Word: crops
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Dates: during 1930-1939
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Growers of dark and burley tobacco, 240,000 strong, last week voted on AAA's proposal to impose compulsory marketing quotas on their crops for 1939. Result: 61.2% Yes for burley, 60.5% Yes for dark, both short of the two-thirds approval necessary for the quota. Since flue-cured tobacco growers and rice farmers turned down quotas last fortnight and cotton is the only major crop that has yet accepted one, for the next crop year AAA's score is one "victory," four "defeats." Result: an increase in the already flourishing crop of pre-Congress AAAttacks, AAAlibis (TIME...
Best AAAlibi was that tobaccomen, who accounted for three of the defeats, needed compulsory quotas least-because as a result of this year's quotas tobacco prices are relatively better than those for any other major crop. Said AAAdministrator Rudolph M. Evans: "They decided the voluntary control program was all that's needed. Maybe they are judging the situation better than we at the Department...
...subsidies amounted to $367,000,000, and Congress, deciding to make a good thing permanent, wrote a new AAA providing compulsory controls as well as voluntary (i.e., subsidized) crop reductions. Farm income...
...first year under AAA II which was designed to keep five major crops up to "parity prices." only one crop (at average farm prices), tobacco, is selling above parity. Corn, at 41? rice at 58?, cotton at .08?, all stand just above half. Wheat, at 52?, is less than half. For the first time in five years farm income has backslid-10%-to $7,625,000,000. Over Franklin Roosevelt's budgetary wails, Congress voted a $212,000,000 appropriation for direct parity payments plus the $500,000,000 earmarked for soil conservation payments; but in the election farm...
...Smith a farm program which that salty sidewalk philosopher somehow couldn't swallow. Among them was red-faced, downright George Peek, who had grown interested in export subsidies while he and his partner Hugh Johnson were trying to sell Moline plows. One piece of advice that seemed to crop up wherever Mr. Roosevelt turned was that as Secretary of Agriculture he should get Henry Agard Wallace...