PRICES: The Sprouting Farm Issue

Trying to fix the blame for the high price of food has become a national preoccupation—a noisy adult version of pin the tail on the donkey, played by politicians, supermarketeers, farmers and consumers. Yet one thing is clear: despite a recent leveling, supermarket prices will climb further during 1972. That message came out of the Price Commission's hearings on food costs last week. As Assistant Agriculture Secretary Richard Lyng said: "Increases in retail food prices will, overall, be modest. There will, however, be sizable price swings in individual commodities."

Shortages account for the immediate jump in farm goods....

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