Word: dairymen
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...Chicago. In so doing, he put his head boldly into the cow's mouth; a vociferous part of the dairy industry thinks it desperately needs price supports. Benson's case was that price supports are responsible for the industry's present ills and that the dairymen would never solve their problems as long as they relied mainly on supports...
...make as Secretary of Agriculture. Ever since taking office, Benson has been preaching the need for getting the farmer out from under a rigged economy. Yet there, on his desk before him last week, lay the sorry facts about the butter industry. Butter is selling badly, and dairymen still have to pay support prices for feed. The question: Should he extend Government price supports, at 90% of parity, on butter for another year? Benson came to a reluctant decision: butter's props will be kept for the new crop year, commencing April...
...hope of coming up with a better solution before the new support year ends, Benson last week called a "work conference" of dairymen and Agriculture Department experts to study the whole problem. Unless they can find a real remedy, the dairy industry will continue to lean on the federal Government, and the U.S. taxpayer will still have to buy butter and watch it turn rancid in Government ware houses. Said Llewellyn Watts Jr., president of the New York Mercantile Exchange: "It's beginning to look like the dairy farmer stands a good chance of just about ceasing...
...happy as state after state allowed the sale of colored margarine. This didn't please the butter men. But the Agriculture Department had a way to make them happy, too: it promised to support prices by buying up surplus butter. An effort was even made to make foreign dairymen happy. They were allowed to ship as much dried milk, cream and buttermilk to the U.S. as they wanted to send. That seemed to take care of everyone...
...real solution to all the trouble seemed to be a return to an unsupported market in butter, with prices seeking their own level. Even dairymen might find to their surprise that the law of supply & demand could result in a better spread of happiness for everyone...