 How are you? How are you? How are you? Is that fine? How are you? How are you? I'm delighted to be here with you. And the Father is great. Yes, I'm all right. Thank you for a great idea. You're welcome. Bye. Good luck, Mr. President. I love you. Thank you. You have the senior best of the best. Yes, I love that. Thank you, Mr. President. I want to ask you something about the report. Feel free to say it. I'm here to tell you a little bit more. Do you see him? Do you see him? Do you see him? Do you see him? Do you see him? Do you see him? Do you see him? Do you see him? the one operation that has just been completed in which we could become closer and have more of a partnership and look forward to the main visit of the gentleman here from you. Well, Mr. President, first of all, we would like to thank you very much in the opportunity of having this conversation with you, who are with three things from specifically asked personally, to send his warm regards to you and his hope for the most successful meeting. I think I, hello, please. Mr. President, these are the farm editors from across the United States and they're here in Washington and I had the opportunity to speak to them and they do a great job of communicating the situation and agriculture to the public and I'm pleased that you have a chance to meet with them. Well, I am too and I won't try to say now an individual, although to each one of you but I understand that I can go over by the door and then we're going to have individual pictures taken with each of you and then I'll be able to shake hands and say hello with each of you. But I want to just add my welcome, as I said, I probably introduced some very, or interrupted some very solid information that was going on here. I think that all of us are aware of the agricultural community had some problems in the country. I've always felt that they probably felt the cost-price squeeze during the big inflation days more than any other segment of our society and like unemployment there, one of the last to be able to come back as we have this recovery we now have. I think that our big battle still remains and continues dropping the interest rates. The inflation has certainly made a, reducing inflation made a difference but to some industry it also has been part of the problem because there as much as any segment of our society there was a tendency to do business on the basis of continued inflation. The property values would continue to rise and so forth and now we're seeing the effect of borrowing based on a value that has now begun to deflate and get down to a lower level and that's a very great hardship for many. Maybe you've told some of you at times that I have a little more understanding I think of the farmers' lot than just sitting here at a desk or having been governor of California. For a number of years I've been one of those part-time ranchers and I've come with stories that I now definitely consider the ranch a vacation spot. I remember one experience there. First I was breeding horses and at the same time running some grazer cattle and the horse business could be a hard break. In the cattle business I remember one day when I received a notice that I was in a buousalosa so therefore the state veterinarians would show up and I would have all the cattle where they could be individually running a shoot, where there are buousalosa shots and vaccinated but if there was, they would also determine if there was any buousalosis. So I got them all in the corral and that wasn't easy. Then they arrived and they started the process and I was a little curious and I said what happens if you find that these had buousalosis? They were all steers, grazing cattle, grazed and sold with an increasing weight and the doctors told me that well then I would have to sell them for beef and between the federal and the state government I would wind up getting $75 a head in addition to the sales price for having made the first sale. And I said well wait a minute, if they had buousalosis what do you mean? I could sell them for beef and then they explained to me that buousalosis only affects the milk. The steers don't have milk. Sure, my inspector was impressed. I said it wouldn't hurt with regard to the beef. I said let me get this straight. I sell them, I get whatever I get back for them plus $75 a head for having made the sale. He said yes. I said I only have one more question. Where can I find a lot of steers with buousalosis? That was my other one was when I thought with all that ranch country going to waste out there and not going to waste but not be fully utilized. There wasn't any reason why we shouldn't be able to have our own fresh eggs at home instead of bringing them from the market. So I put in the batteries and got some chickens and we started having fresh eggs. It was just wonderful. I went to the ranch and ride a horse for a while and men some fence and then we'll pick up the eggs and come back into town, except they discovered that the eggs only cost me $1.65 a piece. I'd like to do better shopping. Well, there's only in passing they don't have anything to do with the serious situation. I'm the farmer today and we know that as I say many of these problems have been caused by what had to be done and still has to be done even more completely and that is bring down inflation and get back to a stable economy. Some of them were caught with debts that were out of proportion. I understand that these figures that the possibility of foreclosures or bankruptcies is probably running between 2 and 4% or will in this coming year, but that normal average is 1 to 1.5% so I think we have to keep that in perspective but it doesn't lessen the tragedy for the farmer who finds himself in that position. Do you have something to say? How effective is U.S. farm policy when people are starving around the world and our country is continually trying to hold back production here at home? How serious is it? I guess how effective is our farm policy when that sort of situation exists? Farmers will often tell you that why are we cutting back when people are starving in other parts of the world? Well, for one reason, if it was just a case of farming and raising and producing and we are doing a lot of this of delivering and giving the food to those people who are suffering under starvation, as I say we are doing a lot. How do you ask the farmer to continue producing as a cost to producing and then have no market accepted to give it away? There's no question about this being a hungry world and it's a tragedy that in a hungry world today we find that we can produce and we can produce enough food to alleviate that. As I say, we have done, we have programs that are based on doing that and it's government spending that's bringing it about. Right now, one of the things that I haven't mentioned, and maybe Jack has that's affecting the farmers also, is that our farm economy has become a great part of our export industry. In fact, balance of trade would be much more desperate if we didn't have the farm exports. But there has been a drop in that simply because of our own economic recovery which has placed our dollar at such a value that the rest of the world, number one, currency does not weight up to that value but also they have not recovered as fast as we are recovering and they just are unable to afford as much to buy as much as they were before. I think it's not going to happen again. She's already hungry. Go on. Good. I just want to get a little bit slower to take yours. You said a lot of time in the farm situation. When do you predict that the farm situation will turn around? When do I predict it will come around? Only scottily economists make predictions of that kind. You know there is a story. I tell stories about economists because that's what my degree was in. I'm supposed to be one too. But I have come to believe that one of the first things I learned about economists was true and that is they have a 5-beta kappa key at one end of their watch chain and no watch on the other end. Well, I think that with the NINFARN program you all should have been there to play us through the bill signing and the rose garden out here. I think with that, I'm optimistic about it. The prices are up and are holding firm. Thanks to the park for our pit program. Some other things, just the economic recovery. So I think we're going to weather this storm. I'll go over here and look forward to it. Thank you.