Word: yeutter
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Dates: during 1975-1975
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Agriculture Secretary Earl Butz, who normally backs any proposal that helps farmers, believes that this one would only encourage them to produce for Government guarantees. Its effect, says Assistant Secretary Clayton Yeutter, would be to take the nation "back into the dark ages of farm policy." Indeed, for four decades Government policy consisted of a labyrinth of props under income that expanded until it cost taxpayers $4 billion in 1972. By overhauling the old system, the Nixon Administration trimmed the price tag to about $500 million last year. Unless Congress can now override a presidential veto of the 1975 bill...