Word: potatoe
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Dates: during 1940-1949
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...Price. The Department of Agriculture is already tangled up in the Alice-in-Wonderland economics of the support program in another farm product: after spending $40 million to support potato prices last year, the department asked farmers not to increase their potato acreage this year. But farmers increased production with better fertilizers, insecticides, irrigation. They felt sure the high support prices would go even higher. By last week the Government had already paid out $17 million for surplus potatoes-and the bulk of the crop is yet to come...
Unlike last year, when the department let 22 million bushels rot, while consumers groused at high prices, the Government is determined to put this year's potato surplus to use. It is going to do it no matter what the cost. So it is sponsoring a new industry: the manufacture of potato flour...
...Price. The Government is buying surplus potatoes at around $1.55 a bushel, and selling them to distillers and food processors at a give-away price of 9?a bushel. (The Government pays the freight, which averages another 40^ a bushel.) The. only condition is that the buyers turn the potatoes into flour. To help feed occupied Germany, the Army has promised to pay about $7 a hundred pounds for as much as 448 million pounds of potato flour, about 30 times the normal annual output. With a highly profitable market thus assured, dozens of companies have started making flour...
...about $9,000,000, was up 73%. The Denver, Rio Grande & Western, with a net of $3,583,395, was up 260%. A major exception was Robert R. Young's Chesapeake & Ohio (see below), whose profits were nipped a third by the mine stoppage. Even the small, potato-hauling Bangor & Aroostook, which had not made money in any June since 1935, showed a profit of about $20,000 last month...
...term struggling against chaos. Already, "world leaders were swooping down on us from all directions"-and terrifying memos were swooping down from Mrs. Roosevelt ("Mrs. Nesbitt: There will be 5,000 to tea"). Salesmen stormed the doors with "gift" samples of everything from cravats to cheese; Peach, Cherry and Potato "Queens" left laden bushel baskets all over the floor; deputations stamped in & out; photographers' flashbulbs exploded like small arms. Eighty-three thousand casual visitors streamed through every month, leaving a trail of mud and cigarette butts...