What was the purpose of the subtreasury plan?

The Subtreasury Plan, proposed in the late 19th century by the Farmers' Alliance, aimed to provide farmers with a more favorable financial system. It sought to establish government-operated warehouses where farmers could store their crops and receive low-interest loans based on the value of their stored produce. This would help farmers avoid exploitative practices from banks and middlemen, stabilize their income, and give them more control over the sale of their products. Ultimately, the plan aimed to alleviate agricultural distress and promote economic independence for farmers.