For a while it looked as if the U.S. farmer could blithely ignore the law of supply & demand.
When he grew more wheat or collected more eggs than the public would buy at his price, the Government's Commodity Credit Corp. bailed him out. That was all right during the war, when CCC, with $4,750,000,000 to draw on, could sell whatever it bought. Even as late as June 1948, CCC had laid out a mere $294 million. But in the 16 months since, CCC purchases—to keep the farmer's income up—had increased fantastically. Last week CCC President Ralph S. Trigg announced...
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