Not As Bad As It's Painted THE U.S. last week got the bill for 1955's farm price-support program.
For the fiscal year, the Government spent a record $2.1 billion supporting farm prices. The total investment for crop buying and loans is now a staggering $7 billion, a full $1 billion more than last year, even though the Government disposed of $1.3 billion worth of surplus products at a net loss of $800 million in 1955. Yet despite such vast spending, U.S. farmers complain that they are worse off than before.
Net farm income is down to...
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