Word: farming
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Dates: during 1950-1959
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...Knock out the costly short-term acreage reserve phase of the soil bank and build up the long-term conservation reserve to encourage the retirement of marginal farm land from production for up to ten years...
...leaders. He had recaptured the diplomatic initiative and restored the cold war perspective in his reply to the U.S.S.R.'s Bulganin (TIME, Jan. 20). He had gone far, in his State of the Union message, toward bolstering the public confidence and military energy of the U.S. His special farm and economic messages to Congress carried hard, specific recommendations for bolstering the U.S. economy (see below...
...There has been more change in agriculture within the lifetime of men now living than in the previous 2,000 years," said President Eisenhower last week in sending to Congress a new farm program designed to bring U.S. Government policy up to date with the U.S. farmer's "unparalleled ability to produce."Principally, the President asked Congress...
...equally effective brake on surplus farm production is the proposal to set the range of price supports at between 60 and 90 per cent of parity. With this weapon, plus elimination of "escalator" supports, Benson admittedly has the power to threaten economic ruin to large areas of agriculture. Yet Congressional charges that Benson wishes to become an agriculture "czar" confuse the threat with his long range goals. An anti-surplus program would eventually stabilize production and demand such that government support and control would be reduced, not increased...
...other hand, growing technological improvement has created producing power in excess of demand. While price support has encouraged the highly efficient agricultural supplier, it has also kept large numbers of people "down on the farm" who would have been put to better use somewhere else in the economy. And their purchasing power would have been diverted as well. Thus, any discussion about "helping the farmer instead of eliminating him," to quote Senate Majority Leader Lyndon Johnson, should distinguish between farmers worth helping and those worth discouraging. The Eisenhower farm proposals can deal with both as painlessly as possible...