Word: bu
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...bu' a wee chortle daes a body nae mischief, laddies; an' I ken ye by yer mumpin...
...Your article attempts to prove the general by picturing the exceptional-a farmer grossing $1.80 a bu. for wheat; farmers are rapidly leaving American farms and eventually joining labor unions because they go broke farming. The 1960 campaign issue is the issue between the Roman plebs (small farmers...
Last month Boone's own Kansas farm-bureau convention voted for the first time in its history to back a program 1) abolishing all acreage controls on wheat, 2) dropping price supports from today's $1.80 to $1.30 per bu. Nebraska and Colorado farm-bureau conventions voted for similar programs, in effect backed the position of U.S. Agriculture Secretary Ezra Taft Benson and American Farm Bureau federation President Charles Shuman...
Benson succeeded in winning approval of his basic idea in the 1958 farm bill, which set subsidy rules for the 1959 corn crop. It abolished acreage controls, lowered price props toward the level set by the market (support price: $1.12 per bu.). But instead of cutting surplus production, as Benson unswervingly predicted, the no-control formula encouraged farmers to raise a bumper crop. And, as Benson's own department admitted last week, it swamped by 600 million bushels the previous all-time corn record set in 1958. Reason: farmers boosted production to make up for lower prices. Result: more...
...gall bladder) Ezra Benson last week got President Eisenhower's approval for the legislative proposals he will make to Congress early next year. Chief aim: to extend to wheat the same program that failed in corn, abolish acreage controls while lowering price supports from $1.77 to $1.40 per bu. Because the plan links support prices to the average market prices for the preceding three years (abandoning the old parity ratio based on 1910-14 figures), the Benson program will admittedly lead to a gradual downstep of prices each year. Benson believes that dropping prices will ultimately cut down...