Where it Hurts

October 1955
New Republic;10/31/55, Vol. 133 Issue 18, p4
This article identifies a series of developments that testify the farm-price squeeze, which became a political issue. Cotton farmers in the South, after having their acreage cut by Secretary of Agriculture to the 1909 level, turned out 2 percent more cotton than in 1954. They simply poured on more fertilizer. Now the secretary is required by law to make another cut in acreage in an election year ahead. Nationally, farmer's net income dropped another five and a half percent in the third quarter of 1955, ending September 30, the President's Council of Economic Advisers reported. During the same quarter industrial profits and wages from urban employment set all- time records.


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