Word: supportive
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Dates: during 1940-1949
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...corn crop meant that a big pig crop was a certainty. Last week top hog prices dropped $1.25 per hundredweight in Chicago, to only $2 above the $18.50 level at which the Government must start supporting hogs and thus add another expense to the support program...
...bumper crops would not bring cheap food; the support program would keep most prices up, despite the huge surpluses. During fiscal 1949, CCC poured out $3.1 billion for loans and purchases to keep up prices on 31 commodities, just about five times the outlay in 1948. At the fiscal year's end in June, the agency had $2.3 billion tied up in loans and inventories, showing a paper loss of $356 million for the year at current market prices. Most of the support money went for only seven commodities: cotton, $822 million; corn, $470 million; wheat, $640 million; flaxseed...
...Beef? Beef prices have never been supported, but as the biggest cattle shipments in a year poured into Kansas City last week, and beef prices began to drop, CCC officials shuddered at one cowman's threat: "If they are going to support wheat and hogs, then by God they had better do something for beef...
Secretary Brannan is willing to "do something for beef" and for just about every other farm product in the book (TIME, April 18). With the Hope-Aiken Act set to function in 1950, providing for a lower and more flexible level of price supports, he has advanced a counterplan to commit Agriculture to a permanent policy of high price pegs. The Brannan plan brushes aside any idea of a gradual reduction of price props, and substitutes much higher support prices pegged to an "income support standard." This would guarantee farmers an income as fat as the one they have enjoyed...
...long run even the farmers might rebel against the increasing controls of support programs. They can catch a glimpse of their future in the proposed new potato support program. The more openhanded the Government becomes, the more strictly it may have to control what farmers grow right down to the bushel...