Word: livestock
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Dates: during 1950-1959
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...furrier no furs, a camera dealer no camera, a jeweler no jewelry, the manager of a television station no TV set. Not much could be done about it, because personal-property tax laws are almost impossible to enforce. Farmers in two western Nebraska counties reported 61,863 head of livestock, but no hay or grain. Said Crosby: "The livestock would have starved in a few days...
...present program, which keeps grocery prices high, suffers from several undeniable weaknesses. Because the government must store the food it purchases, the plan is only feasible for non-perishable commodities; livestock raisers, fruit and vegetable growers get uncertain protection. The Secretary of Agriculture may use any extra funds available to buy perishables, but the surpluses disappear during general farm declines...
There would be specific changes for various crops, e.g., corn-support prices would be allowed to drop faster than others because most corn, used to feed livestock, never leaves the farm on which it is grown...
...farm situation, Benson bluntly admitted, certainly is not all Cadillacs and caviar. Since February 1951, the prices farmers get have dropped 64 points (from 313 to 249) on the Agriculture Department's index. Prices that farmers pay for goods they buy (including livestock feed) did not begin dropping until May 1952, and have dropped only 13 points. Most of the decline in farm prices occurred before the Eisenhower Administration took office, Benson said, but the farmer is still in the cost-price squeeze...
...left no doubt on two points: 1) he is against the present system of rigid price supports for basic farm crops at 90% of parity, because he thinks it encourages farmers to produce surpluses and sell them to the Government; 2) he is against price supports for livestock...