Word: bumpers
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...bumper crops would not bring cheap food; the support program would keep most prices up, despite the huge surpluses. During fiscal 1949, CCC poured out $3.1 billion for loans and purchases to keep up prices on 31 commodities, just about five times the outlay in 1948. At the fiscal year's end in June, the agency had $2.3 billion tied up in loans and inventories, showing a paper loss of $356 million for the year at current market prices. Most of the support money went for only seven commodities: cotton, $822 million; corn, $470 million; wheat, $640 million; flaxseed...
...will be recouped when CCC sells its holdings, but in actual practice the taxpayer has been hit with some fantastic losses. Because of a potato surplus in 1947, the Department of Agriculture last year restricted the acreage. But farmers simply planted rows closer together and presented CCC with a bumper crop of 446 million bushels. Net loss to date: $203 million. In the coming potato season Congress may get tougher and tell farmers, not how many acres they can plant, but how many bushels they can grow...
...Bountiful Earth. New technologies which had fairly revolutionized agriculture were producing another year of bumper crops. Under man's ingenious hand, was the earth becoming more & more bountiful? Secretary of the Interior Julius Krug said he was thinking of asking for a "few hundred million dollars" to harness the sun to heating plants and farm production...
...Harvest. Since war's end, fans had been wondering impatiently when baseball's new crop of talent would be reaped. As the season neared its mid-point they had their answer. Dino Restelli was the most sensational of a bumper crop of rookies who had had to go to war before becoming big-leaguers...
Wrong Guess. The bears had made a bad guess. They had been banking on the fact that U.S. grain elevators were so clogged with surplus wheat from last year (TIME, June 6) that farmers would not be able to store the bumper crop now being harvested-and thus get no Government support loans on it. Dumped on the market, the grain would drive prices lower...