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Main difficulty is that the new bill also relaxes or abolishes acreage controls, raises the prospect that farmers across the country could suddenly decide to put every available acre in, say, corn and sell to the Government at the announced price ($1.10 per bu. minimum). This danger is increased by the termination this year of the Soil Bank's expensive "acreage reserve" section, under which farmers were paid for keeping acres out of corn and other cash crops. Benson himself knows that the $6 billion annual cost of the farm program, big enough to bother Hubert Humphrey...
...Toronto to Brisbane. Detroit's Chrysler Corp. will be able to ship a Plymouth sedan to Oslo for $45 less than the cost of the rail-ocean haul through New York. Wheat will move from Fort William, Ont. to Rotterdam at a saving of up to 15? per bu...
...Charles will be crowded Saturday afternoon with a regatta of MIT, Columbia, BU, and Wisconsin. Each series of races will be run at hour intervals with the MIT Freshmen leading off at 4 p.m. The Crimson Freshmen, J.V. and Varsity will race...
EXPORT-HUNGRY CANADA, hoping to ease wheat glut and dependence on U.S. trade, will make hard sales pitch to Red China. Canada recently closed first big wheat deal (1,700,000 million bu.) with Red China since Korean war, now wants to step up sales of lumber and chemicals, boost exports to China above the $55 million yearly level attained during pre-Communist days...
WHEAT SURPLUS will grow by about 200 million bu. this year because of huge crop that may wipe out all cuts made by soil bank since 1956. Output is expected to rise 25% over last year, hit 1.19 billion bu. Productivity of winter wheat lands will reach 21.9 bu. per acre, v. 15.9 bu. average over past decade...