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...Hollons of Dallas are among the most prescient and ambitious of the amateur farmers. Anticipating a wheat shortage last fall, they planted a tenth of an acre - their front yard - last fall. They even tried to mill the wheat themselves but had problems. So they took their 100-lb. crop to a commercial miller, and Mrs. Hollon is still baking sourdough bread and making whole-wheat pancakes with the flour. Jack Hollon, a math teacher, estimates that the wheat crop and their vegetable garden have saved the family only about $50 so far. But the Hollons and their two young...
...again because it is falling below its harvest target, though less disastrously than in 1972. The Common Market last month banned all exports of wheat from its nine member countries until further notice. Argentina, normally an exporter, bought wheat in the U.S. last week because it has overcommitted its crop...
Many farmers feel cheated because they let go of their wheat crop at about $1.35 a bu. in the early summer of 1972, before the Soviet purchases and heavy buying by other nations helped push the price received by farmers to more than $2 a bu. Congressmen are miffed that grain companies and ship operators collected needless federal subsidies. Shippers are recovering from a nationwide transportation tie-up that resulted from grain dealers' scrambling for freight cars to transport grain, much of it to the Soviets. Consumers have particularly good reason for anger: the deal contributed to a grain...
...Even after it became apparent that the Soviets were on their way to acquiring one quarter of the entire U.S. wheat crop, Butz did nothing to put more farm land into production. This would have increased supplies and helped hold down prices this spring. Instead, earlier in 1972, Butz had actually moved to decrease the growing acreage. He did this by a policy of raising wheat "set-asides" (land that the Government pays farmers to keep idle) from 20 million acres to 25 million acres. It was only in early 1973, at the vigorous prodding of the Cost of Living...
...defense. Butz last week told TIME Correspondent John Berry: "As late as last August, we had adequate stocks of wheat even with the Russian sales. What we did not foresee was the drought in India, the problems in Bangladesh, the short crop in Australia. Everybody was pressing us then, including Senator Jackson, to do something to raise the prices that farmers were getting. If he had been sitting in my seat, he would have made the same decision. I make no apology for my desire to raise farm prices...