Word: cornes
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...prices, may help trim the monstrous program that inflated USDA's current budget to $6.9 billion. But, in the short haul, Benson's economy-seeking victory could become the costliest cornucopia in the history of subsidies.* In recent years only a small proportion (12% in 1958) of corn farms qualified for high supports by staying inside the Government's acreage limits. Farmers who planted more fed it to livestock, sold it on the open market-or sold it to the Government under a slightly lower price prop, which Benson obligingly extended to such "noncompliance" corn three crops...
Uncertainty Removed. The big threat to the Treasury lies in the fact that Benson's scheme removes all uncertainty about what a farmer can get for his corn, no matter how big the crop. The price: $1.12 to $1.15 per bu., about 12? lower than high supports would have been, but 6? to 9? per bu. higher than the present price peg for noncompliance corn. At Benson's price, efficient growers can make good money on all the well-fertilized hybrids that their big tractors can cultivate...
...example, in Iowa's Mahaska County, one farmer let 176 of his 800 acres lie idle in the now-expiring soil-bank "acreage reserve," this year put only 14 acres in corn. In a move matched by many a neighbor, he decided after last week's vote to plant corn on 250 to 300 acres-18 times as much as this year. "If they want corn," said he, "we'll give 'em corn...
...Present corn surplus: 1,132,000,000 bu., which cost the Government $1.8 billion, eats up $370,000 a day in storage fees...
Statistics show that many of the dreams are coming true. Mexico now prefers bread to the corn tortilla. In 1937 the average consumer ate 41 lbs. of wheat bread a year; now he eats 62 lbs. He switches from pulque (the fermented juice of the century plant) to beer. In 1941 per capita consumption of beer was 97 quarts; today it is 25. He spends money to see movies, bullfights and soccer games. In 1936 the average Mexican spent 1.42 pesos on entertainment; last year it was 7.05. He begins riding, if only a bicycle. Bike registrations climbed from...