The Agriculture Department, which must buy dairy products under the price-support program, reported last week that it now had on hand:
¶278,018,000 Ibs. of butter (none a year ago).
¶ 268,612,000 Ibs. of cheese (none a year ago).
¶418,697,000 Ibs. of dried nonfat milk (up from 31,451,000).
There is every sign that the stockpiles will keep on growing. Government economists predict that 1954 milk production will again hit 118 billion Ibs., 3 billion more than estimated consumption.
In a speech to dairymen last week, Assistant Secretary of Agriculture John H. Davis drew the obvious moral: dairymen will either have to cut production or expand...
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