AGRICULTURE: Good Year, Big Bill

The first comprehensive estimate of this year's farm crop was announced last week by the Department of Agriculture with a note of dismay. Though wheat, cotton and corn acreage had been cut in the hope of trimming some 5% from the huge U.S. farm surplus, this year's crop is still expected to be the second biggest in history, and the biggest since record 1948. Most farmers have lived up to their word, cut their acreage of "basic" crops as directed. But farmers, who have seen their products decline 23.5% in price in four years, did not let the land lie...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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