Word: brannaned
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Dates: during 1940-1949
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...last week Secretary of Agriculture Charles F. Brannan suddenly changed the rules-and drove the shorts to buying to cover their contracts. Brannan had been begging Congress to give him the power to buy or build additional storage facilities. When Congress finally passed such a bill last week, Brannan acted fast. He not only used the powers Congress had just given him, but dusted off some old ones-which he had had all the time-to give the farmers a lot more...
...session of Congress yesterday by stripping the hotly contested health insurance and civil tights proposals off the "must" list. At the same time, Senate Majority Leader Scott Lucas indicated he expects no Senate action this session on President Truman's $4,000,000,000 tax boost plan, the new Brannan farm plan, or the foreign arms program...
...objection to this formula is that it will not respond to any major agricultural trend until five years have passed. The last ten years have been amazingly plush for agriculture, and market prices are likely to drop considerably in the future. Since the Brannan plan shifts the financial burden from the consumer to the Treasury, the immediate effect of the plan would be a large drain on the public funds. But any subsidy plan essentially involves a redistribution of income, and this becomes a question of how much income will shift from the tax-payer to the farmer...
...always giving them a good price. This problem is handled by marketing quotas, drawn up by the farmers themselves. A quota limits the amount of a commodity a farmer can market, if he wants to receive subsidy benefits. This method, in effect, gives the farmers monopoly powers. Under the Brannan plan, the quota system would be greatly expanded. This part of the plan has raised the howl of "government control" in Congress. The main argument against the quota system is that it is liable to be abused by the monopolistic groups. On the other hand, quotas give farmers protection that...
Congressional reaction to the Brannan plan indicates that it will probably not be adopted in this session and certainly will not be adopted without extensive modifications. The Administration looks for great political appeal in the plan--to the farmers with high support prices, and to labor with low market prices. Although at present the plan is largely the result of campaign promises, it contains some interesting possibilities for a long range agricultural plan...