In the midst of the growing economic boom stands a lonely exception: the U.S. farmer. Farm income has been declining since the peak of February 1951; it dropped nearly 20% in the past four years, 10% in 1954 alone. Farm operating costs, however, remain at near-peak levels. At mid-March farm parity (the ratio between the prices that the farmer receives and those he pays out) dipped to 86, the lowest point since 1940 and 14% below the theoretical "fair" level.

The drop has stirred up a new battle in Washington over rigid v. flexible...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!