Henry A. Wallace, Agricultural Economist

The contributions of the late Henry A. Wallace to agriculture, especially in the field of agricultural economics, are reviewed by one who worked with him during his years as Secretary of Agriculture. His early studies in agricultural prices, his pioneer use of statistical tools in price prediction, and his work on hybridizing corn are recalled. His work as Secretary included drafting competent agricultural economists for key posts in the Department, insisting on careful economic study as a prelude to decision making, establishing a Consumer's Council as a watchdog for consumer interests, and improving conditions for farmers through production control, soil conservation, government purchase and storage of surplus crops, rural resettlement, and rural electrification. As Vice-President, he created the Board of Economic Warfare and directed its planning toward achieving the right kind of peace. As Secretary of Commerce, he supported the Full Employment Act. After his retirement from public life, he continued to work on increasing the productivity of poultry and farm plants. Throughout his life, his concern for the common man in the underdeveloped nations led him to support proposals which later were actualized in such organizations as the FAO and AID.