By comparison. during the 10year period between 1959 and 1969 beef production was increased from 13.5 billion pounds to over 21 billion pounds. a gain of over 50 percent in 10 years or about 5 percent per year. It was a rate of gain far greater than that which must be accomplished to give us the beef we need during the coming 5 years. In all candor the worst possible prescription for action is that proposed by the Monagan subcommittee that the floodgates of our quota system be opened and prices in our cattle markets be pushed down by a mounting tide of imports. Such a course of action would destroy any hope that the domestic industry will gear itself for expansion. I am grateful to the Senator from Wyoming for having brought this subject up. because it is about time that the literature started building up to produce the true facts. not the facts that are selectively depended upon for such documentation as the alleged report of the other body. but the true facts and the overall picture.
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quota system