AGRICULTURE: Money in the Ground

"Farmers are earning less for their labor, less for their investment and less for their management ability than are other segments of our economy." So Secretary of Agriculture Charles F. Brannan plaintively told a congressional committee recently. From 1947 to 1950, said Brannan, farm net income, dwindled by 27% to $13 billion, while the U.S. national income increased 18% to $235.6 billion. Concluded Brannan: the U.S. farmer is not sharing the postwar prosperity.

Last week, Brannan's own Bureau of Agricultural Economics sang a different tune. Said the bureau: prices of farm land...

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