Word: farming
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Dates: during 1950-1959
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Production had been excessive, all right. Outlays for dairy-product supports jumped 20% this year. Piled up in federal storage depots as of Dec. 1 were 12,500 tons of dried milk, 17,000 tons of butter, 89,000 tons of cheese. But politicos from dairy-farm states predictably joined Republican Burdick in bipartisan booing at Benson's announcement. ''A shocking injustice!" cried Wisconsin Democrat William Proxmire. "A mistake!" snapped Vermont Republican George Aiken, an old Benson defender. Said Minnesota Democrat Hubert Humphrey: "Mr. Benson has taken the place of Scrooge...
...declared that Benson "won't get to first base" with his proposal to lower the support floor under basic crops from 75% of parity to 60%. Instead, vowed North Carolinian Cooley, Democrats will push for a return to rigid 90% supports-a tried-and-true method of boosting farm surpluses...
Costly Flop. As "nonprofit, non-partisan and nonpolitical" C.E.D. sees it, the basic farm-policy difficulty is that too many people in the U.S. are trying to make a living at farming. Farm productivity has soared so fast over the past two decades that despite a steep drop in the number of farmers, food and fiber production has kept outrunning demand. Since demand is not big enough to support all U.S. farmers at free-market prices, the Government has tried to prop up farm income with price supports. But the price-support approach has been a costly, ineffectual flop (TIME...
Under C.E.D.'s plan, the Government would, over a span of five years or so, gradually withdraw all price supports. Meanwhile, it would whittle away at the farmer surplus with 1) the whole-farm "land retirement" program and 2) a federal-state-local voluntary resettlement program to inform marginal farmers about urban job opportunities and help them make the shift with free vocational training, even financial aid. The C.E.D. proposals would be expensive, but C.E.D. claims for them one outstanding virtue: "They would have a foreseeable...
...December sun glanced through the big picture windows in the living room of Harry Holt's 13-room farm home perched on a hill near Creswell, Ore. There sat Holt, 52, a thickset man with a ragged mustache and shaggy eyebrows, and his wife Bertha, 53, her unrouged face a picture of contentment. Around the couple cuddled eight button-eyed children, aged 3 to 5. Their thin voices mingled with the Holts' as they sang...