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Farm Prices Could Trigger Subsidies
An White House analysis on the one year farm bill shows wheat and corn price supports may rise, triggering large subsidy payments. If enacted, target prices for wheat could reach about 3.42 a bushel in 1975 and 3.42-3.42 later, with dairy and cotton also affected, potentially boosting government purchases and retail prices while carving out billions in subsidies through 1977.
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