.56,2504.453"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/797","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In short they've done the kind of things","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2505.51,2508.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/798","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that have made machinery attractive to farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2508.53,2511.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/799","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"International Harvester,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2512.91,2514.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/800","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which had 25% of the market not too long ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2514.51,2518.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/801","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of course went bankrupt.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2518.14,2519.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/802","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We talked about it again this afternoon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2521.14,2523.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/803","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A lot of people are worried about this high concentration.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2524.38,2527.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/804","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The many firms that have gone broke","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2527.48,2529.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/805","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be very shocked","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2529.89,2531.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/806","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to know that they'd been exploiting farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2531.31,2533.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/807","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by overpricing and by getting big monopoly profits.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2533.51,2537.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/808","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When I was growing up, we had Minneapolis Mullins around,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2538.29,2541.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/809","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we had Oliver tractors around and so forth,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2541.34,2543.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/810","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and those companies have gone out of business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2543.78,2546.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/811","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"been absorbed by other companies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2546.71,2549.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/812","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's been the trend.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2549.15,2550.843"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/813","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We're getting a very concentrated farm machinery industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2552.49,2555.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/814","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not too concerned about this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2555.78,2558.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/815","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the reason I'm not too concerned about it is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2558.11,2561.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/816","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there are machinery manufacturers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2561.3,2564.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/817","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many of them which already have dealerships","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2564.15,2566.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/818","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the United States from Canada,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2566.73,2568.763"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/819","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from Japan, from Germany, even from Russia","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2569.67,2574.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/820","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that would just dearly love to jump","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2575.72,2577.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/821","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"into the farm machinery market,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2577.61,2579.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/822","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if the opening were there, and they would.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2579.98,2584.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/823","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I think there's going to be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2584.06,2586.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/824","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a good deal of competition there.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2586.41,2588.273"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/825","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I want to turn to labor for a minute or so.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2589.48,2592.153"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/826","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In theory, imperfect competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2594.9,2598.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/827","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in only one market, labor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2598.11,2601.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/828","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"can explain economic returns chronically","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2602.47,2605.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/829","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but lower returns elsewhere in the farm economy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2605.72,2609.683"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/830","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Only one resource labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2610.77,2612.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/831","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No matter how much imperfect competition there is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2614.04,2619.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/832","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the marketing sector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2619.64,2621.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/833","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if farm labor is mobile","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2622.36,2624.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/834","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's not going to earn low returns.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2624.63,2627.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/835","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"This is a terribly important point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2627.01,2628.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/836","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so I'm gonna repeat it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2628.55,2629.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/837","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No matter how much imperfect competition there is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2630.66,2633.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/838","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the marketing sector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2633.89,2635.313"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/839","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if farm resources are mobile","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2636.81,2638.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/840","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"agricultural resource labor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2640.72,2644.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/841","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will not be earning low returns","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2644.15,2646.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/842","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"relative to those in other sectors.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2646.2,2648.653"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/843","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's funny how little work has been done on labor,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2650.08,2652.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/844","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because it is so important.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2653.77,2655.323"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/845","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Farm labor is not very responsive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2656.8,2659.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/846","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to wages or prices in the short run.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2659.93,2663.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/847","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It is very responsive in the long run.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2663.41,2665.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/848","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"People have moved out from agriculture by the millions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2666.6,2671.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/849","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So major changes have been made.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2671.17,2675.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/850","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A lot of technological change","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2677.91,2679.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/851","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has taken place in agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2679.74,2681.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/852","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A lot of labor has been displaced.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2681.3,2683.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/853","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in my judgment, we have been remiss","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2683.16,2685.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/854","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in not providing adequate training programs.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2685.95,2689.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/855","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think we should do a much better job","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2689.17,2691.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/856","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of providing general and vocational education","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2691.37,2694.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/857","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"job information, counseling and relocation assistance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2694.69,2697.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/858","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as well as removal of mobility barriers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2698.82,2701.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/859","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"such as the union shop and race, sex,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2701.7,2706.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/860","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and age discrimination.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2706.06,2707.663"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/861","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"These efforts can accomplish much more","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2708.83,2712.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/862","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than any other public effort, in my judgment,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2712.04,2715.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/863","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to improve economic conditions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2715.27,2717.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/864","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of farm people in the long run.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2717.36,2720.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/865","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I want to tell you here","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2720.03,2722.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/866","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I am far more concerned about the farm family","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2722.32,2726.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/867","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than I am about the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2727.27,2729.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/868","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It seems to me, this needs to be our focus,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2729.07,2731.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/869","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a concern with a farm family.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2731.6,2734.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/870","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we should divert some of our attention","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2734.35,2737.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/871","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2737.16,2739.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/872","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Credit.\nCredit is by far","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2739.14,2742.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/873","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the biggest single farm expense, 20 billion a year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2742.07,2746.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/874","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So it has a lot to do with economic distance near farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2746.75,2750.093"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/875","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Are farmers exploited in credit markets?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2752.17,2754.543"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/876","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The financial crisis has been caused to a great extent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2756.06,2759.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/877","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by high real interest rates.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2760.67,2762.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/878","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so it would be logical to blame the credit markets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2762.97,2766.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/879","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the difficulty.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2766.74,2767.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/880","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"About half of the institutional credit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2769.07,2771.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/881","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"provided on a short-term basis,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2771.64,2773.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/882","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is provided either by cooperative","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2773.48,2775.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/883","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or federal lending institutions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2775.53,2779.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/884","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And about three fours of the long-term credit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2779.16,2782.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/885","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is provided by federal and cooperative credit institutions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2782.76,2786.513"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/886","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's very hard in the face of that kind of competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2787.36,2791.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/887","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the private sector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2791.1,2792.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/888","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the private agribusiness sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2792.38,2793.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/889","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to exploit farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=2793.95,2795.353"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31434/annotation/890","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/031/434/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.vtt?1627046004","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/031/434/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.vtt?1627046004"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31435","type":"AnnotationPage","label":{"en":["AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_a.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278/transcript/31435/annotation/891","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- welcome to the third session of the Fourth Annual Conference on Religious Ethics and Technological Change, called, Is there a conspiracy against family farmers? For those of you who missed the two sessions this afternoon let me give you a brief account of what has happened. In the first session I gave a lecture in which I discussed the history of this conference, which originated last year. And at that conference called, Is there a moral obligation to save the family farm? My colleague, Tony Smith, and Bishop Maurice Dingman of Des Moines, charged the family farmers were being squeezed out of business by powerful conglomerate firms in farm input and food manufacturing. Our speaker tonight, Professor Luther Tweeten, took great exception to the remark and a debate ensued that was covered by the national media and gave eyes to several articles by all of the participants. And I was sure that it merited a followup conference. And your presence here tonight is confirmed my view about that. In the first lecture this afternoon I think we learned a couple of things. One that there's a distinction between conspiracy theories and complicity theories. And conspiracy theories are simply false. There is no international Jewish click of bankers controlling the farm economy and squeezing them out of business, period. The second claim that I think Tony Smith and Bishop Dingman were making was that at a much lower level at the agribusiness level, there were acts of collusion going on, insider information, and non-competitive sectors of the economy which were depressing prices for farmers. And that was helping to drive farmers out of business. In the second lecture this afternoon, Dr. Bruce Marion responded to that question and he asked, \"To what extent does monopoly power \"contribute to the farm crisis?\" And his answer was, \"A very small amount\". He said non competitive sectors are important in some parts of the agricultural economy but he minimized the importance of those markets. He pointed out that the most important factor in the farm crisis has probably been the development of fiscal and monetary policy, coupled with things like the development of technology and research and development, and more recently foreign competition. I think I'm getting a fair account. But he did point out that in some sectors, There has been evidence that he and his colleagues have discovered poor competition. Tonight Professor Luther Tweeten addresses the same question. Are monopolies squeezing family farmers out of business. Professor Tweeten is Regions Professor of Agricultural Economics at Oklahoma state University and really needs no extensive introduction. And so I will not give him one here. He is however, the author of many articles and an important book called, \"The Causes and Consequences of Structural Change \"in the Farming Industry\". After his lecture Professor Bruce Marion will respond, and I've invited Mr. George Naylor to respond as well. I hope George gets here soon. Tomorrow at 3:00 PM Professor John Hart of Montana college will turn our attention to questions of value, cultural ideals and Catholics theology. That session will be back up in the gallery in this building. And then tomorrow night, Michael Novak will address the same subject, Catholic theology and capitalist agricultural economics in this room. Now Professor Tweeten.\r\n\r\n- First of all, I was able to get in a number of comments this afternoon and I noticed that somebody just replayed those a second ago. Before we begin I want to beg your indulgence just a moment. And I want to call your attention to a very, very wonderful lady who has meant a lot to me over the years. It's Marian Hetty, who's husband Earl was my mentor, sometimes tormentor, I guess, for a number of years. And I owe a deep debt of gratitude to Earl Hetty. And I would just like to single out Marian because she has been so tremendous over the years. And Earl certainly was a vast international success on his own, but but Marian always contributed greatly to that. And so Marian, would you stand up please? What I want to discuss tonight is the issue of our farmers exploited by the agribusiness sector. Just to make it very simple. Our farmers exploited by the agribusiness sector. And I'm going to organize my presentation in a number of ways. First of all, I'm going to divide the agribusiness sector into two components. The first of these components is the product marketing sector. And the second component is the input supply sector. Within the product marketing sector I'm going to talk about three components. One is basically the marketing industries as a whole. And secondly, two components of the marketing industry that had been a frequent target of vilification on the part of populous movements. And one of those is the grain export industry and another is the futures market. The other general area that I'm going to talk about is the input supply industry. And I'll talk about a number of components of that input supply industry. It's a very important industry and we would not be able to do an adequate job of looking at whether farmers are exploited by the agribusiness sector without looking at the agribusiness industry. So first then turning to farm marketing and specifically to food marketing. Consumers spent $350 billion for food in 1985. What I should do here, a the typical classroom atmosphere is to ask you what percent of that 355 billion, but to make it a little simpler, what percent of each consumer food dollar do you think goes to the marketing sector for profit? You think it's over 50%? Do you think it's five to 50% or do you think it's 5% or less? Well, I'm not going to put anybody on the spot. The fact is that 5% of what the consumer spends on food goes for profit. The food that is consumed at home. The farmer gets 31 cents of the consumer food dollar, which means that the marketing sector gets 69%. Many groups have viewed that 69% as a cost an unnecessary cost. But another way to view it is that it's value added. Place, form, convenience, utility is being added to that food. And it's a characteristic of people that as their incomes go up, instead of spending more for the basic farm raw materials, eating more potatoes, eating more wheat and so forth. They prefer as their incomes go up to spend their discretionary income on more services. And so place, form and time utility become more important to them, and they pay additional amounts for processing. And so much of that growth in the market share that goes to the marketing sector is a result of that increased demand for marketing services and convenience on the part of the housewife. All right, now the question is, well, first of all, Americans receive the highest quality and quantity per capita of food, of any country in the world. They spend about 14% of their income for food. And they get a lot for what they spend. But one thing we ought to keep in mind here is that efficiency and equity are very important. And it's not just a matter of how much consumers spend for food. Much of the question is, is there greater efficiency that could be worked into this sector. Efficiency that would be passed along as gains to both farmers and consumers? My conclusion is that there is imperfect competition in the marketing sector. There are inefficiencies. In some cases, there is excess profit. In some cases there is excess advertising but on the whole, changes in the food marketing sector would not bring significant changes to farm problems. And with farm problems I'm talking about cost price squeeze, the demise of the family farm, that is reduction in number of family farms, price and income variability. These kinds of problems that farmers face and are very real. Please don't anybody go away from this saying that Clayton doesn't think farm problems are very real. They are very real. The issue is what is the role of agribusiness in causing these farm problems? For a number of reasons opportunities for changes in the marketing sector that would reduce farm problems are fairly slim. Let me cite some of those reasons. A number of studies have indicated inefficiencies in the marketing sector. And we've already talked about this. The Parker Conner study, for example. They found that because of monopoly elements in the food manufacturing industry, consumers were being charged $12 million more than they would have been if the sector would have been competitive, if they'd been less concentration. We also found out that in the case of beef packing, for example, the estimate was that prices to farmers could have been up to 47 cents per a hundred weighed higher, if there had been less concentration in the packing industry. I might say that others have done studies particularly of the food manufacturing industry, and it found estimates that are far less. Furthermore critics who have examined the Parker Connor study, for example, have objected violently to those estimates. They simply don't believe them. They say that the costs are far less and that the costs of monopoly are far over estimated. And some of these critics include Ward, Greek, Bullock, strongly object. Ward, Bullock and others also strongly object to the Parker findings. And so among economists, there's a great deal of disagreement as to the monopoly costs in the food sector. So part of the problem is not everybody goes along with this idea that there are large inefficiencies due to monopoly pricing and so forth in the marketing sector. Secondly, even if the very highest estimates of costs due to imperfect competition in the marketing sector were accepted, it does not follow that an alternative system would entail less social costs. Even if the marketing sector were atomistic and hence composed of thousands of firms, costs might actually be higher to consumers and prices lower to farmers. Because farms would be too to be efficient. There are economies of size in the marketing sector and not all economists agree as to what is an efficient size packing plant, for example. The NC 117 Committee has one estimate Clem Ward has another estimate. And if you take Clem Ward's estimate as a measure of the most efficient size of plant then many of the NC 117 findings don't hold up. In fact, it's very possible, but if you atomized, that is made into thousands of firms, the marketing sector costs would rise both to consumers and on the other hand, prices to farmers would decline. We're awfully tempted when we see elements of imperfect competition to recommend changes to improve the sector. And in some cases it's totally appropriate to make those changes, but I have seen over and over and over again where we've seen inefficiencies and we make changes. And the costs of our changes are greater than the costs of the inefficiencies we're trying to correct. Third, even if inefficiency in marketing is large and could be eliminated at low cost, farm problems would remain essentially unchanged. Even if we eliminated monopoly profits and I've made some very, very generous estimates on this. And in fact almost any economists would say these estimates are absolutely outrageous, but at the very most, if we made every change possible that we could in the marketing sector farmers might gain a little over $4 billion. Now the American Agriculture Movement guys would say, well that should help a lot. And it would, it would help a lot. But the fundamental problem of the commercial farming industry is instability. It's annual and cyclical, instability of income. And sometimes those cycles run for an extended period of time, such as in the 1980s. And I don't blame farmers a bit if they feel that the cycles of low incomes are a lot longer than the cycles of high income. That's the way it seems. But eliminating imperfection in the marketing sector would not deal with that income instability problem. Furthermore, one of the characteristics, and studies bear this out. One of the characteristics of the marketing sector is that it behaves as a shock absorber, that is as prices at the farm go up, the marketing sector does not completely pass those higher prices on to the retail sector in the short run. Now in time, they do, costs are fully passed on. Similarly when demand falls at the retail level the lower demand is not immediately passed on to the farm sector. So the price changes act as a shock absorber, now in the short run, but not in the long run. So in the short run, the price variation at the farm level is less because of the shock absorber effect of the marketing sector. Number four. Even if the marketing sector is imperfectly competitive, it has not resulted in chronic low rates of return to farmers. Adequate size commercial farms over the years have earned rates of return on their resources, comparable to what those resources could earn elsewhere. I have examined the relationships for 1960, 65, 70, 75, 80, 82, 84. And what I find in each year is that adequate size commercial farms are earning a rate of return comparable to what those resources could earn elsewhere. Now that's the good news. The bad news is, and I'm sorry to say this, most farms are neither of adequate size nor well managed. Almost three fourths of farms are not of a commercial size. That is, they have sales of below 40,000 a year and that's not a large enough size to be efficient. Now I would add here that a good manager of a medium-sized farm is going to do better than a poor manager of a big farm. I find that economies of size now extend beyond a family size farm of 250,000 sales a year. And my findings are backed up by studies. One of them is the OTA report, the Office of Technology Assessment Report, where economies of size were looked at for farms around the country. Now it is true. Somebody said today, most economies of size, I think Bruce said that, most economies of size are realized by a family size operation. And I would not dispute that. I would say maybe 90% of the economies of size are realized by a farm of 250,000. Although that differs by enterprise. We shouldn't generalize here to all enterprises. But some economies extend beyond, some of those are production economies some of those are marketing economies. And some of those marketing economies are real. Marketing economies are two types, real and pecuniary. A pecuniary economy simply grows out of a bargaining advantage. If you're bigger, you can get a better bargaining operation, that is you can bargain for a better price. But if you're bigger, when you're dealing with a firm, larger units, the firm can move those units more cheaply, and the firm then can afford to pay you more for your commodity. So large farms get input, price discounts and product price premiums. Some of that is real in the sense that fewer sources are required to make those transactions. Pecuniary economies, as I said, are merely transfers because of bargaining power. All right, number six. Cooperatives provide alternative markets and yardsticks of performance. Nearly one third of farm inputs