Word: freemans
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Dates: during 1960-1969
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...there any other problems that need solving, Mr. Freeman...
...guiding genius of the supply management approach is not Secretary Freeman but Willard Cochrane, 48, a professor of agricultural economics on leave from the University of Minnesota. Cochrane was Governor Freeman's agricultural adviser back in Minnesota. When Freeman went to Washington, he took Cochrane along as director of agricultural economics. As Cochrane sees it, price supports make stringent controls inescapable. "We offer the farmers price supports in return for cuts in production." he says. "It's a mutual thing. If they don't want effective controls, that's their prerogative. They can vote them...
Unpromising Start. Secretary Freeman's first important official act was to raise price supports on cotton. That was a highly unpromising start. By upping the support level, Freeman widened the gap between the U.S. price and the world price, worsened the competitive disadvantage of U.S. textile makers. His next step was to raise price supports on dairy products. With the milk-butter-cheese glut worsening, Freeman has since retreated and lowered the dairy supports. His current program for dairy products consists of trying to promote the consumption of milk by persuading the President and New Frontier officials...
Supply management got a critical test last year in Freeman's new program for corn, barley and other "feed grains" (so called because they are mainly grown for livestock feed). Freeman raised feed grain support prices. But in order to qualify for crop loans, farmers had to cut their feed grain acreage by at least 20%. Farmers who did so received "diversion payments" equal to 50% of the value of the crops they would normally have grown on the diverted acres. A similar feed grain program, with lower diversion payments, is in operation again this year...
...Freeman claims that his 1962 feed grain program was a "dramatic success." He points to sharp drops in the CCC's inventories of corn and other feed grains. That claim is sharply disputed by President Charles Shuman of the National Farm Bureau Federation, biggest of U.S. farmer organizations. Freeman's 1962 feed grain venture, says Shuman, cost about $768 million in diversion payments, with additional expenditures for higher price supports and extra administrative expenses. For its money, argues Shuman, the Agriculture Department got too little: the farmers participating in the program increased their per-acre yields so effectively...