Word: bensons
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Dates: during 1950-1959
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...will be wrong. Scores of U.S. diplomats are working day and night, trying to allay the raging resentment of allies over the U.S. program for disposing of parts of its $7 billion accumulation of surplus commodities. Last week the storm reached a new intensity when Agriculture Secretary Ezra Benson announced a desperate "test." The U.S., under the plan, would export 10 million lbs. of surplus butter for competitive bidding on world markets...
Where it couldn't cram its surpluses down foreign gullets, the U.S. seemed determined to force-feed its own. President Eisenhower, taking a tip from Lacto-phile Pierre Mendès-France, announced that the nation's armed forces and schoolchildren were going to get more milk. Benson urged the nation to eat more eggs. With U.S. hens laying 270 million more eggs in January than the record nestful of a year ago, Benson had reason to be alarmed. "Besides being friendly to your budget," cackled an urgent Agriculture Department brochure, "eggs are friendly...
Moscow's Pravda last week reported that in New England's factory towns the people could not find "meat, butter or even margarine" in the stores. This was the usual Pravda flimflam, but bedeviled Ezra Benson could almost wish it true. No end is in sight for the flow of surplus food stimulated by the Government's farm price support program...
Agriculture. The President stood firm behind Secretary of Agriculture Ezra Taft Benson's farm program. Said he: "Farm production is gradually adjusting to markets, markets are being expanded and stocks are moving into use. We can now look forward to an easing of the influences depressing farm prices, to reduced government expenditures for purchase of surplus products, and to less federal intrusion into the lives and plans of our farm people . . . I urgently recommend to the Congress that we continue resolutely on this road...
...billion) on new plants and equipment than in 1954, largely because of a 40% spending cut by automakers from the record $1.3 billion new-model outlay in 1954. Some industries, e.g., textiles and coal, were still in trouble. The farm problem was still tremendous. Though Agriculture Secretary Ezra Benson won a notable victory in his fight for flexible supports-and farmers, like investors, seemed willing once again to take a chance-the surplus commodities held by the Government totaled $6.6 billion at year's end v. $4.2 billion in 1953. Union labor, which was as cautious as businessmen during...