AGRICULTURE: Toward a World Cotton Pool

The deal in cotton which Commodity Credit Corp. made with Peru last week was not just another U.S. subsidy to a Good Neighbor. It was a step, in Claude Wickard's words, toward "the working out of world cotton production and marketing problems after the war." It foreshadowed a day when the growers of the Western Hemisphere, under U.S. leadership, will present a united front to the cotton markets of the rest of the world, and at the same time cooperate to reduce their own dependence on those markets. It was a step toward...

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