Word: cottons
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Dates: during 1950-1959
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...Overall production rose 10% in 1955. Production of cotton, the nation's No. i export commodity, rose 15%, with a bumper 2,000,000 bales...
Soil-Bank Plan. The heart of the President's program, Benson testified, is the "soil-bank" plan, designed to cut plantings of wheat and cotton by perhaps 20%. The bank would consist of an "acreage reserve" and a "conservation reserve," which would cost the taxpayers $1 billion over the next three years. Farmers choosing to join the acreage reserve would take specific acres temporarily out of production, receiving compensation based on a percentage of the normal yield. Compensation would be paid, Benson testified, in a novel way: the farmers would get certificates redeemable by the Commodity Credit Corp...
...France has laid out a network of 111 stops in West Africa, Equatorial Africa and Madagascar. Long-isolated areas such as Mauritania (pop. 793 whites, 545,000 natives), Lake Chad, the Cameroons, are now within 18 hours of Paris and do a fast-growing business in pineapples, cotton and beef, all flown out by Air France...
...what they want -Paris silks, sail boats, U.S. breakfast cereals. On the land, output rose 23% in 1954. Per capita income is $450, highest in the Middle East. Water now flows through 65 miles of 66-in., Israeli-made pipe to irrigate 50,000 Negev desert acres planted to cotton and grain. Israel has struck oil near Beersheba. Though foreign estimates indicate that Israel will be lucky if the find cuts her present $35 million-a-year petroleum imports by much, the first well is already producing 300 barrels a day for Haifa's refinery. Though foreign firms have...
...farm controls, imposed flexible price supports, acreage allotments, marketing quotas. But he was running a losing race against the technology of farming. With bigger machines, better seed and fertilizer, farmers produced enough to feed a much bigger population, and the nation's surpluses mounted-14.5 million bales of cotton, 938 million bu. of wheat, 3.2 billion bu. of corn. Inevitably, farm prices skidded, and gross farm income dropped to $32.6 billion, down $4.5 billion in four years...