AGRICULTURE Benson's Bad Eggs
One of the biggest price-support fiascos in U.S. Agriculture Department history was the attempt to support the price of eggs. When eggs in cold storage went rotten, the department, in desperation, turned to buying dried eggs, stored tons of them in a cave near Atchison, Kans. By the time the Government decided in 1953 that supporting egg prices hurt even the farmers, by encouraging the overproduction it was intended to counteract, total taxpayer losses passed $331 million.
Last week the Agriculture Department began to mix the same foul old omelet. After listening to a delegation of New Jersey...
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