and about one third of farm outputs are marketed through cooperatives. And that gives farmers some assurance of not being exploited by the marketing sector. Number eight. Even if the market were to raise farm prices it would not necessarily result in more family farms. Who do you think has had the fastest rate of decline in farms since my data in 1959, since 1960? The European community or the United States? The European community has had very high rigid price supports. Well, because I asked the question and you probably can guess the answer. The European community has had a faster rate of decline in farms. High farm prices do not necessarily keep family farms from disappearing. The principle reason that family farms disappear is because of economies of size and operation. And those economies of size and operation are due very heavily to the kinds of equipment used. The principal factor underlying the change in structure of farms is technology. And I have done a study of the sources of changes in farm size. Technology is by far the single most important factor. The second most important factor is the growth of all farm income. That is with all farm income growing per capita rate of 2% a year, other things equal, firms have to grow in the size by 2% a year, just to keep up with those farms. Technology on the average over the last two or three decades is caused farms to grow in size about 3% a year. And by far the major source of that technology has been the tractor and its compliments. And in that I would include the combine and related internal combustion engine machinery. Higher prices, in many ways would make agriculture more attractive to the large industrial corporation. It would not necessarily preserve the family farm. And when when farms are sold today for whatever reason, who takes over those farms? It's not Tenneco. It's the family farm down the road, maybe next door. So family farms are taken over by family farms. And the reason is that there are not sufficient economies of size to warrant the Tenneco's taking over agriculture. Now I want to turn to the grain export industry. I'm not going to say a lot about it. I'm going to begin with a quote from a fellow by the name of a Bird Bach, who States that, \"Five companies maintain a stranglehold \"over the world grain supply\". Earlier today, we heard the four companies. I don't know how the fifth one got in here. \"And constitute a food cartel \"unprecedented in world history. \"They use their enormous size to manipulate the marketplace \"and maximize profits \"at the expense of farmer and consumer alike\". This was not a person who had done an in-depth study of the grain export industry. Among people who have done intensive studies of the grain export industry the findings are very different. One of the findings is that there are 395 firms actively engaged in exporting farm products. That was in 1982, 83. Over 100 of these firms export greens. Entry is rather easy. I was riding in the plane here about three years ago maybe. The guy riding with me by chance happened to be Ken Klaus, who is from Perkins, Oklahoma, little town just South of Stillwater, where I live. He was from the American Agriculture Movement and with great excitement, he said, \"You know we can get $8 a bushel for a wheat \"in central America\". And I said, why isn't somebody grabbing this up? He says, \"It's part of the conspiracy. \"We're going to go into business. \"We're going to set up equity incorporated. \"We're going to set up an export firm \"and we're going to export. \"And we're going to take advantage of that $8 wheat\". Well, they did it. They set up the firm, but they didn't take advantage of the $8 wheat because there wasn't $8 wheat. In fact, the export industry is incredibly competitive. Grains are moved at very low cost per unit through our grain marketing industry. The profit rate per bushel on grain exported is less than two cents a bushel. There are many cooperatives active in grain exporting. If there were giant profits to be made in the export industry, entry is not difficult, and firms would jump in and take advantage of it. The reason that the Cargill's and other large companies have been successful is that there are economies of size. And those economies of size are primarily information economies of size. Having strong base of knowledge of what's going on in the export industry is very important. Also having representatives around the world to do an aggressive job of marketing is very important, and large companies have an advantage. So if you want to move grain at a very low cost per unit there is no more effective system in the whole world than the system that moves the United States grain. Now it's a paradox to me that the people who complain about imperfect competition in the industry very frequently go on in the next breath to say, what we really need is a state corporation to market all our grain. Now state corporation is used. A single state corporation is used in a number of countries. Canada uses the state corporation. The performance of the Canadian state corporation has been compared with the American system. It's an inconclusive issue as to which is more efficient, but we must remember that the American grain export industry is far more complicated than the grain export industry in Canada. And it would not be nearly as easy to have one firm operate all exports for the United States. And I have considerable confidence that it would not be very long before farmers would be complaining very vigorously about the performance of a single grain exporting industry for the United States. In-depth studies of the us agricultural export industry report that, \"The popular conception of the export industry \"is one controlled by a cartel \"of major multinational corporations\". Not only is oversimplified, but is a misconception. Another study concluded that, \"Research has supported the grain export industry position \"that even though grain exports are dominated \"by a few large firms, \"the industry still remains competitive and efficient\". And if you don't believe that, I suggest that you form an export corporation and get in the business and see how much profit you make. It's not a difficult industry to get in. I want to turn to the futures market. Critics argue that the futures market is manipulated that it's not efficient, it's not a fair market. Futures markets too have been studied in great depth. In fact, they've been studied and restudied, and again not by apologies for the futures market industry. These are people who are highly critical of the futures market, and they would like nothing better than to find some giant raffles in that industry that are absorbing funds that should go to producers. They have not found those rat holes. There have been cases of abuse found there have been practices found that are not conducive to efficient operation of the futures market industry. There are regulatory agencies, the federal government does exercise surveillance over the futures market industry. And in general, the abuses have been corrected. Another argument of critics is that they say that no one should be allowed to trade a commodity in which he or she does not intend to receive physical delivery or to make delivery. Speculators it should be remembered, are needed to serve on the opposite side of hedges, which reduce risk. It is quite true. As somebody mentioned earlier that vastly more grain is traded in the futures market than is produced in the United States. But one of the things you need to have in an efficient and effective market is a lot of liquidity in the market. A thin market is not a very effective or efficient market. One of the problems with a thin market is that you can't get in and buy or sell whenever you want to. And you can't get out whenever you want to. You have a more nearly perfect market a more competitive market, when you have a lot of trading and that's what you have in the futures market. And that's why grain exporting firms and a number of producers use the futures market for hedging purposes. A minister came up to me one time and he said \"I think the futures market would be okay, \"but I believe we have to pass a law \"to keep the speculators out. \"We don't need the speculators in it\". Well, that's a little bit like saying that in the market for farm machinery, it would be a pretty good market if we could just keep the buyers out, and we would just have the sellers. What you need in a market is speculators and hedges. And if you just have hedgers and no speculators there's nobody to assume the risk. The speculator assumes risk and they demand a payment of it. In fact, they don't get much payment, they get very low payment, most speculators lose money. And those who have speculated on the market are probably not surprised to hear that. So the price paid for a farmer or a grain exporter being able to pass on the risk is really fairly small. One of the criticisms of the critics is that the futures market lowers the average cash or spot market price for farm commodities. I have a friend who was the man behind the very large sales to the Soviet union back in the 1970s. And I asked him this question, what would you say to the issue raised that futures market on the average lowers cash prices in the market? And his answer was, \"I had been able to make a lot of sales \"because I'd had the futures market \"that I would not have been able to make otherwise\". In other words, when he sells wheat to the Soviets in large volume for delivery at some later point in time he's able to buy futures markets, to hedge that sale. So today, if the market price goes down, well let's put it the other way. If the market price goes up in that period after he's already made a contract with say the Soviet union. If the market price goes up the futures market will also go up. So you'll make money on the futures market but he's gonna lose money on his sale to the Soviet union. So by using the futures market, he hedges his risk, and hence he can make a sale that he otherwise could not take the risk on. So in that sense, the futures market feeds the cash market and it raises the price in the cash market because more can be sold. There had been some empirical studies, but not many. In fact, I was unable to only locate one which looked at the relationship between the use of futures markets and average cash prices. And in that one study it indicated that average cash prices have averaged higher where futures markets are present. And they took a commodity in this case, it was potatoes. In one period a futures market was operating in another periods it was not. And they made their calculation on that basis. Another question that comes up, critics argue that futures markets increase the variability of cash prices. Now, here there have been a number of empirical studies and those empirical studies indicate that futures market reduce the variability in the cash market. Furthermore, if you hedge, of course, you lock in a price and then your variability is reduced a great deal more. So again, there's no evidence that the futures market is the kind of market that hurts the farmer, unless the farmer makes the mistake of speculating in the futures market. And that's something that economists never recommend that they do. So farmers, the judgment is, are not exploited by the futures market. Turning to farm inputs. Fertilizers we talked a little bit about these this afternoon. The only fertilizer that poses somewhat of a problem is the potash market. Currently about two thirds of us supplies of potash come from Saskatchewan. And this Saskatchewan potash is under the Potash Corporation of Saskatchewan which is a government controlled corporation. And if that government control corporation decides to extract monopoly prices and monopoly rent it certainly is in a position to do so. Many people are confident that it will not do so. Pesticides concentration is high. For example, the four largest firms account for 87% of the corn herbicide market. That's a high concentration but the herbicide market is a precarious market. At any one time, a manufacturer of a herbicide can be put out of business, by some other company that comes up with a little better herbicide. It's a very risky operation. And the leading position of companies changes place very quickly? There's a fair amount of foreign competition in the development of herbicides. And in general, there is some concern, but the feeling is that the industry has been innovative and that at least at this time, it's not in a position to exploit farmers. Now there's another point that I want to get across here. If the input market has the characteristic that a higher price reduces sales of that input enough to reduce costs. And if the product market is inelastic enough so that less use of that insecticide reduces output. And with the inelastic demand, you raise receipts, a higher price for the input lowers costs to farmers for that input, they pay less for it and you get more receipts. There are a number of inputs that farmers use where attacks on the input would actually raise net farm income. Now that's only true in the long run and it appears to be true in the case of pesticides and fertilizers. In fact, one economist Willard Thorp even recommended that a heavy tax be placed on fertilizer to raise farm income. So even if the agribusiness sector is exploiting farmers, in a sense, by charging an overly high price, even time, at least, the indications are that they would actually raise farm income. Because it would cut down on productivity and this would raise farm receipts and it would also cover costs, reduce costs. Seed. In 1979, we set up conditions to create a monopoly in seed. We have the Plant Variety Protection ACT of 1979, which granted patent protection to novel life forms. This was designed to promote innovation but it does give monopoly power. At least for the life of the patent. We still don't have enough experience with this law to know what's gonna happen out of it. My hunch is that it's going to speed innovation. Now, one of the disadvantages of this law is that once a technology is developed and it doesn't cost any more to reproduce that technology by putting out more of a pesticide, then according to economics you shouldn't charge extra for that development cost. Now this afternoon, we talked about the question of appropriate ability. One of the problems in developing a pesticide or or whatever, is that in many cases, once you produced it and somebody else can reproduce it pretty easily, the firm that develops that cannot get compensated for the development costs that it put into it. And in a situation like that, firms are not going to innovate because they can't make any money on it. So that's why they put the patent protection law on it. And the idea is that any monopoly exploitation that comes about because of the patent is more than offset by the fact that there is more innovation. So that's a mixed blessing also. Turn to farm machinery. We should not make fun of of John Deere. They've done exceedingly well. They now control about 50% of the market in major farm implements. They have done that through excellent performance. They have been more innovative. They have been more aggressive in many cases. They've had a better dealer network. In short they've done the kind of things that have made machinery attractive to farmers. International Harvester, which had 25% of the market not too long ago, of course went bankrupt. We talked about it again this afternoon. A lot of people are worried about this high concentration. The many firms that have gone broke would be very shocked to know that they'd been exploiting farmers by overpricing and by getting big monopoly profits. When I was growing up, we had Minneapolis Mullins around, we had Oliver tractors around and so forth, and those companies have gone out of business been absorbed by other companies. And that's been the trend. We're getting a very concentrated farm machinery industry. I'm not too concerned about this. And the reason I'm not too concerned about it is that there are machinery manufacturers, many of them which already have dealerships in the United States from Canada, from Japan, from Germany, even from Russia that would just dearly love to jump into the farm machinery market, if the opening were there, and they would. So I think there's going to be a good deal of competition there. Now I want to turn to labor for a minute or so. In theory, imperfect competition in only one market, labor, can explain economic returns chronically but lower returns elsewhere in the farm economy. Only one resource labor. No matter how much imperfect competition there is in the marketing sector, if farm labor is mobile it's not going to earn low returns. This is a terribly important point so I'm gonna repeat it. No matter how much imperfect competition there is in the marketing sector, if farm resources are mobile agricultural resource labor will not be earning low returns relative to those in other sectors. It's funny how little work has been done on labor, because it is so important. Farm labor is not very responsive to wages or prices in the short run. It is very responsive in the long run. People have moved out from agriculture by the millions. So major changes have been made. A lot of technological change has taken place in agriculture. A lot of labor has been displaced. And in my judgment, we have been remiss in not providing adequate training programs. I think we should do a much better job of providing general and vocational education job information, counseling and relocation assistance as well as removal of mobility barriers, such as the union shop and race, sex, and age discrimination. These efforts can accomplish much more than any other public effort, in my judgment, to improve economic conditions of farm people in the long run. And I want to tell you here that I am far more concerned about the farm family than I am about the family farm. It seems to me, this needs to be our focus, a concern with a farm family. And we should divert some of our attention from the family farm. Credit. Credit is by far the biggest single farm expense, 20 billion a year. So it has a lot to do with economic distance near farmers. Are farmers exploited in credit markets? The financial crisis has been caused to a great extent by high real interest rates. And so it would be logical to blame the credit markets for the difficulty. About half of the institutional credit provided on a short-term basis, is provided either by cooperative or federal lending institutions. And about three fours of the long-term credit is provided by federal and cooperative credit institutions. It's very hard in the face of that kind of competition for the private sector, the private agribusiness sector to exploit farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120278#t=0.0,2803.944"}]}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279","type":"Canvas","label":{"en":["Media File 2 of 2 - AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.mp3"]},"duration":2804.952,"width":640,"height":40,"thumbnail":[{"id":"https://d9jk7wjtjpu5g.cloudfront.net/collection_resource_files/thumbnails/000/120/279/small/lecture.png?1627046009","type":"Image","format":"image/png"}],"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/content/1","type":"AnnotationPage","items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/content/2/annotation/1","type":"Annotation","motivation":"painting","body":{"id":"https://aviary-p-iastate.s3.wasabisys.com/collection_resource_files/resource_files/000/120/279/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.mp3?1627046009","type":"Audio","format":"audio/mpeg","duration":2804.952,"width":640,"height":40},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279","metadata":[]}]}],"annotations":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436","type":"AnnotationPage","label":{"en":["AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.vtt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/1","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Even by unfavorable performance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=5.37,7.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/2","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"bringing high input prices are low commodity prices.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=7.38,10.353"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/3","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wanna emphasize that very strongly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=12.31,14.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/4","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If there's anything that farmers need to fear,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=16.26,19.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/5","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if there's anything that they should be complaining about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=20.09,22.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/6","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's the favorable performance of the agribusiness sector","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=22.67,26.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/7","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and not the unfavorable performance.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=26.22,29.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/8","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because it's increased productivity, it's economies of size.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=29.05,33.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/9","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What determines the size and number of farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=33.3,36.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/10","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is economies of size, productivity,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=36.33,40.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/11","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our tools that are used,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=40.65,43.133"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/12","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these are what determine the size of farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=44.26,46.963"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/13","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As I said, the tractor and its compliments.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=47.8,50.313"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/14","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those are the things that have determined our farm size","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=51.8,54.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/15","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and numbers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=54.82,56.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/16","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those aren't contrary to what Lauren Soul was saying.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=56.48,59.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/17","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those are not the product","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=61.05,62.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/18","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of our Land-Grant University system.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=62.76,65.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/19","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those are the product of the private sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=65.1,67.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/20","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the private sector, agribusiness if you will","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=68.59,72.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/21","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is responsible for the diminishing number of family farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=72.87,77.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/22","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but not because of poor performance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=79.61,82.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/23","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but if anything because of good performance of that sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=83.15,87.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/24","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's not a conspiracy in any way she perform.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=87.85,91.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/25","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How about the agribusiness?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=92.9,94.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/26","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How about the Land-Grant Universities?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=94.74,96.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/27","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Land-Grant Universities have been especially prominent","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=96.41,100.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/28","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in what what we scale neutral technology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=100.41,104.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/29","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"85% of the research and extension work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=104.41,107.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/30","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's done in land-grant Universities","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=107.36,108.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/31","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is on scale neutral technology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=108.99,111.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/32","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The other 15%, most of it is directed at small farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=111.97,115.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/33","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"rather than larger than family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=115.32,118.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/34","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That scale neutral technology such as","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=118.26,121.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/35","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"improved varieties","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=121.1,122.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/36","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"improved breeds,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=122.4,123.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/37","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"improve productivity of livestock.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=123.96,126.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/38","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those things are used on small farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=126.74,128.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/39","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're used on medium sized farms,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=128.77,131.075"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/40","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're used on big farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=131.075,133.123"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/41","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It turns out that productivity in agriculture has increased","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=134.7,137.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/42","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the same rate as the man.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=137.94,140.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/43","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=140.72,141.553"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/44","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if all of that productivity would have been scale neutral,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=141.553,145.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/45","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we would have had the same number of farms today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=145.26,147.587"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/46","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the same aggregate volume of inputs today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=147.587,150.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/47","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in agriculture as we had 40 years ago.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=150.58,152.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/48","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But it wasn't scale neutral in all respects.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=154.0,156.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/49","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As I say, \"farm machinery has not been scaled neutral\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=156.92,160.847"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/50","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and farm machinery is the principal reason","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=160.847,163.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/51","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we've had a change in the size of number of farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=163.5,166.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/52","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(clears throat)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=168.053,170.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/53","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Productivity gains have brought massive benefits","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=170.8,173.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/54","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to society as a whole and to farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=173.48,175.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/55","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because farm per capita income has trended","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=175.81,178.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/56","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"toward national income per capita over time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=178.13,181.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/57","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Farmers as well as the rest of society","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=181.3,184.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/58","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have a strong vested interest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=184.16,186.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/59","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in improving productivity in agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=186.36,189.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/60","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As I say, \"we're concerned with the wellbeing of farm people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=189.12,192.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/61","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not just with the family farm.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=192.03,193.747"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/62","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the thing that determines farm income over the long run,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=194.772,198.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/63","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the income of non-farm people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=198.12,200.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/64","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Farmers have done a super job over time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=200.74,202.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/65","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on well-managed adequate sized farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=202.04,202.873"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/66","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of keeping up with the income of non-farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=202.873,207.873"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/67","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's exactly what economic theory","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=208.806,211.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/68","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"says that ought to happen.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=211.41,213.531"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/69","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So farm income in the long run is determined","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=213.531,216.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/70","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by the per capita income of non-farm people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=216.65,219.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/71","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And farming productivity has contributed massively","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=219.43,223.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/72","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to that increase in per capita income of non-farm people.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=223.49,228.