Corn loans "immediate necessity" President Roosevelt told. Washington, D.C., Oct. 20. Corn loans of 60 cents a bushel are an "immediate necessity", Edward R. O'Neal, (center) President of the American Farm Bureau Federation, told President Roosevelt at a White House conference today. The condition of farm prices is one reason for the stock market being so jittery, O'Neal told newsmen following the call. Earl Smith, (left) President oft he Illinois Agricultural Association, and Clifford H. Gregory, Editor of Wallace's Farm Journal, were also in on the Conference. 10/20/37