DOW N TO EARTH ON
Nine-Point Farm Plan
The foregoing "adjustments," according to Eisenhower,
could be brought about by a Soil Bank Program. This
would consist of two parts — the Acreage-Reserve Program, and the Conservation-Reserve Program.
The Acreage-Reserve Program has as its purpose a
deferred-production plan. If the term appears ambiguous,
it means simply that the farmer would reduce voluntarily
his acreage planted to surplus crops; namely, wheat, cotton, corn and rice. The farmer, being rewarded for his
participation in the program, would be allocated certificates for commodities, the value of these certificates being
in line with the average expected yields from his acreage
withheld from tillage. These certificates would be negotiable, and could be converted into cash — all payable at
normal crop harvesting time. There would be the stipulation that the farmer not graze or harvest any crop from
the "fallow" acreage in reserve. Additionally, his acreage
allotment for marketing quota purposes would not be
The plan is to finance this Acreage-Reserve Program
with commodities owned presently by the government.
Their argument is that time, shrinkage, storage and various costs are nibbling away at the values of these commodity stockpiles. Thus, the net cost in the final scheme
of things would be less than if the government kept and
added to the stockpiles. For, if no more surpluses are
added, the stockpiles could be utilized and done away
with. Virtues of the plan, according to Eisenhower, are
it will help remove the crushing burden uf surpluses, the
essential precondition for the successful operation ot a sound
It will reduce the massive and unproductive storage costs
on governmenl holdings — costs that are running about a
million dollars a day.
It will provide an element of insurance, since fanners are
assured income from the reserve acres even in a year ot crop
It will ease apprehension among our friends abroad over
our surplus-disposal program.
It will harmonize agricultural production with peacetime
The Conservation-Reserve Program, being the second
part of the Soil Bank Plan, has as its purpose the restoration to pasture and forest some of the acreage now devoted
to surplus crops. This would, because of previous wastage
of soil and water resources, restore to pasture some of the
kind now being tilled, which would, in certain areas, eliminate or substantially decrease dust storms.
The Conservation-Reserve Program, according to Eisenhower, would bring the following awards:
It will result in improved use of soil and water resources
for the benefit of this and future generations.
It will increase our supply of much-needed farm-grown
It will help hold rain and snow where they fall and make
possible more ponds and reservoirs on the farm.
It will reduce the undue stimulus to livestock production
and consequent low livestock prices, induced by feed-grain
production on diverted acres.
It will similarly provide protection for producers of the
many small-acreage crops whose markets are threatened by
even a few diverted acres.
In combination with the acreage-reserve program for crops
in surplus, the conservation-reserve program will help during
the next several years to reduce the total volume of farm
production and improve the balance among different farm
commodities, both of which are important to a general improvement in farm prices.
'on in the
kn assist i
°n in the s
f leaving it
p. Our fa,
Jd been fa
>f been cot
reage by a
5 to bolste
Also, and equally attractive to both rural and urban Pndant dai
people alike, is the fact that the plan, according to Mr- fgerous, w<
Eisenhower, would not cost the taxpayer additional 'tli jj |owere
money, for it would be paid for by the use of the surpln5 entire eco
products now on hand. The big flaw in the plan is tha'
many farmers would doubtless want their pay in cash
(Continued en Page 81
Secretary of Agriculture Ezra Benson
real estate" on a farm
fifteen miles east of
Denver, Colorado. The
Program, as the second
part of Eisenhower's
Soil Bank Plan, would be
of great help to
farmers in this drought-
WIDE WORLD PHOTO
Facts Forum News, Api