FARMERS: Subsidized Size

Although it is merchandised in and out of Congress as a life belt for the ordinary farmer, the U.S.'s inflated farm program (1959 budget: $7 billion) floats its biggest loans and subsidies to the huge corporation farms. Example: Delta & Pine Land Co., a 37,000-acre, English-owned plantation in Mississippi, drew $1,167,502.35 in Government price-support loans on its 1957 cotton crop, $20,761.20 in soil-bank subsidy (now partly abandoned) for not planting riceland. Example: Westlake Farms, Inc., of Stratford, Calif., did a heads-we-win-tails-you-lose business with taxpayer money: $854,450.67 from Commodity Credit Corp. for the cotton it raised, $125,942.50 from the soil...

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!