MEAT: The Pay Off

By adding $15 million to the $560 million annual meat subsidy, the Government hopes to increase the supply of beef and pork. This week Economic Stabilizer William H. Davis explained how: ¶Higher prices ($7 million more) will be paid to packers of Army beef, and all packers who operated profitably in peace time and can prove a loss from their cur rent packing operations will receive a special subsidy. In addition, 25¢ a 100 lbs.

will be paid to packers when cattle sell at top prices. Purpose of these payments: to shore up the sagging earnings of packers crushed...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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