Word: corns
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Dates: during 1950-1959
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...first time since the U.S. Department of Agriculture began buying corn to support its price (in 1933), farmers voted last week to abolish the acreage controls that went with the high, rigid props. In 26 commercial corn states 346,976 farmers voted 71.1% for a new program proposed by Secretary Ezra Taft Benson. Result: next year corn growers will give up a system that paid 75% to 90% of parity if they planted no more than a Government-set limit, turn to a system that sets the props closer to real market value (i.e., 90% of the previous three-year...
...This was the first clear-cut, realistic choice farmers have ever had on the question of controls versus freedom of decision," crowed Benson. "Farmers are now free to plant as much or as little corn as they wish, with the safeguard of a reasonable support level. They have acted in their own, best long-term interests...
...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...
...Piano Prodigy Van Cliburn, 24, wowed a packed throng in Kansas City, caused a scattering of academic shudders with his theories of musicianship ("If a performer has to sacrifice something, he should sacrifice the notes rather than the inspiration"), allowed that he had time to cultivate some home-grown corn: "Jazz is a kind of form, not difficult, that helps make the evaluation of classical music even higher. I play it myself to relax...