AGRICULTURE: Thorn of Plenty

Next to waging the cold war and preventing a hot one, the most gruesome task confronting the U.S. Government is coping with the farm-glut scandal. Swollen by the costs of buying and storing farm surpluses—largely created by obsolete federal price supports—Agriculture Department spending will mount this fiscal year to $6.9 billion, more than twice the combined outlays of the State, Justice, Interior, Commerce and Labor Departments.

The surplus wheat, corn, cotton, cheese, etc., in federal storage adds up to such fantastic bulk that it costs nearly $1 billion a year just to store the stuff while it slowly deteriorates. And...

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!