FARMING: Land Boom

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The worldwide food shortage—and talk of boosting ceilings on farm products as an incentive for more production—was a persuasive argument to take a chance. It was easy to overlook the fact that farm income, now at the whopping high of $20.4 billion, had been leveling off and that the last boom did not collapse for a year after farm income had started to drop. Last week, Secretary of Agriculture Clinton P. Anderson gravely warned that high prices and food shortages might be comparatively short-lived. Said he: "The present demand is not necessarily a sign that agriculture will permanently have adequate markets."

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