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/73","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Sure we could shut it down.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=229.25,230.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/74","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could shut down this productivity increase","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=231.49,233.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/75","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the farm sector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=233.65,234.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/76","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it's not for economists to decide whether","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=234.64,237.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/77","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we should or should not shut down","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=237.18,239.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/78","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that rate of growth and productivity.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=239.13,241.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/79","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's not for economists to decide whether","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=241.77,244.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/80","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we should or should not put a limit on the size of farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=244.16,248.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/81","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could do it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=248.7,250.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/82","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could require a license to farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=250.23,252.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/83","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we could pass a law","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=252.92,253.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/84","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"saying that nobody could own more than 250 acres.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=253.97,257.073"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/85","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We could put a graduated land tax on,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=257.92,260.677"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/86","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in a publication that I put out I listed to I don't know,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=260.677,264.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/87","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's in 20 alternatives","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=264.93,267.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/88","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we could use to restrict our farm structure.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=267.58,271.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/89","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But that is not a decision for economist to make.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=271.59,274.243"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/90","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"All we can do is point out the implications of what is done.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=275.23,278.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/91","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some of those things that could be done","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=278.42,281.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/92","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would have a major impact on reducing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=281.19,283.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/93","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our standard of living,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=283.88,284.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/94","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and reducing the productivity in agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=284.91,287.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/95","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Others would not have a major effect.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=287.31,290.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/96","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The biggest problem is that in many cases","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=290.03,292.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/97","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"administration would be a difficulty.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=292.67,294.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/98","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Governments are not notably good","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=294.78,297.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/99","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at figuring out what is an optimal size farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=297.8,300.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/100","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and administering a program that is fair","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=300.47,302.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/101","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and equitable in delving out farming opportunities.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=302.98,306.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/102","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The principle problem of farmers annual and cyclical","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=308.35,311.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/103","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"income instability is a problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=311.3,313.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/104","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not of concentrated agribusiness","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=313.33,315.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/105","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or productivity gains but in recent years,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=315.96,318.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/106","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been the result of decisions made by governments,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=318.67,322.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/107","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as well as the result of weather.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=322.04,324.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/108","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I talked about this's afternoon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=324.52,326.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/109","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I'm not gonna dwell on it more here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=326.44,328.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/110","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Number four poor government performance","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=329.45,331.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/111","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has not been the result of a conspiracy.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=331.85,334.093"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/112","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It tends to be a product agreed,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=335.29,338.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/113","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"bungling and unintended side effects.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=338.46,341.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/114","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And one of the advantages to the market system","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=341.4,343.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/115","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that it turns private greed into the public good.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=343.343,348.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/116","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There is no such guiding hand in the public sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=348.5,353.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/117","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's one of the reasons why in many cases","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=353.25,355.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/118","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it's desirable to keep public sector as small as possible.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=355.57,359.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/119","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are certain things as I mentioned before","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=359.59,361.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/120","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the private sector will not do,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=361.61,363.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/121","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the public sector has to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=363.88,366.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/122","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it's well because of the difficulties","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=366.18,368.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/123","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of government administration in my judgment to confine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=368.83,371.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/124","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the public sector to those things that it can do well.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=371.96,375.553"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/125","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because we have limited talent.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=377.05,379.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/126","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have only so many people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=379.29,381.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/127","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who make really good bureaucrats.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=381.12,383.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/128","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the thing to do is to try to restrict","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=383.71,385.811"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/129","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that activity to as small a sector as possible","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=385.811,390.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/130","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and let the private sector do what it can.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=390.26,392.863"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/131","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, my time is about up here.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=394.44,398.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/132","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I just wanna make a few last closing statements.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=398.2,403.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/133","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The vilification of agribusiness industries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=407.55,410.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/134","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by farm activists stands in stark contrast","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=410.36,413.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/135","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the lack of justification for such vilification","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=413.17,416.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/136","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"based on numerous in-depth economic studies of agribusiness.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=416.21,420.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/137","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There is no evidence that farm problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=420.67,423.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/138","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of annual and cyclical instability","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=423.31,425.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/139","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and squeezing out commercial family farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=425.52,428.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/140","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be any different today,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=428.32,430.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/141","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if the agribusiness sector were atomistically competitive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=430.26,434.133"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/142","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that's something that maybe we wanna debate later.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=435.3,440.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/143","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Findings the scapegoats for farm problems in bankers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=442.01,445.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/144","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the multinational grain trade,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=445.2,446.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/145","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the futures market, the trilateral commission,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=446.86,449.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/146","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or in some ethnic group at best","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=449.04,452.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/147","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"detracts from finding real causes of farm problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=452.52,456.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/148","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and at worst establishes the climate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=456.2,458.264"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/149","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of hate, violence and even murder.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=458.264,461.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/150","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now I'll close with that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=461.4,462.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/151","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=462.37,463.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/152","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(crowd applauds)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=464.556,467.306"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/153","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Well, I think we probably will want to debate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=473.319,475.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/154","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one of your last claims Luther.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=475.01,476.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/155","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I certainly do, but it's not my place to do that,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=479.42,482.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/156","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"instead we have two respondents","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=482.61,484.604"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/157","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are more capable than I","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=484.604,488.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/158","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"first we'll hear from Bruce Marion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=488.55,490.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/159","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then from George Naylor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=490.68,492.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/160","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then we'll give Professor Tweeten a chance to respond,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=492.34,495.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/161","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then we'll have time for questions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=495.07,496.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/162","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"from the audience.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=496.47,497.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/163","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Professor Marion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=498.6,499.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/164","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Thank you Gary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=504.699,506.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/165","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, we've heard Luther's orientation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=512.75,516.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/166","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is a fairly optimistic orientation towards","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=516.13,520.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/167","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"many of the issues of market power.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=520.15,523.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/168","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And in terms of the bottom line of our two papers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=523.22,527.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/169","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're not all that different in prior","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=527.93,532.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/170","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because of the topic that was selected to speak to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=532.53,535.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/171","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we get there different ways.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=536.97,538.733"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/172","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Basically there's much I agree with in Luther's paper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=540.8,544.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/173","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that in many cases he goes a little overboard","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=544.89,548.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/174","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that monopoly power has no effect","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=549.66,552.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/175","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the structure of family farming.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=552.12,554.579"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/176","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I can't go that far,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=554.579,556.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/177","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it has had a modest effect","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=556.87,558.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/178","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and will have a modest effect.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=558.61,560.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/179","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I don't wanna quibble about those types of things,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=560.38,562.393"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/180","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"i think that what I wanna spend my time on is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=562.393,566.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/181","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"hitting two or three points that I think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=566.49,570.124"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/182","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that I definitely disagree with him.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=570.124,573.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/183","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And then talk just a little bit","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=573.16,574.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/184","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the philosophical difference","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=574.59,576.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/185","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of his an orientation in my orientation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=578.353,581.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/186","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"First, I think there's at least","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=582.78,583.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/187","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one straw man in his paper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=583.9,585.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/188","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that should be recognized as such,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=585.34,587.57"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/189","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"several places he speaks about making industries atomistic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=587.57,590.973"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/190","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(clears throat)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=590.973,591.806"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/191","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as the alternative to the personal organization.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=591.806,594.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/192","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I don't know of anyone","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=594.22,595.063"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/193","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who was proposed making concentrated marketing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=595.063,597.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/194","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and input supply industries atomistic,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=597.81,599.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/195","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the issue is whether they can be made workably competitive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=600.79,603.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/196","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, you know, I think that right off the bat,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=605.983,609.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/197","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we need to to dismiss that as","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=609.2,611.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/198","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the least most serious scholars in industrial organization","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=611.64,615.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/199","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"don't propose making industries atomistic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=615.55,619.664"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/200","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's a question of can you reduce concentration","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=619.664,622.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/201","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or keep it from getting greater than it is.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=622.26,625.953"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/202","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Second, I think it's...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=627.18,631.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/203","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not sure whether Luther felt this way but I,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=632.22,635.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/204","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in writing my paper I felt I had one shoe on solid ice","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=635.2,639.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/205","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean solid ground and the other one on thin ice.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=639.86,642.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/206","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And to some extent I think his paper reflects","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=642.96,645.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/207","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that he was a little bit the same way","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=645.41,647.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/208","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when he gets over in talking about competition issues,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=647.17,649.973"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/209","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, that's where I think I disagree with him the most.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=651.22,656.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/210","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"'Cause I don't think he's familiar with the literature.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=656.97,660.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/211","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He does say a massive literature report,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=660.52,663.872"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/212","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"report measures of the scope","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=663.872,665.944"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/213","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and importance of monopoly and food marketing tool.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=665.944,668.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/214","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And there's considerable disagreement among experts","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=668.64,671.043"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/215","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that some inefficiency extensive advertising","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=671.043,676.043"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/216","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"non-uniform pricing, sizeable profits are found","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=677.69,680.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/217","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in some components of the food marketing industry tool.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=680.33,683.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/218","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But then he goes on to infer that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=685.03,687.643"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/219","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there's a good bit of disagreement.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=687.643,690.093"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/220","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And a great deal controversy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=692.54,694.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/221","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and sort of leaves us with a position of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=694.68,697.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/222","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, is this research solid or not?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=697.54,700.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/223","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, I think that it's a little misleading","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=701.72,705.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/224","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the way it's presented because","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=705.11,707.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/225","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"essentially presents three sites that are for a position","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=707.32,712.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/226","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there are monopoly problems in food marketing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=712.51,715.465"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/227","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and three studies that say there are no monopoly problems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=715.465,718.583"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/228","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But what he doesn't say is that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=719.64,721.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/229","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the three studies that find","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=723.1,725.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/230","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that there aren't monopoly problems are all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=725.33,728.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/231","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"now there are two books in my briefcase","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=728.88,730.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/232","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"each one is 500 pages long,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=730.71,732.152"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/233","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and those are two of the sites.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=732.152,734.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/234","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, they represent 10-12 years of empirical research,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=734.72,738.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/235","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the third one also is a carefully done","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=738.96,740.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/236","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"empirical piece of work.