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Newspaper
Greeley Daily Tribune
Location
Greeley, Colorado, United States of America
Date
Jun 26, 1973
Page
5
A column argues that federal price freezes risk lasting harm. Consumers may face layoffs in meat packing and processing as prices are held while raw materials lag. Farmers face indirect freezes, export controls, and possible market shifts that could raise global food prices and weaken the dollar.
The piece argues wage levels in manufacturing fuel inflation while freezes ignore wages, blaming unions for pushing up pay and prices. It urges workers and bureaucrats to curb cycles to avoid depression, suggesting steadier wage scales could slow the inflationary spiral.
Associated Press reports the O lay price freeze will be enforced fairly with few exemptions, despite potential shortages. Officials discuss Phase 4 wage price controls and consultations with business groups to shape policy, while agriculture and exports loom over meat and poultry supply and rationing prospects.
Farmer George Allen reports destroying 20 000 day old chicks due to soaring feed costs and a 60 day price freeze. Industry spokesmen warn production cuts may lift egg and chicken prices and risk shortages. Ranger Hatchery manager notes economic loss and waste while farmers in Smiley Texas also destroy tens of thousands of eggs and birds. The administration contemplates relief steps though a broad ban on exports or easing of the price ceiling remains uncertain.
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