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Secretary of Agriculture Ezra Taft Benson presented himself before the Senate Committee on Agriculture and Forestry one morning last week, radiating ease and self-assurance. Three days earlier, President Eisenhower had sent to the Congress an 8,000-word farm program designed to reduce the country's agricultural commodity surpluses and to end the down-drift in farm income. The President had held firmly to Benson's principle of flexible price supports, making no concessions to those-including Democratic Candidate Adlai Stevenson-who advocate rigid high price supports...

Author: /time Magazine | Title: AGRICULTURE: Attacking the Surpluses | 1/23/1956 | See Source »

...Benson told the Senate committee that the surpluses lay at the heart of the farm problem. "Our surpluses must be reduced as the essential precondition for the success of a sound farm program," he said. "Storage costs run about a million dollars a day." Worse, the surpluses, which were largely created by high price supports, depress the market; the high supports thus have the opposite effect to that intended. Benson told the Senators: "The huge surpluses reduced farm income in 1955 by the staggering sum of more than $2 billion. What the President proposed is a direct and effective attack...

Author: /time Magazine | Title: AGRICULTURE: Attacking the Surpluses | 1/23/1956 | See Source »

Soil-Bank Plan. The heart of the President's program, Benson testified, is the "soil-bank" plan, designed to cut plantings of wheat and cotton by perhaps 20%. The bank would consist of an "acreage reserve" and a "conservation reserve," which would cost the taxpayers $1 billion over the next three years. Farmers choosing to join the acreage reserve would take specific acres temporarily out of production, receiving compensation based on a percentage of the normal yield. Compensation would be paid, Benson testified, in a novel way: the farmers would get certificates redeemable by the Commodity Credit Corp...

Author: /time Magazine | Title: AGRICULTURE: Attacking the Surpluses | 1/23/1956 | See Source »

Warned the A.M.A. in its weekly Journal: "If physicians answer them, the information could be used in almost any way to the disadvantage of the profession." The American Research Foundation turned out to be an affiliate of Benson and Benson Inc. of Princeton, a market opinion and consumer research organization. Benson and Benson said it had mailed the questionnaires for a client, but declined to identify...

Author: /time Magazine | Title: Medicine: Consultation on Ike | 1/16/1956 | See Source »

October. Ezra Taft Benson will propose a new solution to the farm problem: plow under every third farmer. The CRIMSON will go to Wellesley to conduct the Miss Radcliffe contest. The Government and Economics departments will cancel all courses since their professors are working for "Democracy...

Author: NO WRITER ATTRIBUTED | Title: Tea Leaves and Taurus | 1/9/1956 | See Source »

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