Word: corns
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Dates: during 1950-1959
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...brusquely vetoed. Then 1958's farm prosperity (TIME, May 12) began splitting the congressional farm bloc: the House refused even to consider a wild, catchall Democratic farm bill, and the Senate passed a strong bill which would 1) significantly lower price supports, and 2) loosen acreage controls for corn, cotton, rice and grains. Benson pronounced himself satisfied with the Senate bill-and fought to keep the House from diluting it. Speaker Sam Rayburn got mad at Benson's persistence, refused to force the farm bill to the floor. Unless Rayburn changes his mind, the 85th Congress rates...
...before the crop is raised and sold. Beginning with parity-inflated market prices, the new formula would let prices slip by easy stages until, says Benson, the law of supply and demand begins to take over and surpluses begin to sell. Props are to move toward market levels for corn, cotton, rice and feed grains (oats, rye, barley and grain sorghums). Wheat, tobacco and peanuts, as well as milk, still have separate programs, a more-or-less deliberate tactic that helps Benson keep the once powerful farm bloc divided...
Main difficulty is that the new bill also relaxes or abolishes acreage controls, raises the prospect that farmers across the country could suddenly decide to put every available acre in, say, corn and sell to the Government at the announced price ($1.10 per bu. minimum). This danger is increased by the termination this year of the Soil Bank's expensive "acreage reserve" section, under which farmers were paid for keeping acres out of corn and other cash crops. Benson himself knows that the $6 billion annual cost of the farm program, big enough to bother Hubert Humphrey...
...hours; 19 drowned in resulting flash floods in the Nishnabotna River valley. Indiana's floods are the worst in 45 years, and the state's wheat crop this harvest may be only half the 38 million bu. estimated earlier. In North Dakota's Red River Valley, corn that stood 30 in. tall a year ago is 19 in. because of rain, chill and lack of sunshine...
Confessions of lost innocence are frequent. Writes Book Critic Lewis Gannett ('13): "I was the pure young man from a Western New York minister's home, who had never smoked more than a corn-silk cigarette, and tried to hold the freshman beer night ... to ginger ale. One learned." Artist Waldo Peirce ('07) admits that "Leavitt & Peirce was probably one of the reasons it took me five years to get a degree, though the B in A.B. didn't stand for billiards...