Word: aaa
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Dates: during 1930-1939
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Growers of dark and burley tobacco, 240,000 strong, last week voted on AAA's proposal to impose compulsory marketing quotas on their crops for 1939. Result: 61.2% Yes for burley, 60.5% Yes for dark, both short of the two-thirds approval necessary for the quota. Since flue-cured tobacco growers and rice farmers turned down quotas last fortnight and cotton is the only major crop that has yet accepted one, for the next crop year AAA's score is one "victory," four "defeats." Result: an increase in the already flourishing crop of pre-Congress AAAttacks, AAAlibis (TIME...
...Supreme Court invalidated AAA's processing taxes, which had been paying most of the subsidy bill, and a worried Congress hastily patched up the old soil conservation law to deliver as "soil conservation payments" the checks the farmers wanted. With subsidies at $287,000,000 and income at $7,920,000,000, Franklin Roosevelt carried 46 States...
...subsidies amounted to $367,000,000, and Congress, deciding to make a good thing permanent, wrote a new AAA providing compulsory controls as well as voluntary (i.e., subsidized) crop reductions. Farm income...
...first year under AAA II which was designed to keep five major crops up to "parity prices." only one crop (at average farm prices), tobacco, is selling above parity. Corn, at 41? rice at 58?, cotton at .08?, all stand just above half. Wheat, at 52?, is less than half. For the first time in five years farm income has backslid-10%-to $7,625,000,000. Over Franklin Roosevelt's budgetary wails, Congress voted a $212,000,000 appropriation for direct parity payments plus the $500,000,000 earmarked for soil conservation payments; but in the election farm...
This year when Wallace revamped Agriculture (primarily to lessen the conspicuousness and vulnerability of AAA by splitting its functions among other divisions), he upped four trusted men to the chief jobs around him. Bald Howard R. Tolley, a thinker like his boss, was relieved of his tasks as Administrator to head the revamped Bureau of Agriculture Economics. Economist Albert G. Black, an energetic, 42-year-old idea man, was given Marketing & Regulation. Promoted to head new divisions were Soil Conserver H. H. Bennett (Physical Land Use) and Chemist Henry G. Knight (Research & Technology). Closer than any of these...