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Facts Forum News, Vol. 5, No. 4, April 1956
File 005
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Facts Forum. Facts Forum News, Vol. 5, No. 4, April 1956 - File 005. 1956-04. University of Houston Libraries. University of Houston Digital Library. Web. November 17, 2019. https://digital.lib.uh.edu/collection/1352973/item/1119/show/1054.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1956-04). Facts Forum News, Vol. 5, No. 4, April 1956 - File 005. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/1119/show/1054

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 5, No. 4, April 1956 - File 005, 1956-04, Facts Forum News, 1955-1956, University of Houston Libraries, accessed November 17, 2019, https://digital.lib.uh.edu/collection/1352973/item/1119/show/1054.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 5, No. 4, April 1956
Series Title Facts Forum News
Creator
  • Facts Forum
Publisher Facts Forum
Date April 1956
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 5 1956; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States: This item is in the public domain in the United States and may be used freely in the United States. The item may not be in the public domain under the copyright laws of other countries.
Item Description
Title File 005
Transcript ■obi" pi- at cm ctioii. s: esu the Farm Problem Senator Allen J. Ellender (D-La.), right, Chairman of the Senate Committee on Agriculture and Forestry, presents for readers of Facts Forum News the basic provisions of the farm bill approved by the Committee, and in the following article tells why it differed from the President's farm plan. it''! id iH'',r; muls*"1 '•' is* "'" 1 heloM and i ev *"' pric* „ i *{K ketsj coV . ,o»-]"\: rtis"",, ce >" A JUDGING from the political sharpshooting that followed the reporting of the Senate Agriculture Committee's 1956 farm bill, one would think that "90 per •fcnt of parity" is an evil phrase, one that portends more ■Stress for our sagging farm economy. Unfortunately, that is the impression being spoon-fed '" the average American citizen; it is fostered by those •>ho refuse to be realistic and who advocate an agricultural philosophy which will lead to even more shrunken '•'nn income. This, incidentally, is inevitable unless some- "nig concrete is done now. The Senate Committee on Agriculture and Forestry ''''1 not adopt a two-year extension of rigid 90 per cent of Parity price supports for political reasons. On the con- .r;»'y, the 8-7 vote which reinstated high price supports deluded three Republicans and five Democrats. The Proportion of the membership voting against the proposal 1*85 similarly divided: four Republicans and three Demo- nts voted "Nay." Why, then, did the Committee feel that rigid price M,Pports should be reinstated? The reason is a simple one, and tit the same time, a repelling one. Net farm income has dropped nearly *> 'iillion since 1951 - from $14.8 billion to S10 billion in " third quarter of 1955. The farmer's share of the con- S'""ei's dollar silent for food products fell from 48 cents 1,1 1951 to 39 cents in December of 1955. During approxi- I j'h'ly that same period, net corporate profits and total *°or income increased by $3.5 billion and $46.5 billion FPectively. It was the considered judgment of the committee that . n"-'ss immediate steps were taken to bolster falling farm '"me, the depressed state of American agriculture would <r('a<l into and infect other segments of our economy. I ^ e considered a number of ways to increase farm ''"me. and increase it substantially and immediately. We l\ *Cts font \i News, April. 19,56 found that as to the basic commodities only one — an immediate increase in price support levels—would achieve the desired end, short of outright subsidy payments which neither the farmer nor the Congress desired. In the hope of bolstering farm prices of non-basics, including livestock, we have recommended an appropriation of one- quarter billion dollars to supplement Section 32 funds. (These funds are used to purchase surplus perishable commodities for use in the school lunch and similar programs.) The question has frequently been raised, "Why did not the committee confine its bill to recommendations in the President's farm message? The soil bank, the (heat Plains program, the rural redevelopment program — till suggested to the Congress by President Eisenhower — will bring some good over a long-term period. By permitting acres to remain idle, they will doubtless result in reducing our carry-over in most crops now in surplus, and thereby cause market prices to rise, if enough time elapses. But our farmers cannot wait two years or five years for relief: thev need help now, and immediate assistance is what the Committee on Agriculture and Forestry voted to extend to them. It should be noted that the immediate increase in price support levels does not stand alone in the suggested farm program; included also were the long-range programs recommended by the President — and they were included for good reason. It should also be noted that the inclusion of mandatory 90 per cent of parity price supports for five of the six basic commodities is limited to a two-year period. It is our hope that at the expiration of this period, the decline in farm income will have been effectively halted, that the long-range programs outlined by the President and included in the Committee's bill will have taken hold, and (Continued on Page 5) Page 3
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