Excerpt from Extension of the Wool Act of 1954, as Amended: Hearings Before the Subcommittee on Livestock and Feed Grains of the Committee on Agriculture, House of Representatives; Eighty-Seventh Congress; First Session Also, when growers go to their financing institutions this summer to obtain necessary loans to buy breeding stock for next year's breed ing, their bankers will need assurance that the act is going to be continued, so that they can determine the growers' financial position when loans are to be repaid in 1962 and subsequently. In spite of the most widespread and continued drouth in history of the ranching area, starting about the time the Wool Act was passed and continuing for some years, thereby causing depletion of a great man ocks, and in spite of increasing costs of all our supplies and the abor to operate our farms and ranches, we have increased our annual shorn wool production from 234 million pounds just prior to the inception of the Wool Act to 265 million pounds in 1960. I am sure you realize that the growing of sheep and wool is a busi ness that can neither be initiated very rapidly, nor can it Operate on a day-to-day basis. It is a long-time operation. That is one reason why it is so important for the Congress to pass an extension of the act at the earliest possible date, and put it on a permanent basis. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."