Word: bensons
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...Department of Agriculture began buying corn to support its price (in 1933), farmers voted last week to abolish the acreage controls that went with the high, rigid props. In 26 commercial corn states 346,976 farmers voted 71.1% for a new program proposed by Secretary Ezra Taft Benson. Result: next year corn growers will give up a system that paid 75% to 90% of parity if they planted no more than a Government-set limit, turn to a system that sets the props closer to real market value (i.e., 90% of the previous three-year average, but not below...
...This was the first clear-cut, realistic choice farmers have ever had on the question of controls versus freedom of decision," crowed Benson. "Farmers are now free to plant as much or as little corn as they wish, with the safeguard of a reasonable support level. They have acted in their own, best long-term interests...
Costlier Handouts? The vote may, as Benson devoutly hopes, provide a long-range step-down of subsidized prices toward market prices, may help trim the monstrous program that inflated USDA's current budget to $6.9 billion. But, in the short haul, Benson's economy-seeking victory could become the costliest cornucopia in the history of subsidies.* In recent years only a small proportion (12% in 1958) of corn farms qualified for high supports by staying inside the Government's acreage limits. Farmers who planted more fed it to livestock, sold it on the open market-or sold...
Uncertainty Removed. The big threat to the Treasury lies in the fact that Benson's scheme removes all uncertainty about what a farmer can get for his corn, no matter how big the crop. The price: $1.12 to $1.15 per bu., about 12? lower than high supports would have been, but 6? to 9? per bu. higher than the present price peg for noncompliance corn. At Benson's price, efficient growers can make good money on all the well-fertilized hybrids that their big tractors can cultivate...
Territorial Labor Commissioner Henry Benson, 48, for Congress v. former Attorney General Ralph J. Rivers, 55. Seaton hardly needed to mention the second G.O.P. senatorial candidate, Juneau Attorney R. E. Robertson, who is certain to be defeated by popular Democrat Bob Bartlett, for 14 years Alaska's territorial delegate to Congress...