Word: supportive
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Dates: during 1940-1949
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There was one new condition: farmers would have to accept marketing quotas on their crops if they wanted full support. There were other new features: price support for "certain non-basic" commodities -wool, tung nuts, honey, Irish potatoes and dairy products, including whole milk -were made permanent at levels up to 90%. Furthermore, the Secretary was "authorized" to support any other commodity he wanted. Even perishable fruit & vegetables will get some of his bounty-the bill set aside approximately $100 million a year from custom revenues so that truck farmers could get in on the grab. ^ Farmers had long expressed...
...strategy worked. By session's end, the 81st had raised the minimum wage from 40? to 75? an hour, expanded crop insurance, authorized increased spending for public power systems, restored the Commodity Credit Corp.'s authority to build grain storage bins and (with G.O.P. support, notably from Ohio's Taft) passed a slum-clearance and public-housing bill. In the closing minutes, the 81st enacted a portmanteau farm compromise put over by former Agriculture Secretary Clinton Anderson, and designed to redeem Harry Truman's vague and grandiose promises to the farmers...
...lThe harassed U.S. housewife would find no welcome price slashes at her
grocer's, might even face some increases at her butcher's, and on her milk bill.
...five basic commodities-wheat, corn, rice, cotton, peanuts-the bill extended the present 90% parity support through another year. This would fall to 80% in 1951, to 75% the following year. But in either year the Secretary of Agriculture could set support prices above these figures at his own discretion, up to the magic 90% level. Tobacco, the sixth basic commodity, got support at 90% in perpetuity, or as long as the law is unchanged...
...bill was loudly hailed as a compromise victory for the proponents of flexible supports over those of rigid 90% support. In a way, it was−as long as the supports stayed flexible. If it was any consolation to the consumer, the bill that almost got through was worse...