Yeutter Institute of International Trade and Finance


Date of this Version


Document Type



U.S. Department of Agriculture Office of the Secretary


Franklin Roosevelt said during the Great Depression, 11 The only thing we have to fear is fear itself." That may have seemed ironic to the man standing in line outside a soup kitchen at the time. But the statement was true; in the 1930's, we let fear drive us into some policies that worsened the Great Depression and made it longer and more far-reaching than might otherwise have been the case.

By the same token, our attitude toward the present recession can play an important role in getting us out of it. And nothing will do more for American agriculture than a strengthening of the general economy in which farmers must operate.