Word: livestock
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...Year Families. Much of the muddlement of U.S. farm policies, argues Higbee, results from statistical fallacies. As the Agriculture Department reckons it, any grower of crops or raiser of livestock who has at least ten acres of land and markets at least $50 worth of farm goods a year counts as a "farmer." But that term includes everybody from the Southern mill hand who grows a field of cotton as a sideline, netting $70 a year on ten acres, to the Southwestern cotton baron who manages his empire from an air-conditioned office, netting $65,000 a year...
...Goal. The 88th has passed and sent to the President only four items of legislation. One was a measure lifting the already much-raised ceiling on the national debt. The others merely continued existing arrangements: the draft, the Korean war corporation and excise taxes, and the livestock feed-grains program...
...Honduras' development bank to be relent to livestock farmers for buying cattle, pastures, corrals and dairy equipment...
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...
...Agriculture Department got too little: the farmers participating in the program increased their per-acre yields so effectively that the overall drop in feed grain production amounted to only a small percent. The reduction in CCC feed grain stocks, Shuman adds, was largely a result of a surge in livestock production, which used up a lot of feed. As Shuman reckons it, the program "nailed the American people for a billion-dollar loss...