Word: wheats
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Dates: during 1950-1959
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...facts are uncomfortable. Granaries and warehouses are bulging with surplus farm crops-wheat, corn, cotton, dairy products-all paid for by the Government. Present farm laws still encourage production of surpluses. To meet 1954 commitments, the Administration had to ask for an increase from $6.7 billion to $8.5 billion in the amount it can spend on the price-support program. To meet the long-range aspects of the problem, the President and Secretary of Agriculture Ezra Taft Benson proposed a basic change in the farm program...
...Insulations." Most important of the proposals: a shift, in 1955, to flexible supports for basic farm crops, e.g., wheat, corn and cotton. The basic-crop prices are now supported at 90% of parity. Under the Eisenhower program, a return to the principles of the farm bill passed by the 80th Congress, support prices would slide down to 75% of parity when a crop is in surplus, rise to 90% when it is scarce. The theory: farmers, with an eye on the support price, would base their planting on the law of supply & demand. To cushion the effects of the change...
...girlishly called a sensitive as "newshen" Jane [TIME, Grant Letters, about Dec. 21]? Newshen is one of the cleverest coined words. Short, flattering. To adults it connotes a plump, toothsome chick (no newspaperwoman I ever saw) in fine, glossy feathers (ditto). Stepping high and daintily, she delicately picks the wheat from the chaff...
...support level for crops until the farmer was on his own, except for what Benson termed "disaster" conditions. But the farmers did not want freedom if it meant lower prices; they preferred controls and proved it by voting overwhelmingly to let the Government tell them exactly how much wheat and cotton they could plant and market...
Looking at their heavy surplus four months ago, U.S. wheat farmers voted to let the government set strict quotas on their 1954 crop (TIME, Aug. 24). Last week it was the cotton farmer's turn to vote on acceptance of quotas and 90% parity, or reject them and get only a 50% parity price prop. The result: a record 94% vote for quotas and price props, well over the two-thirds needed...