Word: cottons
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Dates: during 1930-1939
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Bill. Thus propelled from the 75th Congress was the third major Farm Bill of the Roosevelt Administration, aimed at regulating the production and prices of the U. S. four major crops-wheat, cotton, corn, tobacco-also rice. Three major types of legislation provided models: the voluntary crop control insured by the first AAA through loans and benefit payments; the compulsory control enforced by penalties for overproduction introduced in the Bankhead Cotton Act and .the Tobacco Act; the voluntary reduction of soil-depleting acreage to encourage which the Government paid farmers $500,000,000 a year under the Soil Conservation...
...national acreage allotment for each crop each season based on production during preceding years; 2) to give farmers who cooperate with the acreage allotment program loans on their crops whenever prices fall too far below "parity"-the purchasing power relative to other commodities which wheat, corn, rice and cotton enjoyed between 1909-14 and tobacco between 1919-29 (unless Secretary Wallace thinks other base periods would be more just); and 3) to invoke compulsory marketing quotas, subject to rejection by one third of the growers involved in a referendum and enforced by penalty taxes, whenever national supplies of any crop...
...less than 52% of the parity-price on June 15, or if the July crop estimate forecasts a bumper year, Secretary Wallace with the President's approval can make loans from 52% up to 75% of the parity price. Like the "nonrecourse loans" currently being given, on cotton, these loans are in effect Government payments in advance to the farmer for his crop at a fixed price almost certainly higher than the market price he will get when he sells it. They need not be repaid and bear no interest, although if the farmer stores his crop...
Typical was the condition last week of Tamaulipas State, where incipient outbreaks occurred. Thousands of peons found that bank credit for Mexico's late cotton-planting season was nonexistent. Suddenly, the Government suspended irrigation public-work projects for lack of cash. Discontent was widespread and the Gold Shirts decided on their abortive attempt to stir the unrest into mass revolt. At week's end the President ordered Government jobs provided for them on the Matamoros-Ciudad Victoria highway construction...
Early one evening a lean, white-haired man of great dignity was led by three bowing captains to a table in Manhattan's noisy Cotton Club. He watched Tap-Dancer Bill Robinson perform, listened with interest to the music of Cab Galloway. As he left, Maestro Arturo Toscanini said he had had a fine time...