Word: butter
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Dates: during 1950-1959
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...about U.S. wheat exports, angrily claiming that U.S. "giveaways" and bargain-price wheat deals were ruining Canada's foreign markets. Last week Canadians found themselves on the receiving end of a similar blast. New Zealand filed an official protest in Ottawa against the dumping of low-priced Canadian butter in Europe, where it is underselling New Zealand butter...
Canada has made two butter deals in the past few months to export some 9,000,000 Ibs. to Czechoslovakia and East Germany. These were not exactly giveaways, but it was no secret that the deals were uneconomic; the selling price was 39? and 40? a Ib., one-third less than the support price that the Canadian government pays to the farmers. What hurt the New Zealanders was that they had been selling butter to Czechoslovakia at 50?, and making a profit, until the cut-price Canadian butter greased the skids under their market...
Canadian officials tried manfully to defend their embarrassing position. For one thing, they protested that they were unaware that Czechoslovakia was a New Zealand butter customer. Then Canadian Agriculture Minister James Gardiner explained that since such a comparatively small amount of butter was involved, the matter was unimportant. "This is nothing like the wheat situation," said Gardiner. "We've only got about 10 or 12 million Ibs. of butter that we don't need, and we're prepared to take a lower price for it." That was entirely correct-and it was virtually the same explanation that...
...storage, not overproduction. Despite a huge surplus-disposal program, the U.S. Government still holds 6,327,000 bales (a year's supply) of cotton, 913,000,000 bushels (a year's crop) of wheat, 657,703,000 bushels (three months' supply) of corn, and hoards of butter, cheese, dried milk, barley, beans, flaxseed, sorghum, oats, rice, rye, soybeans, honey, peanuts, tobacco, wool, winter cover crops, linseed oil, olive oil, tung-nut oil and whey. Except for these market-depressing surpluses, the consumption of U.S. farm products in 1955 would be only 1% less than production. Obviously...
...Lowenberg even advocate colored ice cubes to put in milk, and such fancies as "green mashed potato nests with ham" for a Christmas party. t| If a child does not feel like taking his breakfast protein in milk or eggs, it is all right to give him a peanut-butter sandwich before school-or chipped steak...