AGRICULTURE: Boondoggle in Wheat

Even the Secretary of Agriculture was last week ready to cry "enough" on wheat.

Plain and simple fact is that the whole 1942 wheat crop is as useless as any boondoggle. It is already costing the U.S. Government some $80,000,000 in benefit payments, may soon take $800,000,000 more for price-propping crop loans. But the country could have gotten along all right if not one bushel had been raised.

Last year's whopping 945,000,000-bu. crop came atop a 385,000,000-bu. surplus. Half of this titanic 1,330,000,000-bu. total is still in storage even as this year's wheat hits the market. Besides this, Canada has a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!