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=740.88,742.853"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/237","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The criticisms, what do they represent?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=744.07,746.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/238","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They don't represent empirical studies at all.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=746.94,749.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/239","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Two of them are short comments and a journal","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=749.27,752.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/240","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"criticizing the Parker Connor journal piece","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=752.32,755.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/241","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"not based upon empirical evidence at all,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=755.9,757.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/242","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but simply based upon a different theoretical perspective.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=757.99,761.273"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/243","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The third criticism, the casetry study","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=762.23,764.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/244","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which didn't really question or challenge our studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=765.55,768.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/245","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and simply said that there may be some loss in productivity","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=768.58,772.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/246","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if you deconcentrate industries,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=772.99,775.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/247","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"actually proved to be erroneous of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=776.81,778.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/248","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"graduate student at the University of Michigan","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=778.93,781.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/249","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"turned that one on his head","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=781.2,782.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/250","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but the criticism in the journal.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=782.68,787.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/251","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So the really is no substantive criticism","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=787.6,792.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/252","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"based upon any careful empirical work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=794.31,797.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/253","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the issues that we raised in our books","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=797.35,800.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/254","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in terms of of problems of competition in the food industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=800.21,804.913"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/255","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the studies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=806.06,808.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/256","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"there are some 15 different studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=809.773,813.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/257","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we had nothing to do with.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=813.41,815.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/258","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That to come out with very similar results.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=815.78,818.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/259","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The comments on the (indistinct) paper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=818.66,822.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/260","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are somewhat similar bulletin ward","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=822.9,826.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/261","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"both have criticized that paper.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=828.47,831.253"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/262","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The two comments that Luther mentions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=833.36,837.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/263","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"were done as part of a consulting job for IBP,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=837.55,840.613"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/264","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I'm not impugning the integrity of those two people,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=841.5,844.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/265","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I am suggesting an IBP the largest meat packer,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=844.35,848.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/266","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"did not look around to find somebody","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=848.67,850.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/267","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who would give a generous treatment to our study.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=850.64,853.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/268","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You know, both Bullock particularly,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=854.9,857.563"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/269","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has a an extreme point of view in my opinion,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=858.64,860.908"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/270","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has never done an industrial organization pieces of work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=860.908,865.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/271","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is not an industrial organization economist.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=865.67,868.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/272","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And seems to have a server personal vendetta","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=868.44,872.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/273","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"against any studies that reveal","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=872.44,874.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/274","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"anything other than perfect competition.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=874.83,877.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/275","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well you'll pardon me for being defensive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=879.13,882.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/276","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let me move on to areas","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=882.87,884.904"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/277","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that don't deal with our research","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=884.904,887.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/278","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I can be less defensive.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=887.89,889.713"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/279","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of his comments on the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=892.22,895.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/280","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"effects of large multinational firms entering","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=895.0,898.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/281","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the seed and biotech industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=898.54,900.773"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/282","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He's optimistic, he's optimistic.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=904.333,907.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/283","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And well, I'm not sure optimistic pessimistic","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=907.76,910.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/284","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but his big greatest concern is that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=910.43,912.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/285","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the impact will be to spur greater innovations","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=912.82,916.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/286","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and just make the increased supply problems","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=919.81,924.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/287","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"worse than agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=925.18,927.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/288","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think that there are some legitimate concerns about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=927.05,930.522"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/289","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of the competitive questions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=930.522,932.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/290","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the power issues of these firms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=932.75,935.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/291","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"as they entered the seed and biotech industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=935.13,938.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/292","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're not entering these industries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=938.79,940.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/293","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make competitive returns,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=940.21,941.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/294","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're entering these industries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=941.68,944.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/295","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where they hope they can achieve some monopoly power.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=944.01,946.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/296","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And that's all right.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=946.5,948.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/297","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's seeking the profit motive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=948.26,950.21"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/298","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that's exactly what I expect them to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=950.21,953.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/299","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And we provided an incentive through","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=954.241,959.241"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/300","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Patent System, through Plant Variety Protection Act","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=960.461,964.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/301","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and so on to to give them some monopoly rents","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=964.4,968.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/302","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for a certain length of time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=968.37,970.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/303","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There are however, some concerns about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=970.18,973.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/304","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the role that these firms play","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=976.672,980.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/305","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in very critical industries like seed and biotech","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=980.19,984.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/306","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you're dealing with some basic germ plasm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=984.84,987.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/307","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and some of the genetic stock that we rely upon.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=987.56,992.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/308","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think we...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=992.02,993.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/309","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"A good example of some of the things that happened","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=996.56,1000.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/310","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is the hybrid seed corn instance where,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1000.51,1004.943"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/311","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"when hybrid seeds was developed and began to catch on,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1007.17,1012.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/312","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some of the large hybrid seed companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1012.96,1014.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/313","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"went to Land-Grant Universities and said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1014.81,1017.247"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/314","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"look you don't need to continue your research","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1017.247,1019.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/315","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on a hybrid seed crop we're gonna do that now.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1019.47,1021.877"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/316","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, the University has bought it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1023.29,1025.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/317","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they just continued their research on developing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1025.35,1027.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/318","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the inbreds forward hybrid seed corn","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1027.76,1031.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/319","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the point where the land-grants are no longer providing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1031.98,1036.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/320","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this new developing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1038.13,1040.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/321","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They sort of lost their research program","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1040.91,1042.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/322","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the hybrid seed corn business.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1042.59,1045.063"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/323","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Many of them regret it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1046.04,1047.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/324","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The important contribution of the land-grants","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1048.09,1052.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/325","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is to sort of keep the private sector honest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1052.33,1056.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/326","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and to provide vital inbred lines to smaller companies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1056.11,1061.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/327","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so they can compete with the pioneers in the (indistinct) .","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1063.65,1067.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/328","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They provide, they make entry easier","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1067.7,1071.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/329","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the smaller companies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1071.32,1072.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/330","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The land-grant system and its research","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1072.58,1075.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/331","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"plays a very important competitive role in this industry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1075.66,1079.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/332","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We did a study of the seed industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1079.75,1082.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/333","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so it's gonna basically now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1082.34,1083.903"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/334","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Recently we have the the biotech situation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1084.74,1087.974"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/335","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and with Wisconsin people are very concerned","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1087.974,1092.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/336","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about bovine growth hormone and what it's going to do.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1092.32,1095.423"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/337","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, where's the research being done?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1096.58,1099.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/338","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's the information that's coming out?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1099.38,1101.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/339","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, most of the research","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1101.16,1102.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/340","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has been done in the private sector.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1102.15,1104.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/341","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the information is very slow to come out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1104.75,1107.983"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/342","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"At this point I don't think we've worked enough","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1114.96,1118.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/343","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the Monsanto's and some of the large companies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1118.58,1122.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/344","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"involved in this research","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1122.62,1123.843"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/345","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to know how open they are going to be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1123.843,1126.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/346","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in sharing their results with the public sector,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1126.88,1131.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/347","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and with those of us in Land-grant system,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1133.03,1134.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/348","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they get hit over the head with,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1134.87,1136.517"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/349","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, what is this going to do","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1136.517,1138.047"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/350","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to so gonna burn out our cows?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1138.047,1141.289"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/351","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And what's going to be the impact on milk production?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1141.289,1144.857"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/352","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And so on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1144.857,1145.803"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/353","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I think we do have to be concerned","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1146.86,1149.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/354","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"about the role of large companies in these industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1149.16,1153.363"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/355","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let me just turn attention","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1154.93,1156.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/356","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to sort of the philosophical issue.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1156.26,1159.523"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/357","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There's really sort of a fundamental philosophical","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1164.9,1167.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/358","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"difference in how Luther and I","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1167.95,1171.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/359","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would have regarding how diligent we need to be","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1171.05,1175.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/360","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in keeping markets competitive,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1175.15,1177.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/361","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in maintaining competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1177.99,1180.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/362","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and promoting competitive markets.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1180.03,1181.933"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/363","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We don't disagree a bit I don't think","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1183.01,1185.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/364","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in terms of the desirability of competitive markets.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1185.3,1188.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/365","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The question is what's the role of government","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1188.53,1192.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/366","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or parts of society in maintaining competition?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1192.13,1197.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/367","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And part of this depends upon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1197.03,1198.514"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/368","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"how temporary we view market power.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1198.514,1203.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/369","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Luther said earlier today,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1205.12,1206.707"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/370","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"it's difficult to find lasting monopolies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1206.707,1210.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/371","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that don't involve government.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1210.45,1212.447"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/372","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, you know, I would disagree with that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1213.89,1216.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/373","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that if you look at the cigarette industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1216.74,1220.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/374","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you have a very good example of one that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1220.86,1223.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/375","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"went through and was broken up, and re concentrated,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1224.53,1227.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/376","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that the soft drink industry, breakfast cereal industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1227.8,1232.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/377","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're examples of these industries","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1233.705,1237.566"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/378","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that remain concentrated,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1237.566,1239.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/379","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and have monopoly power for many years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1239.84,1241.883"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/380","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In fact there's been quite a bit of work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1242.89,1246.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/381","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"done to examine this very issue.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1246.43,1250.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/382","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Does monopoly power erode and degenerate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1250.55,1254.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/383","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sort of naturally over time by competitive forces?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1254.48,1258.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/384","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And the answer at least for","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1258.19,1262.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/385","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"industries like the food industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1264.824,1267.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/386","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's a not a producer goods area","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1267.79,1272.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/387","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it's not a durable consumer goods,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1272.45,1276.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/388","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but in the non durable consumer goods areas","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1276.76,1280.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/389","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that the concentration and the elements of monopoly power","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1280.07,1284.89"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/390","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do not naturally erode,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1284.89,1286.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/391","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they continued to be sustained over time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1286.66,1290.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/392","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, if we look at over a long enough period,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1290.38,1295.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/393","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"maybe a century perhaps it does,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1297.312,1299.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/394","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but we've looked at this over a 30 or 40 year period","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1299.63,1303.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/395","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it doesn't show signs of growth.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1303.41,1306.197"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/396","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Some people are more more willing to live with this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1311.449,1316.449"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/397","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than some of the rest of us.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1316.8,1318.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/398","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that we need to be concerned about","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1318.2,1321.044"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/399","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"those types of monopoly problems.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1321.044,1323.