Business: Fat Year

In Washington last week President Roosevelt remarked at a press conference that he hoped for quick action in Congress on Secretary Wallace's cherished "Joseph" plan for insuring farmers against lean years by storing away part of each bumper crop (TIME, March 1). The President spoke day after the Federal Crop Reporting Board, having added up June 1 data from 40,000 farmers and field agents, released its estimates of the principal U. S. crops for 1937.* Most accurate to be had, the figures seemed to suggest that a cycle two years shorter than...

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