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Growers of dark and burley tobacco, 240,000 strong, last week voted on AAA's proposal to impose compulsory marketing quotas on their crops for 1939. Result: 61.2% Yes for burley, 60.5% Yes for dark, both short of the two-thirds approval necessary for the quota. Since flue-cured tobacco growers and rice farmers turned down quotas last fortnight and cotton is the only major crop that has yet accepted one, for the next crop year AAA's score is one "victory," four "defeats." Result: an increase in the already flourishing crop of pre-Congress AAAttacks, AAAlibis (TIME...
...capital employed in 1937 operations, and though Mr. Smith admitted that it was virtually impossible for anyone to make glass bottles by the gob process without "coming to Hartford," he got in a retort, too. Chairman O'Mahoney observed, "that is a sort of AAA in milk bottles," and Witness Smith cracked back: "Not so far from it, but used intelligently...
...subsidies amounted to $367,000,000, and Congress, deciding to make a good thing permanent, wrote a new AAA providing compulsory controls as well as voluntary (i.e., subsidized) crop reductions. Farm income...
...first year under AAA II which was designed to keep five major crops up to "parity prices." only one crop (at average farm prices), tobacco, is selling above parity. Corn, at 41? rice at 58?, cotton at .08?, all stand just above half. Wheat, at 52?, is less than half. For the first time in five years farm income has backslid-10%-to $7,625,000,000. Over Franklin Roosevelt's budgetary wails, Congress voted a $212,000,000 appropriation for direct parity payments plus the $500,000,000 earmarked for soil conservation payments; but in the election farm...
This year when Wallace revamped Agriculture (primarily to lessen the conspicuousness and vulnerability of AAA by splitting its functions among other divisions), he upped four trusted men to the chief jobs around him. Bald Howard R. Tolley, a thinker like his boss, was relieved of his tasks as Administrator to head the revamped Bureau of Agriculture Economics. Economist Albert G. Black, an energetic, 42-year-old idea man, was given Marketing & Regulation. Promoted to head new divisions were Soil Conserver H. H. Bennett (Physical Land Use) and Chemist Henry G. Knight (Research & Technology). Closer than any of these...