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/400","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think that if you take a relaxed attitude","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1328.28,1333.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/401","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"towards market failures,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1333.53,1334.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/402","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"towards problems of the lack of competition,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1334.98,1338.767"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/403","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then gradually over time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1338.767,1341.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/404","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"those problems increase and become more and more serious.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1341.82,1346.228"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/405","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You don't develop monopoly problems all at once,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1346.228,1349.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/406","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it happens one merger at a time,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1349.75,1352.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/407","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or one little instance of predation at a time","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1352.18,1354.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/408","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to drive this firm out of that firm out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1354.97,1357.103"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/409","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"RJR Nabisco today","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1358.264,1362.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/410","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you know, what's that represent?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1363.56,1365.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/411","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Here's a firm that in 1977","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1365.6,1369.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/412","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was made up of five independent companies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1369.03,1372.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/413","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"each one was sales over $1 billion.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1372.7,1374.993"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/414","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What in the world do we allow mergers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1376.35,1379.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/415","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like that to take place for?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1379.34,1381.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/416","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Are there any social benefits?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1381.14,1383.191"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/417","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No, no.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1383.191,1384.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/418","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I mean, they're going to be pretty hard to find.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1384.52,1386.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/419","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now Luther is concerned about the intrusion of government","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1390.65,1395.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/420","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I am too.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1397.13,1398.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/421","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it is important how government","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1398.4,1400.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/422","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"enters into the marketing system and tries to affect it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1400.96,1403.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/423","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The least intrusive way for government to play a role","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1405.2,1410.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/424","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in maintaining competitive markets","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1410.09,1412.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/425","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is through the antitrust laws.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1412.35,1414.083"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/426","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That attempt to maintain fair game,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1415.79,1420.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/427","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"fair practices that give you a level playing field","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1420.44,1425.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/428","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in that attempt to influence or","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1426.32,1430.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/429","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to keep markets from becoming non-competitive","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1430.3,1433.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/430","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"through mergers and these types of practice.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1433.74,1436.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/431","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Very efficient way of trying the influence competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1436.66,1441.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/432","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"doesn't get in there and set up prices, control supplies,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1441.45,1445.326"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/433","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"do anything of that sort that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1445.326,1448.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/434","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we're government often has some difficulty","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1448.71,1451.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/435","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but it can try to influence","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1451.18,1453.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/436","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the competitive nature of these industries.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1453.09,1456.753"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/437","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"From the evidence I see,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1459.01,1464.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/438","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's the sort of thing that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1465.94,1468.32"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/439","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we need to be focusing some attention on.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1468.32,1470.52"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/440","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If we want to competitive markets to continue to exist","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1470.52,1475.462"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/441","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and continue to be the major way","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1475.462,1479.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/442","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we allocate resources in this country.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1479.71,1482.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/443","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"One of the things that seems to be missed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1482.35,1485.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/444","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by those who was sort of say","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1485.45,1488.479"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/445","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"let the market forces go,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1488.479,1491.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/446","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let the mergers take place,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1491.48,1492.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/447","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"let whatever happens go","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1492.96,1493.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/448","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is that if you eventually get to the point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1493.793,1498.49"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/449","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where you have a single firm running an industry,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1498.49,1501.033"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/450","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then the alternative of course is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1502.05,1507.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/451","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to make it into a public utility.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1507.38,1510.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/452","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's what we do in some of them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1510.05,1514.053"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/453","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Areas like we didn't telephone","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1515.53,1517.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/454","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of course we do in some of the power areas.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1517.69,1521.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/455","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So, trying to maintain competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1522.15,1525.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/456","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to me is the much more effective way was going well","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1526.89,1529.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/457","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that's enough of my chatter.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1529.58,1531.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/458","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let's hear what some others have to say.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1531.76,1534.304"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/459","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(whispers)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1534.304,1536.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/460","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(crowd applauds)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1536.9,1539.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/461","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Bruce and I will have to agree to disagree","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1541.51,1543.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/462","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on some of this.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1543.64,1544.95"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/463","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There have been other studies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1544.95,1546.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/464","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the food manufacturing industry","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1546.3,1548.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/465","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which find only a fraction","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1548.36,1550.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/466","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the social costs by Parker and Connor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1550.66,1553.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/467","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Secondly, I'm much more conversant","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1556.14,1558.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/468","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with his literature and he seems to be with mine","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1558.84,1561.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/469","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I even had this quote in my paper.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1561.24,1564.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/470","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I'm gonna quote it to you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1564.01,1565.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/471","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I wrote this back in the 1960s.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1566.9,1569.293"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/472","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"The pressure of effective competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1570.287,1572.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/473","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is a much more reliable go to efficiency","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1572.41,1575.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/474","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than reliance on federal regulation pricing","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1575.05,1578.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/475","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or reliance on the altruistic desire","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1578.35,1580.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/476","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of firms lacking competition to act in the public interest.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1580.76,1584.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/477","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Maintaining an environment of effective competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1584.36,1587.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/478","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"among firms is the most satisfactory public policy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1587.04,1590.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/479","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in industries where economies of size are not large,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1590.47,1593.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/480","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and are in merger and other public policies to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1593.37,1596.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/481","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"preclude high concentration seems inappropriate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1596.19,1599.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/482","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or pardon me seem appropriate.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1599.85,1601.797"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/483","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So I am calling for a policy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1604.169,1607.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/484","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of keeping an eye on competition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1607.51,1610.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/485","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I am concerned about conglomerate mergers at this time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1610.81,1615.223"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/486","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I am also concerned about junk bonds","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1616.65,1618.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/487","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and some of the other things that we're doing now","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1618.88,1620.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/488","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that in my judgment put competition at risk","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1620.64,1624.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/489","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and put the economy at risk.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1624.51,1626.253"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/490","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I'm also scared to death of bureaucrats","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1628.65,1630.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/491","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"running these things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1630.93,1632.123"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/492","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I remember the report of David Hopper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1633.75,1637.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/493","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Who's a very well-known Economist,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1637.41,1640.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/494","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"written a number of years ago,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1640.94,1643.203"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/495","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"back in about roughly 1960.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1644.23,1648.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/496","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"There was a seminar of social scientists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1648.03,1650.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/497","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it could have been in C117, but it wasn't.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1650.37,1654.433"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/498","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They gathered in new Delhi, India","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1655.53,1659.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/499","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they had social scientists from all over India,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1660.07,1664.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/500","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they had a few government bureaucrats there,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1664.6,1666.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/501","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They had the minister of agriculture there.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1666.48,1669.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/502","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And their conclusion was that the social consequences","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1669.36,1673.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/503","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the cultural disruptions were simply too great","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1673.37,1677.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/504","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to allow high-yielding varieties to come into India.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1677.24,1680.513"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/505","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And they should be kept out by all means.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1681.69,1684.403"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/506","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In my judgment, the costs in human misery","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1686.82,1691.095"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/507","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would have been unmeasurable,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1691.095,1694.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/508","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if that policy would have been followed through.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1694.02,1697.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/509","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We have a lot of groups today,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1697.09,1699.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/510","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who are saying,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1699.36,1701.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/511","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we should not release new technology until all the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1701.04,1705.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/512","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"economic,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1705.81,1707.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/513","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"social,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1707.28,1708.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/514","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and political and ethical consequences have been worked out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1708.78,1713.36"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/515","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, they want a kind of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1713.36,1715.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/516","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"socio-economic environmental impact statements","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1715.43,1719.58"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/517","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"before any new technology is released.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1719.58,1722.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/518","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, let me tell you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1723.87,1725.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/519","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if that were implemented,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1725.39,1726.843"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/520","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we will have seen the last of new technology.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1726.843,1731.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/521","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Because we will not achieve full agreement on those things.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1732.45,1737.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/522","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So a proper balance must be kept,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1737.23,1740.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/523","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but please don't label me as one of those who does not favor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1740.28,1744.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/524","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some kind of examination of antitrust policies.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1745.38,1750.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/525","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And now George Naylor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1757.12,1758.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/526","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(indistinct chatter)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1764.846,1768.013"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/527","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1777.18,1778.013"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/528","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I apologize for not wearing my suit and tie tonight","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1778.013,1779.97"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/529","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we had intended to be out in the audience there with you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1779.97,1783.053"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/530","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I appreciate very much this opportunity to respond","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1783.97,1787.4"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/531","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to Dr. Tweeten and Dr. Marion's remarks.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1787.4,1790.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/532","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"As Dr. Comstock mentioned this afternoon","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1791.59,1795.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/533","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the solutions that will be found for our problems,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1795.33,1798.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/534","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will be found in the crucible of open debate.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1798.22,1801.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/535","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And this open debate means","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1801.24,1802.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/536","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that we need to avoid labeling people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1802.68,1805.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/537","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether it be conspiratorialists, communists","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1805.1,1809.172"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/538","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"anti-Semitic Nazi's or Luddites.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1809.172,1812.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/539","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We can't afford McCarthyism in these times.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1813.477,1817.023"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/540","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I feel that it's important","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1818.6,1819.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/541","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that somebody tonight present a view","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1819.71,1821.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/542","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that family farm agriculture is important","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1821.7,1824.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/543","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether we use religious or humanistic values,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1824.54,1827.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/544","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that we can choose policies","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1827.71,1829.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/545","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to ensure family farm agriculture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1829.34,1831.343"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/546","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I happen to be Education Director","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1833.9,1836.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/547","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the North American Farm Alliance,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1836.35,1837.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/548","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I'm also a member of the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1837.7,1840.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/549","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Committee of the Churches Society of the Fort Dodge District","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1840.2,1842.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/550","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the United Methodist Church.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1842.9,1844.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/551","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I've been active in the farm movement 10 years.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1844.79,1847.483"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/552","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It was about as long as I've been farming.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1848.62,1850.543"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/553","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"My family has farmed in grain country for over 100 years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1850.543,1853.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/554","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I consider myself very lucky to be a family farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1853.84,1857.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/555","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I hope that before long we can enact legislation","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1857.43,1860.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/556","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"so that my farm will be one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1860.98,1862.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/557","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of many more family farms in the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1862.75,1865.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/558","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not fewer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1865.55,1867.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/559","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I ask you to join this endeavor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1867.14,1869.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/560","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to join the family farm moment in regaining control","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1869.1,1872.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/561","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of our political and economic institutions.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1872.2,1875.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/562","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We can pass the Family Farm Act","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1875.0,1877.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/563","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"also known as the Harkin-Gephardt Bill.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1877.33,1879.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/564","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"We can ensure that all our people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1879.83,1882.