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SECOND VARSITY 1. HARVARD 2. Princeton 3. Penn 4. Navy 5. Yale 6. Cornell 7. Brown 8. Winconsin 9. Syracuse 10. Northeastern 11. BU 12. Dartmouth 13. Rutgers 14. MIT 15. Holy Cross...
...called Strauch report--the first major assessment of the GSAS in 15 years--calls for no major reorganization of the curriculum of administration of the school, bu does recommend an increase it student enrollment, the first such proposal in more than a decade...
...production of goods nobody wants. Standout example: the 768 million lbs. of cheese that the Government has bought and is holding in storage--more than 3 lbs. for every man, woman and child in the country. Other unsold mountains, including goods stockpiled by farmers with Government help: 1 billion bu. of wheat, 650 million bu. of corn. And as a crowning irony, the act has left many farmers, after 52 years of Government protection, little better off than their forebears were during the Great Depression that gave birth to the farm price-support system...
...which he can collect from Uncle Sam if private buyers will not pay that much; they keep market prices near the support level. In the case of wheat, which gets more subsidy ($3.8 billion this year) than any other American crop, the basic U.S. support level is $3.30 per bu. and the market price in January averaged $3.37. Some grades have recently sold for 24% more than Argentine wheat...
Target Prices. These are set at levels that supposedly cover farm production costs but in fact are often determined by political negotiation. They are higher than the loan rates, in the case of 1985-crop wheat, $4.38 per bu. vs. $3.30. Growers who qualify, sometimes by agreeing to restrict production, sell their crops to private buyers. But if the market price falls below the target price, the Government makes up the difference with a cash "deficiency payment," up to a maximum representing the difference between the loan rate and the target price--$1.08 per bu. on 1985 wheat. The Administration...