Monday, Sep. 30, 1957
Why Comply?
The Rube Goldberg awkwardness of the U.S.'s federal farm programs was revealed once again last week in a problem faced--and solved, after a fashion--by Agriculture Secretary Ezra Taft Benson. To avert a threatened collapse in hog prices next year, Benson offered to support this year, at $1.10 a bushel, any and all corn grown by Corn Belt farmers who ignored the Agriculture Department's acreage controls (for farmers who complied with controls, the support price is $1.36). He was "sorry," said Benson, but he just had to take the step, because if free-market corn prices fell too low, farmers would take advantage of cheap feed and raise so many piglets that a hog glut would result. Benson might have added that the cheap-corn danger is a result of the chronic corn surplus, which in turn is a result of, the jerry-built federal price-support programs.
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