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/565","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are well fed with nutritional safe food","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1882.28,1885.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/566","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that our soil and water resources are protected.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1885.11,1887.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/567","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That we do have family farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1887.83,1889.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/568","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that will be our good stewards of the land.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1889.75,1893.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/569","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I say our good stewards of the land","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1893.27,1895.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/570","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because without family farmers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1895.04,1897.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/571","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"our soil, and our water and our food supply","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1897.15,1900.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/572","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will be at the mercy of absentee landowners","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1900.23,1902.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/573","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and greedy agribusiness corporations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1902.94,1906.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/574","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I want to be clear that I agree with Dr. Tweeten,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1906.33,1909.893"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/575","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the root cause for losing 650,000 farms since 1980","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1910.86,1915.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/576","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"is not monopoly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1915.96,1917.143"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/577","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Monopolies are a problem, but they are not the problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1918.01,1922.033"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/578","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They're not the problem","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1923.63,1924.53"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/579","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because family farmers have suffered economic setbacks","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1924.53,1927.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/580","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and cultural discrimination throughout our history","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1927.72,1930.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/581","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whether they were big corporations and banks or not.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1930.6,1933.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/582","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Even Thomas Jefferson lamented the booms and the bust","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1933.83,1937.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/583","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and the economic disarray suffered by","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1937.6,1939.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/584","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the yeoman farmer in his day.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1939.71,1942.253"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/585","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No it's because of a bigger economic picture.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1943.73,1948.533"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/586","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It simply boils down to the equilibrium point","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1949.59,1954.071"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/587","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where aggregate demand meets aggregate supply is unstable.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1954.071,1959.071"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/588","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And far much of the time is it rest","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1960.89,1965.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/589","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at a chronically raw rate of return for farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1965.05,1967.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/590","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I quote Dr. Tweeten's report he alludes to this problem.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1967.72,1972.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/591","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"He says \"economic theory predicts that one","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1973.44,1975.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/592","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if input supply, two farm, and three marketing sectors","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1975.91,1980.33"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/593","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"begin as perfect competition.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1980.33,1982.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/594","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's way back in our history.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1982.62,1984.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/595","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When before maybe Thomas Jefferson was president.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1984.17,1989.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/596","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"subsequently, become monopolistic in 1987","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1989.13,1991.18"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/597","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and all through our history,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1995.97,1997.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/598","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then the farm sector will experience low prices,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=1997.6,2001.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/599","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"incomes and rates of return relative to the input supply","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2001.0,2004.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/600","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and product marketing sectors.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2004.91,2007.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/601","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I continue to quote,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2007.39,2008.327"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/602","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"however if resources are the farm sector are mobile","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2008.327,2011.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/603","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"then farm labor management and equity capital","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2011.46,2014.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/604","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"after making adjustments to incentives","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2014.47,2016.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/605","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"will earn rates of return comparable","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2016.22,2018.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/606","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to those of other sectors.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2018.77,2020.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/607","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And end quote.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2020.17,2021.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/608","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yes, but then that could be true in the long run","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2021.55,2024.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/609","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but after we had an exit of many farmers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2024.62,2027.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/610","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under duress leaving the land not willingly.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2027.76,2030.383"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/611","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Our continent was settled","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2037.79,2039.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/612","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"across the continent by displaced farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2040.26,2042.26"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/613","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"seeking to escape financial burdens and hardship.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2042.26,2044.913"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/614","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I believe John Deere himself experienced financial hardship","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2046.67,2051.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/615","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"millennia Illinois as a result.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2054.93,2056.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/616","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Moving out West was the solution for many a decade","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2059.22,2062.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/617","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"until 1933 when farmers moved West, but found no land,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2062.0,2067.0"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/618","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"without no jobs, they were the Okies (indistinct)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2067.0,2070.348"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/619","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and our soil moved across our fair land","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2070.348,2072.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/620","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in huge clouds of the dust bowl.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2072.73,2075.547"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/621","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It became clear that this was the end of the road","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2075.547,2077.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/622","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the free market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2077.65,2079.6"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/623","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It was clear that the free market","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2079.6,2081.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/624","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"serve neither humanistic values nor religious values.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2081.13,2084.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/625","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For that matter, a modern economy could not even operate","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2084.74,2087.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/626","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the uncertainty of the free market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2087.82,2090.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/627","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Ever since farm prices have been set in Washington, D.C.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2090.22,2094.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/628","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Price supports are also today in 1987","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2094.35,2097.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/629","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a feature of the economies of most of the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2097.38,2099.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/630","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You would have a hard time convincing any government","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2103.59,2105.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/631","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that they should do away with their price supports.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2105.45,2107.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/632","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So despite all of the free market rhetoric","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2108.69,2110.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/633","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to the Reagan administration,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2110.71,2112.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/634","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and Dr. Tweeten and other Economists in 1987,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2112.85,2117.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/635","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we have the most government intervention","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2118.49,2120.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/636","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in the agricultural economy in history.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2120.86,2123.283"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/637","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not only in agriculture, but in financial","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2124.35,2126.87"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/638","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"sectors and trade, et cetera our whole lives now.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2126.87,2129.733"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/639","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The system requires it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2130.99,2132.263"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/640","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But even so farmers are going broke","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2135.97,2138.929"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/641","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they will go broke.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2138.929,2140.573"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/642","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have a chart here","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2143.21,2144.34"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/643","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that the food and agricultural policy study","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2144.34,2147.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/644","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Food and Agricultural Policy Research Institute","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2147.09,2150.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/645","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"put together on net farm income,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2151.17,2152.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/646","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"projected net farm income through 1985","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2152.78,2155.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/647","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under the 1985 Farm Bill","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2155.2,2157.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/648","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you can see it's going to decline over this period.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2157.28,2160.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/649","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So why is this the case?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2164.04,2165.833"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/650","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The real question is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2167.33,2168.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/651","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in whose interests are price support set?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2168.19,2171.233"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/652","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Who makes policy,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2172.229,2173.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/653","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and who is going to benefit from that policy?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2173.67,2176.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/654","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In our experience, the major opponents","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2176.1,2179.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/655","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to a farm program that would benefit family farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2179.31,2181.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/656","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and give family farmers a fair return on their investment","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2181.61,2184.72"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/657","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in their labor have been the agribusiness corporations.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2184.72,2188.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/658","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Last, in 1985 when we lobby for the farm policy reformat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2188.24,2192.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/659","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it coalition was put together to oppose that bill.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2192.15,2194.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/660","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It was called the Farm Coalition Group.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2194.56,2197.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/661","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Have any of you heard of that group?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2197.09,2199.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/662","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You might confuse it with the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2199.51,2200.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/663","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Iowa Farm Unity Coalition but not this,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2200.823,2203.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/664","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"this Farm Coalition Group consisted of","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2203.43,2205.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/665","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"trade organizations such as the American Meat Institute,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2205.46,2208.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/666","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Cotton Council, the Bakers Association,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2208.27,2211.16"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/667","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Wholesale Grocers Association,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2211.16,2215.212"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/668","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and The fertilizer Institute right down the list.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2215.212,2218.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/669","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Then of course then there are USDA officials","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2219.14,2221.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/670","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"like Secretary of Agriculture","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2221.11,2223.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/671","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who eventually go to work","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2223.65,2224.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/672","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for big food and agricultural businesses.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2224.64,2227.11"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/673","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"For instance John Bock, who went to work afterwards","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2227.11,2230.058"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/674","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for The Wholesale Grocers Association","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2230.058,2233.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/675","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and was put on the board of John Deere.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2233.46,2235.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/676","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And of course the third group of people","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2240.24,2243.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/677","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that oppose our legislation for family farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2243.25,2245.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/678","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"are Professors, Economics Professor","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2245.41,2249.59"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/679","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who seem to be afraid of rocking the boat.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2249.59,2251.693"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/680","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In my experience in the farm movement","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2258.73,2260.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/681","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have had many debates with Dr. Tweeten","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2260.29,2264.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/682","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I have seen him the Washington, D.C.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2264.13,2267.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/683","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In 1978, his paper was the resource paper","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2267.93,2272.45"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/684","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for Secretary Bob Berglund.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2272.45,2274.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/685","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"When he made a report to the congress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2274.02,2275.85"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/686","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"on the status of the family farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2275.85,2277.5"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/687","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That report said \"family farms are just great","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2278.38,2281.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/688","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"their everything is okay, don't worry.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2281.07,2283.46"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/689","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In 1980 Texas A\u0026amp;M, I visited with him at a conference","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2283.46,2287.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/690","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at that time, family farm agriculture is okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2287.42,2290.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/691","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Don't worry about it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2290.81,2291.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/692","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In Des Moines in 1983 and hence 1987, everything's okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2291.65,2296.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/693","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You heard tonight, we have too many small efficient farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2296.66,2300.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/694","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"You have to have $250,000 gross income to be efficient.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2300.55,2305.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/695","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Is that a family farm?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2305.717,2306.873"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/696","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Not very many,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2307.77,2308.603"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/697","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It might be a multifamily farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2308.603,2309.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/698","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but most farms that size have hired labor.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2309.93,2312.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/699","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So we're talking about the Des Moines of the family farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2312.88,2315.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/700","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"make no mistakes about it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2315.04,2317.103"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/701","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I think that the family farm is not in good condition","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2317.103,2322.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/702","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that we are going to have change policy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2322.06,2323.54"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/703","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"if we have family farms.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2323.54,2325.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/704","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I ask you to join together","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2325.69,2327.74"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/705","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with me and with the farm movement","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2327.74,2329.91"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/706","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to pass legislation so that we can have family farms","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2329.91,2333.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/707","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for you young people here tonight","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2333.02,2335.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/708","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and for the next generation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2335.09,2337.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/709","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2337.1,2338.401"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/710","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(crowd applauds)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2338.401,2341.151"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/711","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would love to have some time to play us","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2344.96,2348.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/712","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"some specific disagreements I have with professor Tweeten","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2348.08,2352.51"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/713","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I understand that we may not have time.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2352.51,2355.033"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/714","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I would encourage you to pick up","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2355.91,2357.963"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/715","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"a set of these charts that came from","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2357.963,2359.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/716","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Food and Agricultural Policy Research Institute","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2359.93,2362.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/717","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"here at the Iowa State University","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2362.1,2364.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/718","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and University of Missouri,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2364.1,2366.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/719","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that compares the outcome the 85 Farm Bill,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2366.1,2371.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/720","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The Food Security Act they call it","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2371.49,2373.12"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/721","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with the Harkin-Gephardt Bill that we're promoting.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2373.12,2375.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/722","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"It's very revealing.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2375.99,2377.83"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/723","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And also I would like you to pick up a copy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2377.83,2380.13"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/724","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of this booklet that I edited for","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2380.13,2382.05"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/725","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The United Farmer and Rancher Congress","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2382.05,2383.