"President Eisenhower has two major problems, and one of them is Korea." said a Washington official last week. "The other one is the drop in farm prices." At the outset of its term, the new Administration has to deal with a farm-price decline that began in 1951, continued through 1952 (an average 11% during the year), and is now pinching many farmers hard. Last week talk of a farm depression was in the air, and a Chicago commodity letter saw "economic disaster" ahead if the new Administration did not change its "lackadaisical attitude" and do something quick.
Stampede to the Stockpens. The...
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