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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Dec 21, 1977
Page
10
The article explains how large grain surpluses depress prices and fuel an ongoing strike by farmers. It details carryover, potential market effects, government price support programs, and the risks to farmers' finances and credit. It notes possible outcomes for planting, debt, and higher parity price scenarios.
The report estimates full parity through direct federal subsidies could raise costs dramatically. It foresees payments reaching 50 to 55 billion dollars if extended to all commodities, far above the 1.2 billion already paid to wheat growers this year, warning such Treasury outlay could not be managed.
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