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/726","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was held in St. Louis last year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2383.82,2385.773"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/727","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If I haven't gotten my ideas across","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2387.11,2388.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/728","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I encourage you to read this","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2388.76,2390.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/729","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you might pick up on some ideas.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2390.01,2391.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/730","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Thank you.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2391.75,2392.583"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/731","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I would like to respond to that.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2394.17,2396.523"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/732","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And I would like to go back","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2396.523,2398.03"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/733","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to a statement that I made earlier","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2398.03,2400.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/734","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and that is the unintended consequences of government policy","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2400.15,2403.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/735","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"usually exceeds the intended consequences.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2403.84,2407.23"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/736","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And it was interesting that Harkin- Gephardt","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2407.23,2409.61"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/737","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"was brought up because that's a classic example","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2409.61,2411.725"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/738","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of that situation.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2411.725,2413.443"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/739","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How many of you are aware","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2414.46,2416.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/740","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that under the Harkin-Gephardt Bill","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2416.78,2419.35"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/741","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"wheat and feed grains would be put together in referendum.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2419.35,2422.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/742","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And all it would take would be a 50% majority","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2422.75,2426.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/743","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in order to impose mandatory controls","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2426.87,2429.517"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/744","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for all wheat and feed grain farmers.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2429.517,2433.173"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/745","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Which means since 5% of the farmers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2434.129,2438.373"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/746","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"grain farmers...","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2439.28,2441.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/747","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Pardon me 50% of the grain farmers produce 5% of the grain.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2441.47,2446.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/748","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In theory, the farmers who produce 5% of the grain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2446.44,2451.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/749","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"could impose their will on the farmers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2451.53,2454.42"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/750","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"who produce 95% of the grain.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2454.42,2457.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/751","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And maybe you want it that way, I don't know.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2457.31,2459.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/752","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"The wheat farmers wanted a lot more","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2459.43,2461.2"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/753","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"than the feed grain farmers,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2461.2,2462.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/754","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"feed grain farmers have never had it,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2462.17,2464.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/755","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they did give no indication,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2464.81,2466.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/756","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we've had all kinds of straw polls","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2466.31,2468.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/757","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"we've conducted surveys of them","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2468.29,2469.843"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/758","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they vote against it very strongly,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2469.843,2472.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/759","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the wheat farmers tend to favor it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2472.09,2473.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/760","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"How would feed grain farmers likely to","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2475.27,2476.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/761","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have mandatory controls imposed on you","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2476.99,2479.63"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/762","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by us wheat farmers from Oklahoma?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2479.63,2482.921"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/763","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"(crowd applauds)","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2482.921,2484.22"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/764","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's good.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2484.22,2485.053"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/765","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Are you saying, are you saying--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2485.053,2485.886"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/766","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay wait let me finish.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2485.886,2487.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/767","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Let me finish.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2487.31,2488.143"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/768","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not through with the unintended consequences yet.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2488.143,2490.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/769","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2490.69,2491.523"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/770","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e One of the provisions is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2492.41,2493.271"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/771","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that if you don't like to go along","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2493.271,2495.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/772","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with those mandatory control provisions","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2495.88,2497.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/773","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can produce grain on your farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2497.8,2499.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/774","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and you can feed it on your farm.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2499.96,2501.7"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/775","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Not in this bill, no.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2501.7,2504.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/776","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I got the latest bill from the Harkin","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2504.07,2506.39"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/777","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and I just got one the other day","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2507.884,2508.84"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/778","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and it contained that provision said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2508.84,2510.997"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/779","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\"if you produce grain on your own farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2510.997,2514.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/780","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you feed it on your own farm,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2514.08,2515.3"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/781","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you're not subject to the limitations","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2515.3,2518.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/782","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"you can't market it at 70 to 80% of parody.\"","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2518.19,2520.907"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/783","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But that's the provision in the bill that they sent me.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2521.912,2525.76"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/784","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now unintended consequences.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2525.76,2527.663"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/785","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If you're a poor farmer in Arkansas who purchases his feed","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2528.62,2533.62"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/786","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to feed broilers or younger and integrated operation,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2536.56,2541.29"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/787","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these integrators are not gonna fool you very long","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2541.29,2544.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/788","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"because they're gonna have to pay $5","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2544.19,2547.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/789","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or more for their grains.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2547.01,2549.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/790","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Whereas if they let the broilers be produced on the farm","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2549.43,2554.14"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/791","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"where the grain is produced","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2554.14,2555.66"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/792","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they can get it done for the cost of production.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2557.26,2559.37"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/793","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"So what would happen is that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2559.37,2560.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/794","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"these thousands of feeders of broilers","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2560.71,2563.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/795","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would simply be wiped out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2563.47,2564.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/796","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"If they keep that provision in.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2564.98,2566.091"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/797","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Now, maybe they're taking it out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2566.091,2568.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/798","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But I was told that they have not yet taken it out.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2568.75,2571.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/799","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Furthermore, if you look at the study","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2571.79,2573.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/800","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that was done by Missouri,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2573.94,2576.623"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/801","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"one of the kickers they put in it there is an export cartel.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2578.03,2582.65"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/802","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Did you know that?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2582.65,2583.79"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/803","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yep.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2583.79,2585.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/804","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Are you the farmers in Iowa?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2585.02,2586.864"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/805","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I hope this they'll get it in the paper.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2586.864,2589.303"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/806","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Are the farmers in Iowa ready for an export cartel?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2589.303,2593.323"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/807","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"No, it'd be very much like OPEC.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2594.37,2596.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/808","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And those of you, this is a religious studies program.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2596.93,2600.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/809","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Those of you who are associated with churches and so forth","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2600.15,2604.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/810","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"should think about what the OPEC cartel","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2604.68,2608.48"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/811","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"has done to the world.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2608.48,2610.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/812","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And ask what a cartel in food could do to the world?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2610.86,2614.593"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/813","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"What an upsetting factor it has been?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2615.52,2618.64"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/814","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And who would be the Saudi Arabia of this arrangement?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2618.64,2622.73"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/815","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Was that what you want to get into?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2622.73,2624.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/816","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I'm not sure.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2624.77,2625.693"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/817","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Another provision of the Harkin Bill is","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2627.285,2629.31"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/818","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that it contains a mandatory diversion of 25- 35%","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2629.31,2633.38"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/819","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"depending on whether you're a big farmer or a small farmer.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2633.38,2636.273"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/820","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Well, the excess capacity right now in grains is about 35%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2637.29,2642.013"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/821","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And let me tell you that a diversion","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2642.96,2644.96"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/822","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"it is a rough rule of thumb to reduce your production","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2644.96,2649.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/823","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"by 10%, it takes a 30% diversion program.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2649.27,2653.28"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/824","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And with 35% over capacity--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2653.28,2655.003"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/825","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e When it's voluntary, when it's voluntary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2655.003,2656.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/826","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e When it's voluntary.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2656.07,2658.04"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/827","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"But remember, there'd be an incredible amount of slippage","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2658.04,2660.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/828","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"under the Harkin Bill.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2660.88,2662.356"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/829","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e No it's a mandatory program everybody has to--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2662.356,2665.057"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/830","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Have you looked in the Missouri study,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2665.057,2667.93"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/831","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"what kind of a diversion they required?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2667.93,2669.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/832","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yep i have.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2669.88,2670.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/833","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e And how big did it take?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2670.9,2671.86"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/834","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e It's very seldom more than 35% very little","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2671.86,2674.494"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/835","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in most cases it's much under 30%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2674.494,2677.01"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/836","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e It's more like 50-60%.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2677.01,2678.94"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/837","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That's what it would take.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2678.94,2679.773"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/838","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e I'm Sorry.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2679.773,2680.82"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/839","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e That's what it would take.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2680.82,2681.77"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/840","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e And let's say(indistinct) I'm not through yet.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2681.77,2684.15"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/841","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Well--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2684.15,2685.262"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/842","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Let's take(indistinct) let's, lets--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2685.262,2687.41"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/843","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e At some point are you gonna allow me","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2687.41,2688.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/844","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"to respond to some of this since we done have--","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2688.67,2690.869"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/845","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yes I will but first let me finish","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2690.869,2692.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/846","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"first let me finish.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2692.47,2693.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/847","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In the case of wheat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2693.99,2695.08"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/848","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the domestic demand grows at about 1% a year","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2695.08,2698.55"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/849","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and we would basically lose the export market.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2699.48,2701.793"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/850","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Productivity in wheat yields and wheat","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2703.81,2706.02"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/851","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"have been growing in recent years","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2706.02,2707.25"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/852","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"at the rate of 1.8% a year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2707.25,2709.443"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/853","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"That would mean that farmer allotments","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2710.67,2712.44"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/854","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"would be have to cut every year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2712.44,2714.56"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/855","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"They'd have to be cut every year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2714.56,2716.81"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/856","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I don't know how farmers would feel about that","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2716.81,2718.99"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/857","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"but I think they'd take a very dim view","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2718.99,2720.9"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/858","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of having to divert 50-60% of their acres","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2720.9,2724.07"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/859","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and then having that allotment cut every year.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2724.07,2727.27"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/860","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"In other words, I think furthermore,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2727.27,2729.68"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/861","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the Harkin Bill costs more than","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2729.68,2731.47"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/862","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"the current farm program","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2731.47,2733.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/863","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"which is an interesting feature to it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2733.06,2734.98"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/864","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Well can I respond?","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2734.98,2736.24"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/865","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Yeah go ahead.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2736.24,2737.1"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/866","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"\u003cstrong\u003e -:\u003c/strong\u003e Okay good.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2737.1,2738.06"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/867","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And as was the case with most of the points","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2738.06,2740.69"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/868","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"that Dr. Tweeten made through his space","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2740.69,2742.43"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/869","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I disagree with just about everything you said,","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2742.43,2744.78"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/870","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Dr. Tweeten says, \"we should feel sorry for the","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2747.74,2749.463"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/871","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for the poor Arkansas little farmer who's working","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2749.463,2752.575"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/872","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"for one of these integrators like Cargill and Cotton","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2752.575,2756.75"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/873","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"Yeah.Their livelihood hangs by the thread","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2756.75,2759.71"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/874","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of whether they produce enough pounds of chicken","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2759.71,2762.09"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/875","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"with them feed the cargo provides them.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2762.09,2763.667"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/876","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"And if they miss out by 1/10th of a pound","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2763.667,2766.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/877","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"or 100 to the pound gain","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2766.88,2769.17"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/878","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"they're out of business","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2769.17,2770.8"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/879","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they're thrown on the unemployment lines.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2770.8,2773.088"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/880","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"and they have to count out","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2773.088,2774.92"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/881","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"whatever Cargill and Continental Tyson Foods says.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2774.92,2777.823"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/882","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"51 vertical integrators produce virtually all","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2780.776,2784.88"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/883","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"of the broiler chickens in the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2784.88,2787.163"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/884","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"I think it's 8-10 vertical integrators","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2788.99,2792.19"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/885","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"produced 70% of the broilers in the United States.