Word: soils
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Having settled that point, the convention pushed through a resolution calling for new Government action on the farm problem. Most of the plan centered on a land-rental and soil-bank proposal under which the Government would pay benefits to farmers who reduced their acreage of surplus commodities and planted soil-building crops instead. Into their plan the delegates wrote a new principle for reducing surpluses: payments to farmers who reduce their planting would be made in certificates entitling them to buy at reduced prices a supply of surplus crops stored in Government bins...
...million. Despite some demands for an increase to counteract the Soviet Union's new economic warfare, foreign aid is expected to cost about the same ($2.7 billion), with some shifts in emphasis to meet the new Russian activity. Support for the farmer, expected to include an expensive new soil-bank plan, will cost more than it does in this fiscal year. But almost every Government department has devised or been prodded to devise economies. As a result, the 1957 budget is expected to go no higher than this year's $64 billion...
...come from Florida. Good farm land is expanding, notably in the swamps and jungle of the Everglades, where a $250 million drainage and reclamation project is uncovering black muck soil as fertile as anything on earth...
Said Benson: "Its impact will be chiefly in areas where topsoil is being wasted in growing crops not needed by today's markets. It will mean better soil and water conservation [and] added income." While the last item was the key for farmers, the emphasis on conservation was a key to the plan's legality. Not forgotten was the adverse Supreme Court ruling in 1936 on the early Agricultural Adjustment Act, held unconstitutional because it paid farmers outright to restrict production...
...Going to Pot." The soil-bank plan, Benson warned his fellow Republicans, is "no nostrum." He called it a constructive "move in the direction we must go with a many-sided program." Indications of the pressure on Benson were evident enough last week, when hog prices dropped to the lowest point in 14 years, and U.S. farm economists met in Washington for an annual "outlook" conference that expressed much long-range confidence but brought little news of immediate cheer. For 1956, they foresaw a continued cost-price squeeze, though not so serious a one as the 10% farm decline...