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Soil Bank Pledges Keep Farm Prices From Slump
Washington officials assured Friday that payments in kind under the soil bank plan would not depress prices. Testifying before the Senate Agriculture Committee, Annie representatives from the U.S. Chamber of Commerce and vegetable growers said the program would lift market prices. Secretary of Agriculture Benson said the soil bank would operate to support prices, not cut them, as Congress debated provisions to pay farmers in certificates for shifting corn, cotton, rice and wheat land into the soil bank. Critics warned the plan could depress farm prices if surplus crops are used for payments and then sold at market value.
MENTIONED IN THIS ARTICLE
Washington
Senate Agriculture Committee
U.S. Chamber of Commerce and Vegetable Growers
Annie
Agriculire
Kara Taft Benson
Soil Bank
Pledg
Repub
Urey
Darmier
Srn