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Wallace Seeks 10 Million Acre Cotton Cut to Boost Prices
Secretary Wallace urges reducing cotton acreage by about 10,000,000 acres to lift prices for southern farmers under the new farm act. The Smith option would offer loans-backed options to growers willing to retire land, with price rises financed by other policy tools and potential domestic price support.
MENTIONED IN THIS ARTICLE
Wallace
Roy F. Hendrickson
Associated Press
Washington
Smith
South Carolina