Word: brannans
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...Farmers are earning less for their labor, less for their investment and less for their management ability than are other segments of our economy." So Secretary of Agriculture Charles F. Brannan plaintively told a congressional committee recently. From 1947 to 1950, said Brannan, farm net income, dwindled by 27% to $13 billion, while the U.S. national income increased 18% to $235.6 billion. Concluded Brannan: the U.S. farmer is not sharing the postwar prosperity...
Last week, Brannan's own Bureau of Agricultural Economics sang a different tune. Said the bureau: prices of farm land are now the highest in history; farm land jumped 14% between March 1950 and March 1951. "The upward pressure on farm land prices," continued the bureau, "has naturally been strongest in those areas where prospects of higher farm income in 1951 and later appear to be the most promising." In corn-rich Iowa last week, farm land was selling for $400 an acre, compared to $350 last year; from Ohio westward to South Dakota, swollen farm prices boomed real...
...Williams unearthed another odd example of Government arithmetic last week. In April 1950, said the Senator, the Air Force leased a Government aircraft plant to the National Terminals Corp. of Cleveland for $2,083 a month. National Terminals turned around and rented it for $12,000 a month to Brannan's Commodity Credit Corp. as a storehouse for 359 carloads of surplus beans. By October 1950, when the Defense Department reoccupied the plant, CCC had paid National Terminals $58,602 in rent. Net profit to National Terminals for leasing storage space from one U.S. agency and renting...
Hicks, author (The Great Tradition), once an editor of the Communist New Masses, had just got around to analyzing the Nation's 120-page 85th birthday edition of last December, which, he noted, had carried congratulations from President Truman, Secretary of Agriculture Brannan, Mrs. Roosevelt, Trygve Lie and others. In the outsize edition, Hicks found a "general line of ... bias ... in the direction of giving the Soviet Union the benefit of almost every doubt, and the United States the benefit of very little doubt at all." Hicks broadened the indictment of Nation foreign policy made last fortnight...
...movies to sway public opinion ... [it is] making history in the field of farm politics." Does it mean, he went on to ask, that the movie industry "is going to bat to knock the Government out of agriculture?" "The cartoon," said Satirist Sutherland, "was not aimed specifically at the . . . Brannan Plan, but if the shoe fits, they can wear...