Word: wheatly
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Dates: during 1950-1959
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Soil-Bank Plan. The heart of the President's program, Benson testified, is the "soil-bank" plan, designed to cut plantings of wheat and cotton by perhaps 20%. The bank would consist of an "acreage reserve" and a "conservation reserve," which would cost the taxpayers $1 billion over the next three years. Farmers choosing to join the acreage reserve would take specific acres temporarily out of production, receiving compensation based on a percentage of the normal yield. Compensation would be paid, Benson testified, in a novel way: the farmers would get certificates redeemable by the Commodity Credit Corp...
...state and religion must be separate." Then dapper, driving Premier Adnan Menderes, trying to whip up popular support to offset rising big-city discontent with his extravagant inflationary policies (TIME, Oct. 24), took off on a speech-making swing through his Anatolian farm-country strongholds. At Konya, in the wheat-growing heart of what Istanbul calls the Koran belt, he blurted out the most direct pitch yet for the prayer-rug vote by a leader of modern Turkey: "If there are no courses on religion in our schools," he said, "citizens who want their children to learn religion are deprived...
...supports, acreage allotments, marketing quotas. But he was running a losing race against the technology of farming. With bigger machines, better seed and fertilizer, farmers produced enough to feed a much bigger population, and the nation's surpluses mounted-14.5 million bales of cotton, 938 million bu. of wheat, 3.2 billion bu. of corn. Inevitably, farm prices skidded, and gross farm income dropped to $32.6 billion, down $4.5 billion in four years...
...Exports increased 12%, even though wheat, a major export in past years, was hard to sell in 1955. Such new export items as uranium, iron ore and oil more than made up for the grain decline...
...defend their embarrassing position. For one thing, they protested that they were unaware that Czechoslovakia was a New Zealand butter customer. Then Canadian Agriculture Minister James Gardiner explained that since such a comparatively small amount of butter was involved, the matter was unimportant. "This is nothing like the wheat situation," said Gardiner. "We've only got about 10 or 12 million Ibs. of butter that we don't need, and we're prepared to take a lower price for it." That was entirely correct-and it was virtually the same explanation that the U.S. gave Canada...