Word: soils
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...inflated farm program (1959 budget: $7 billion) floats its biggest loans and subsidies to the huge corporation farms. Example: Delta & Pine Land Co., a 37,000-acre, English-owned plantation in Mississippi, drew $1,167,502.35 in Government price-support loans on its 1957 cotton crop, $20,761.20 in soil-bank subsidy (now partly abandoned) for not planting riceland. Example: Westlake Farms, Inc., of Stratford, Calif., did a heads-we-win-tails-you-lose business with taxpayer money: $854,450.67 from Commodity Credit Corp. for the cotton it raised, $125,942.50 from the soil bank for the cotton...
Benson-approved proposals to set upper limits on subsidies to the big farms. Totting up the biggest outlays, he found that ten large operators siphoned off $3,447,902.81 in price-prop money, $557,495-35 in soil-bank funds. By comparison, 1,227 farmers in tiny Delaware altogether drew but $917,286 from the soil bank. "The high rigid support program is little more than a Government guarantee on the operations of corporate-type farming," charged Williams, "and actually encourages and underwrites absentee ownership to the detriment of small farmers...
...Cuba, only 50 miles to the northwest, and Rafael Trujillo's bordering Dominican dictatorship. Duvalier would rather be accounted a member of the anti-dictatorial bloc, but that invites attack from Trujillo, whose gunboats already patrol Haitian waters and whose British-made Vampire jets fly patrols over Haitian soil. On the other hand, throwing in with Trujillo would be risky...
...accelerating rate. Last year, it jumped 8%, as much as the increase for the decade 1920-30. This technological fact, ignored by the politicians, is what has made the farm-support program such a failure and scandal. Last year, with farmers paid $620 million to put land in the soil bank, the planted acreage was reduced to the smallest since 1919. But the yield was 11% greater than in the previous record year of 1957. This year, in many crops, the U.S. is headed for even bigger surpluses. The 1959 wheat harvest was forecast last week at 1.2 billion...
...year, and in the current fiscal year the total is estimated at a shocking $7 billion. The Federal Government's inventory of wheat, corn, cotton and other surplus farm commodities recently climbed to a new peak of $9 billion. And out in the wheat and corn belts, the soil is heavy with stored up moisture, hinting at bumper crops that may mock Benson's hopes of holding farm-program outlays to $6 billion in fiscal...