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2792.19,2796.67"},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/886","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"in 1978, already 400 feedlers produced it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=2796.67,2800.193"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436","type":"AnnotationPage","label":{"en":["English [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31436/annotation/887","type":"Annotation","motivation":"subtitling","body":{"type":"TextualBody","value":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/031/436/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.vtt?1627046012","format":"text/vtt","language":"en"},"target":"https://d9jk7wjtjpu5g.cloudfront.net/file_transcripts/associated_files/000/031/436/original/AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.vtt?1627046012"}]},{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31437","type":"AnnotationPage","label":{"en":["AV203661_Is_the_Family_Farmer_being_Squeezed_out_of_Business_by_Monopolies_b.txt [Transcript]"]},"items":[{"id":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279/transcript/31437/annotation/888","type":"Annotation","motivation":"transcribing","body":{"type":"TextualBody","value":"- Even by unfavorable performance, bringing high input prices are low commodity prices. I wanna emphasize that very strongly. If there's anything that farmers need to fear, if there's anything that they should be complaining about it's the favorable performance of the agribusiness sector and not the unfavorable performance. Because it's increased productivity, it's economies of size. What determines the size and number of farms is economies of size, productivity, our tools that are used, these are what determine the size of farm. As I said, the tractor and its compliments. Those are the things that have determined our farm size and numbers. Those aren't contrary to what Lauren Soul was saying. Those are not the product of our Land-Grant University system. Those are the product of the private sector. So the private sector, agribusiness if you will is responsible for the diminishing number of family farms but not because of poor performance, but if anything because of good performance of that sector. It's not a conspiracy in any way she perform. How about the agribusiness? How about the Land-Grant Universities? Land-Grant Universities have been especially prominent in what what we scale neutral technology. 85% of the research and extension work that's done in land-grant Universities is on scale neutral technology. The other 15%, most of it is directed at small farms rather than larger than family farms. That scale neutral technology such as improved varieties improved breeds, improve productivity of livestock. Those things are used on small farms, they're used on medium sized farms, they're used on big farms. It turns out that productivity in agriculture has increased about the same rate as the man. In other words, if all of that productivity would have been scale neutral, we would have had the same number of farms today and the same aggregate volume of inputs today in agriculture as we had 40 years ago. But it wasn't scale neutral in all respects. As I say, \"farm machinery has not been scaled neutral\" and farm machinery is the principal reason that we've had a change in the size of number of farms. Productivity gains have brought massive benefits to society as a whole and to farmers because farm per capita income has trended toward national income per capita over time. Farmers as well as the rest of society have a strong vested interest in improving productivity in agriculture. As I say, \"we're concerned with the wellbeing of farm people not just with the family farm.\" And the thing that determines farm income over the long run, is the income of non-farm people. Farmers have done a super job over time on well-managed adequate sized farms of keeping up with the income of non-farmers. And that's exactly what economic theory says that ought to happen. So farm income in the long run is determined by the per capita income of non-farm people. And farming productivity has contributed massively to that increase in per capita income of non-farm people. Sure we could shut it down. We could shut down this productivity increase in the farm sector, and it's not for economists to decide whether we should or should not shut down that rate of growth and productivity. It's not for economists to decide whether we should or should not put a limit on the size of farms. We could do it. We could require a license to farm, we could pass a law saying that nobody could own more than 250 acres. We could put a graduated land tax on, in a publication that I put out I listed to I don't know, that's in 20 alternatives that we could use to restrict our farm structure. But that is not a decision for economist to make. All we can do is point out the implications of what is done. Some of those things that could be done would have a major impact on reducing our standard of living, and reducing the productivity in agriculture. Others would not have a major effect. The biggest problem is that in many cases administration would be a difficulty. Governments are not notably good at figuring out what is an optimal size farm and administering a program that is fair and equitable in delving out farming opportunities. The principle problem of farmers annual and cyclical income instability is a problem not of concentrated agribusiness or productivity gains but in recent years, has been the result of decisions made by governments, as well as the result of weather. I talked about this's afternoon and I'm not gonna dwell on it more here. Number four poor government performance has not been the result of a conspiracy. It tends to be a product agreed, bungling and unintended side effects. And one of the advantages to the market system is that it turns private greed into the public good. There is no such guiding hand in the public sector. And that's one of the reasons why in many cases it's desirable to keep public sector as small as possible. There are certain things as I mentioned before that the private sector will not do, the public sector has to do. And it's well because of the difficulties of government administration in my judgment to confine the public sector to those things that it can do well. Because we have limited talent. We have only so many people who make really good bureaucrats. And the thing to do is to try to restrict that activity to as small a sector as possible and let the private sector do what it can. Well, my time is about up here. So I just wanna make a few last closing statements. The vilification of agribusiness industries by farm activists stands in stark contrast to the lack of justification for such vilification based on numerous in-depth economic studies of agribusiness. There is no evidence that farm problems of annual and cyclical instability and squeezing out commercial family farms would be any different today, if the agribusiness sector were atomistically competitive. I think that's something that maybe we wanna debate later. Findings the scapegoats for farm problems in bankers, the multinational grain trade, the futures market, the trilateral commission, or in some ethnic group at best detracts from finding real causes of farm problems and at worst establishes the climate of hate, violence and even murder. Now I'll close with that. Thank you.\r\n\r\n- Well, I think we probably will want to debate one of your last claims Luther. I certainly do, but it's not my place to do that, instead we have two respondents who are more capable than I first we'll hear from Bruce Marion and then from George Naylor. And then we'll give Professor Tweeten a chance to respond, and then we'll have time for questions from the audience. Professor Marion.\r\n\r\n- Thank you Gary. Well, we've heard Luther's orientation which is a fairly optimistic orientation towards many of the issues of market power. And in terms of the bottom line of our two papers, we're not all that different in prior because of the topic that was selected to speak to but we get there different ways. Basically there's much I agree with in Luther's paper I think that in many cases he goes a little overboard that monopoly power has no effect on the structure of family farming. I can't go that far, I think it has had a modest effect and will have a modest effect. But I don't wanna quibble about those types of things, i think that what I wanna spend my time on is hitting two or three points that I think that I definitely disagree with him. And then talk just a little bit about the philosophical difference of his an orientation in my orientation. First, I think there's at least one straw man in his paper that should be recognized as such, several places he speaks about making industries atomistic as the alternative to the personal organization. And I don't know of anyone who was proposed making concentrated marketing and input supply industries atomistic, the issue is whether they can be made workably competitive. So, you know, I think that right off the bat, we need to to dismiss that as the least most serious scholars in industrial organization don't propose making industries atomistic. It's a question of can you reduce concentration or keep it from getting greater than it is. Second, I think it's... I'm not sure whether Luther felt this way but I, in writing my paper I felt I had one shoe on solid ice I mean solid ground and the other one on thin ice. And to some extent I think his paper reflects that he was a little bit the same way when he gets over in talking about competition issues, you know, that's where I think I disagree with him the most. 'Cause I don't think he's familiar with the literature. He does say a massive literature report, report measures of the scope and importance of monopoly and food marketing tool. And there's considerable disagreement among experts that some inefficiency extensive advertising non-uniform pricing, sizeable profits are found in some components of the food marketing industry tool. But then he goes on to infer that there's a good bit of disagreement. And a great deal controversy and sort of leaves us with a position of you know, is this research solid or not? Well, I think that it's a little misleading the way it's presented because essentially presents three sites that are for a position that there are monopoly problems in food marketing and three studies that say there are no monopoly problems. But what he doesn't say is that the three studies that find that there aren't monopoly problems are all, now there are two books in my briefcase each one is 500 pages long, and those are two of the sites. You know, they represent 10-12 years of empirical research, and the third one also is a carefully done empirical piece of work. The criticisms, what do they represent? They don't represent empirical studies at all. Two of them are short comments and a journal criticizing the Parker Connor journal piece not based upon empirical evidence at all, but simply based upon a different theoretical perspective. The third criticism, the casetry study which didn't really question or challenge our studies and simply said that there may be some loss in productivity if you deconcentrate industries, actually proved to be erroneous of graduate student at the University of Michigan turned that one on his head but the criticism in the journal. So the really is no substantive criticism based upon any careful empirical work of the issues that we raised in our books in terms of of problems of competition in the food industry. And the studies, there are some 15 different studies that we had nothing to do with. That to come out with very similar results. The comments on the paper are somewhat similar bulletin ward both have criticized that paper. The two comments that Luther mentions were done as part of a consulting job for IBP, and I'm not impugning the integrity of those two people, but I am suggesting an IBP the largest meat packer, did not look around to find somebody who would give a generous treatment to our study. You know, both Bullock particularly, has a an extreme point of view in my opinion, has never done an industrial organization pieces of work is not an industrial organization economist. And seems to have a server personal vendetta against any studies that reveal anything other than perfect competition. Well you'll pardon me for being defensive. Let me move on to areas that don't deal with our research and I can be less defensive. One of his comments on the effects of large multinational firms entering the seed and biotech industries. He's optimistic, he's optimistic. And well, I'm not sure optimistic pessimistic but his big greatest concern is that the impact will be to spur greater innovations and just make the increased supply problems worse than agriculture. But I think that there are some legitimate concerns about some of the competitive questions and the power issues of these firms as they entered the seed and biotech industries. They're not entering these industries to make competitive returns, they're entering these industries where they hope they can achieve some monopoly power. And that's all right. That's seeking the profit motive and that's exactly what I expect them to do. And we provided an incentive through The Patent System, through Plant Variety Protection Act and so on to to give them some monopoly rents for a certain length of time. There are however, some concerns about the role that these firms play in very critical industries like seed and biotech where you're dealing with some basic germ plasm and some of the genetic stock that we rely upon. And I think we... A good example of some of the things that happened is the hybrid seed corn instance where, when hybrid seeds was developed and began to catch on, some of the large hybrid seed companies went to Land-Grant Universities and said, \"look you don't need to continue your research on a hybrid seed crop we're gonna do that now.\" Well, the University has bought it and they just continued their research on developing the inbreds forward hybrid seed corn to the point where the land-grants are no longer providing this new developing. They sort of lost their research program and the hybrid seed corn business. Many of them regret it. The important contribution of the land-grants is to sort of keep the private sector honest and to provide vital inbred lines to smaller companies, so they can compete with the pioneers in the . They provide, they make entry easier for the smaller companies. The land-grant system and its research plays a very important competitive role in this industry. We did a study of the seed industry, so it's gonna basically now. Recently we have the the biotech situation and with Wisconsin people are very concerned about bovine growth hormone and what it's going to do. Well, where's the research being done? And what's the information that's coming out? Well, most of the research has been done in the private sector. And the information is very slow to come out. At this point I don't think we've worked enough with the Monsanto's and some of the large companies involved in this research to know how open they are going to be in sharing their results with the public sector, and with those of us in Land-grant system, they get hit over the head with, you know, what is this going to do to so gonna burn out our cows? And what's going to be the impact on milk production? And so on. But I think we do have to be concerned about the role of large companies in these industries. Let me just turn attention to sort of the philosophical issue. There's really sort of a fundamental philosophical difference in how Luther and I would have regarding how diligent we need to be in keeping markets competitive, in maintaining competition and promoting competitive markets. We don't disagree a bit I don't think in terms of the desirability of competitive markets. The question is what's the role of government or parts of society in maintaining competition? And part of this depends upon how temporary we view market power. Luther said earlier today, \"it's difficult to find lasting monopolies that don't involve government.\" Well, you know, I would disagree with that. I think that if you look at the cigarette industry you have a very good example of one that went through and was broken up, and re concentrated, and that the soft drink industry, breakfast cereal industry, they're examples of these industries that remain concentrated, and have monopoly power for many years. In fact there's been quite a bit of work done to examine this very issue. Does monopoly power erode and degenerate sort of naturally over time by competitive forces? And the answer at least for industries like the food industry that's a not a producer goods area and it's not a durable consumer goods, but in the non durable consumer goods areas is that the concentration and the elements of monopoly power do not naturally erode, they continued to be sustained over time. Now, if we look at over a long enough period, maybe a century perhaps it does, but we've looked at this over a 30 or 40 year period and it doesn't show signs of growth. Some people are more more willing to live with this than some of the rest of us. I think that we need to be concerned about those types of monopoly problems. I think that if you take a relaxed attitude towards market failures, towards problems of the lack of competition, then gradually over time, those problems increase and become more and more serious. You don't develop monopoly problems all at once, it happens one merger at a time, or one little instance of predation at a time to drive this firm out of that firm out. RJR Nabisco today you know, what's that represent? Here's a firm that in 1977 was made up of five independent companies, each one was sales over $1 billion. What in the world do we allow mergers like that to take place for? Are there any social benefits? No, no. I mean, they're going to be pretty hard to find. Now Luther is concerned about the intrusion of government and I am too. I think it is important how government enters into the marketing system and tries to affect it. The least intrusive way for government to play a role in maintaining competitive markets is through the antitrust laws. That attempt to maintain fair game, fair practices that give you a level playing field in that attempt to influence or to keep markets from becoming non-competitive through mergers and these types of practice. Very efficient way of trying the influence competition doesn't get in there and set up prices, control supplies, do anything of that sort that we're government often has some difficulty but it can try to influence the competitive nature of these industries. From the evidence I see, that's the sort of thing that we need to be focusing some attention on. If we want to competitive markets to continue to exist and continue to be the major way that we allocate resources in this country. One of the things that seems to be missed by those who was sort of say \"let the market forces go, let the mergers take place, let whatever happens go is that if you eventually get to the point where you have a single firm running an industry, then the alternative of course is to make it into a public utility. That's what we do in some of them. Areas like we didn't telephone of course we do in some of the power areas. So, trying to maintain competition to me is the much more effective way was going well that's enough of my chatter. Let's hear what some others have to say.\r\n\r\n- Bruce and I will have to agree to disagree on some of this. There have been other studies of the food manufacturing industry which find only a fraction of the social costs by Parker and Connor. Secondly, I'm much more conversant with his literature and he seems to be with mine and I even had this quote in my paper. So I'm gonna quote it to you. I wrote this back in the 1960s. \"The pressure of effective competition is a much more reliable go to efficiency than reliance on federal regulation pricing or reliance on the altruistic desire of firms lacking competition to act in the public interest. Maintaining an environment of effective competition among firms is the most satisfactory public policy in industries where economies of size are not large, and are in merger and other public policies to preclude high concentration seems inappropriate or pardon me seem appropriate.\" So I am calling for a policy of keeping an eye on competition and I am concerned about conglomerate mergers at this time. I am also concerned about junk bonds and some of the other things that we're doing now that in my judgment put competition at risk and put the economy at risk. But I'm also scared to death of bureaucrats running these things. I remember the report of David Hopper Who's a very well-known Economist, written a number of years ago, back in about roughly 1960. There was a seminar of social scientists and it could have been in C117, but it wasn't. They gathered in new Delhi, India and they had social scientists from all over India, they had a few government bureaucrats there, They had the minister of agriculture there. And their conclusion was that the social consequences in the cultural disruptions were simply too great to allow high-yielding varieties to come into India. And they should be kept out by all means. In my judgment, the costs in human misery would have been unmeasurable, if that policy would have been followed through. We have a lot of groups today, who are saying, that we should not release new technology until all the economic, social, and political and ethical consequences have been worked out. In other words, they want a kind of socio-economic environmental impact statements before any new technology is released. Well, let me tell you if that were implemented, we will have seen the last of new technology. Because we will not achieve full agreement on those things. So a proper balance must be kept, but please don't label me as one of those who does not favor some kind of examination of antitrust policies. And now George Naylor.\r\n\r\n- Thank you. I apologize for not wearing my suit and tie tonight we had intended to be out in the audience there with you. But I appreciate very much this opportunity to respond to Dr. Tweeten and Dr. Marion's remarks. As Dr. Comstock mentioned this afternoon the solutions that will be found for our problems, will be found in the crucible of open debate. And this open debate means that we need to avoid labeling people whether it be conspiratorialists, communists anti-Semitic Nazi's or Luddites. We can't afford McCarthyism in these times. I feel that it's important that somebody tonight present a view that family farm agriculture is important whether we use religious or humanistic values, and that we can choose policies to ensure family farm agriculture. I happen to be Education Director of the North American Farm Alliance, and I'm also a member of the Committee of the Churches Society of the Fort Dodge District of the United Methodist Church. And I've been active in the farm movement 10 years. It was about as long as I've been farming. My family has farmed in grain country for over 100 years and I consider myself very lucky to be a family farmer. I hope that before long we can enact legislation so that my farm will be one of many more family farms in the United States. Not fewer. I ask you to join this endeavor to join the family farm moment in regaining control of our political and economic institutions. We can pass the Family Farm Act also known as the Harkin-Gephardt Bill. We can ensure that all our people are well fed with nutritional safe food that our soil and water resources are protected. That we do have family farmers that will be our good stewards of the land. I say our good stewards of the land because without family farmers, our soil, and our water and our food supply will be at the mercy of absentee landowners and greedy agribusiness corporations. I want to be clear that I agree with Dr. Tweeten, that the root cause for losing 650,000 farms since 1980 is not monopoly. Monopolies are a problem, but they are not the problem. They're not the problem because family farmers have suffered economic setbacks and cultural discrimination throughout our history whether they were big corporations and banks or not. Even Thomas Jefferson lamented the booms and the bust and the economic disarray suffered by the yeoman farmer in his day. No it's because of a bigger economic picture. It simply boils down to the equilibrium point where aggregate demand meets aggregate supply is unstable. And far much of the time is it rest at a chronically raw rate of return for farmers. I quote Dr. Tweeten's report he alludes to this problem. He says \"economic theory predicts that one if input supply, two farm, and three marketing sectors begin as perfect competition.\" That's way back in our history. When before maybe Thomas Jefferson was president. subsequently, become monopolistic in 1987 and all through our history, then the farm sector will experience low prices, incomes and rates of return relative to the input supply and product marketing sectors. And I continue to quote, \"however if resources are the farm sector are mobile then farm labor management and equity capital after making adjustments to incentives will earn rates of return comparable to those of other sectors.\" And end quote. Yes, but then that could be true in the long run but after we had an exit of many farmers, under duress leaving the land not willingly. Our continent was settled across the continent by displaced farmers seeking to escape financial burdens and hardship. I believe John Deere himself experienced financial hardship millennia Illinois as a result. Moving out West was the solution for many a decade until 1933 when farmers moved West, but found no land, without no jobs, they were the Okies and our soil moved across our fair land in huge clouds of the dust bowl. It became clear that this was the end of the road for the free market. It was clear that the free market serve neither humanistic values nor religious values. For that matter, a modern economy could not even operate with the uncertainty of the free market. Ever since farm prices have been set in Washington, D.C. Price supports are also today in 1987 a feature of the economies of most of the world. You would have a hard time convincing any government that they should do away with their price supports. So despite all of the free market rhetoric to the Reagan administration, and Dr. Tweeten and other Economists in 1987, we have the most government intervention in the agricultural economy in history. Not only in agriculture, but in financial sectors and trade, et cetera our whole lives now. The system requires it. But even so farmers are going broke and they will go broke. I have a chart here that the food and agricultural policy study Food and Agricultural Policy Research Institute put together on net farm income, projected net farm income through 1985 under the 1985 Farm Bill and you can see it's going to decline over this period. So why is this the case? The real question is in whose interests are price support set? Who makes policy, and who is going to benefit from that policy? In our experience, the major opponents to a farm program that would benefit family farmers and give family farmers a fair return on their investment in their labor have been the agribusiness corporations. Last, in 1985 when we lobby for the farm policy reformat it coalition was put together to oppose that bill. It was called the Farm Coalition Group. Have any of you heard of that group? You might confuse it with the Iowa Farm Unity Coalition but not this, this Farm Coalition Group consisted of trade organizations such as the American Meat Institute, the Cotton Council, the Bakers Association, the Wholesale Grocers Association, and The fertilizer Institute right down the list. Then of course then there are USDA officials like Secretary of Agriculture who eventually go to work for big food and agricultural businesses. For instance John Bock, who went to work afterwards for The Wholesale Grocers Association and was put on the board of John Deere. And of course the third group of people that oppose our legislation for family farms are Professors, Economics Professor who seem to be afraid of rocking the boat. In my experience in the farm movement I have had many debates with Dr. Tweeten I have seen him the Washington, D.C. In 1978, his paper was the resource paper for Secretary Bob Berglund. When he made a report to the congress on the status of the family farm. That report said \"family farms are just great their everything is okay, don't worry.\" In 1980 Texas A\u0026M, I visited with him at a conference at that time, family farm agriculture is okay. Don't worry about it. In Des Moines in 1983 and hence 1987, everything's okay. You heard tonight, we have too many small efficient farms. You have to have $250,000 gross income to be efficient. Is that a family farm? Not very many, It might be a multifamily farm but most farms that size have hired labor. So we're talking about the Des Moines of the family farm make no mistakes about it. And I think that the family farm is not in good condition and that we are going to have change policy if we have family farms. But I ask you to join together with me and with the farm movement to pass legislation so that we can have family farms for you young people here tonight and for the next generation. Thank you. I would love to have some time to play us some specific disagreements I have with professor Tweeten but I understand that we may not have time. I would encourage you to pick up a set of these charts that came from the Food and Agricultural Policy Research Institute here at the Iowa State University and University of Missouri, that compares the outcome the 85 Farm Bill, The Food Security Act they call it with the Harkin-Gephardt Bill that we're promoting. It's very revealing. And also I would like you to pick up a copy of this booklet that I edited for The United Farmer and Rancher Congress that was held in St. Louis last year. If I haven't gotten my ideas across I encourage you to read this and you might pick up on some ideas. Thank you.\r\n\r\n- I would like to respond to that. And I would like to go back to a statement that I made earlier and that is the unintended consequences of government policy usually exceeds the intended consequences. And it was interesting that Harkin- Gephardt was brought up because that's a classic example of that situation. How many of you are aware that under the Harkin-Gephardt Bill wheat and feed grains would be put together in referendum. And all it would take would be a 50% majority in order to impose mandatory controls for all wheat and feed grain farmers. Which means since 5% of the farmers, grain farmers... Pardon me 50% of the grain farmers produce 5% of the grain. In theory, the farmers who produce 5% of the grain could impose their will on the farmers who produce 95% of the grain. And maybe you want it that way, I don't know. The wheat farmers wanted a lot more than the feed grain farmers, feed grain farmers have never had it, they did give no indication, we've had all kinds of straw polls we've conducted surveys of them they vote against it very strongly, the wheat farmers tend to favor it. How would feed grain farmers likely to have mandatory controls imposed on you by us wheat farmers from Oklahoma? That's good.\r\n\r\n- Are you saying, are you saying--\r\n\r\n- Okay wait let me finish. Let me finish. I'm not through with the unintended consequences yet.\r\n\r\n- Okay.\r\n\r\n- One of the provisions is that if you don't like to go along with those mandatory control provisions you can produce grain on your farm and you can feed it on your farm.\r\n\r\n- Not in this bill, no.\r\n\r\n- I got the latest bill from the Harkin and I just got one the other day and it contained that provision said, \"if you produce grain on your own farm, you feed it on your own farm, you're not subject to the limitations you can't market it at 70 to 80% of parody.\" But that's the provision in the bill that they sent me. Now unintended consequences. If you're a poor farmer in Arkansas who purchases his feed to feed broilers or younger and integrated operation, these integrators are not gonna fool you very long because they're gonna have to pay $5 or more for their grains. Whereas if they let the broilers be produced on the farm where the grain is produced they can get it done for the cost of production. So what would happen is that these thousands of feeders of broilers would simply be wiped out. If they keep that provision in. Now, maybe they're taking it out. But I was told that they have not yet taken it out. Furthermore, if you look at the study that was done by Missouri, one of the kickers they put in it there is an export cartel. Did you know that?\r\n\r\n- Yep.\r\n\r\n- Are you the farmers in Iowa? I hope this they'll get it in the paper. Are the farmers in Iowa ready for an export cartel? No, it'd be very much like OPEC. And those of you, this is a religious studies program. Those of you who are associated with churches and so forth should think about what the OPEC cartel has done to the world. And ask what a cartel in food could do to the world? What an upsetting factor it has been? And who would be the Saudi Arabia of this arrangement? Was that what you want to get into? I'm not sure. Another provision of the Harkin Bill is that it contains a mandatory diversion of 25- 35% depending on whether you're a big farmer or a small farmer. Well, the excess capacity right now in grains is about 35%. And let me tell you that a diversion it is a rough rule of thumb to reduce your production by 10%, it takes a 30% diversion program. And with 35% over capacity--\r\n\r\n- When it's voluntary, when it's voluntary.\r\n\r\n- When it's voluntary. But remember, there'd be an incredible amount of slippage under the Harkin Bill.\r\n\r\n- No it's a mandatory program everybody has to--\r\n\r\n- Have you looked in the Missouri study, what kind of a diversion they required?\r\n\r\n- Yep i have.\r\n\r\n- And how big did it take?\r\n\r\n- It's very seldom more than 35% very little in most cases it's much under 30%.\r\n\r\n- It's more like 50-60%. That's what it would take.\r\n\r\n- I'm Sorry.\r\n\r\n- That's what it would take.\r\n\r\n- And let's say I'm not through yet.\r\n\r\n- Well--\r\n\r\n- Let's take let's, lets--\r\n\r\n- At some point are you gonna allow me to respond to some of this since we done have--\r\n\r\n- Yes I will but first let me finish first let me finish. In the case of wheat the domestic demand grows at about 1% a year and we would basically lose the export market. Productivity in wheat yields and wheat have been growing in recent years at the rate of 1.8% a year. That would mean that farmer allotments would be have to cut every year. They'd have to be cut every year. I don't know how farmers would feel about that but I think they'd take a very dim view of having to divert 50-60% of their acres and then having that allotment cut every year. In other words, I think furthermore, the Harkin Bill costs more than the current farm program which is an interesting feature to it.\r\n\r\n- Well can I respond?\r\n\r\n- Yeah go ahead.\r\n\r\n- Okay good. And as was the case with most of the points that Dr. Tweeten made through his space I disagree with just about everything you said, Dr. Tweeten says, \"we should feel sorry for the for the poor Arkansas little farmer who's working for one of these integrators like Cargill and Cotton Yeah.Their livelihood hangs by the thread of whether they produce enough pounds of chicken with them feed the cargo provides them. And if they miss out by 1/10th of a pound or 100 to the pound gain they're out of business and they're thrown on the unemployment lines. and they have to count out whatever Cargill and Continental Tyson Foods says. 51 vertical integrators produce virtually all of the broiler chickens in the United States. I think it's 8-10 vertical integrators produced 70% of the broilers in the United States. in 1978, already 400 feedlers produced it.","format":"text/plain"},"target":"https://iastate.aviaryplatform.com/collections/2486/collection_resources/46873/file/120279#t=0.0,2804.952"}]}]}]}