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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 10, 1973
Page
3
Washington AP reports the House prepared for a clash over a farm bill shaping farm support and food programs. Debate centered on guaranteed income levels, target price subsidies for cotton, wheat, and feed grains, and proposed limits on payments to large growers. The Nixon administration challenged the measure citing potential consumer and taxpayer impact.
Consumer impact hinges on a proposed amendment to adjust target prices for the final three years of the farm bill by the cost of production and yields. First year targets would be 2.05 per bushel for wheat 1.38 for corn and 0.38 per pound for cotton, with inflation concerns from the Nixon administration. The bill also trims payment ceilings from 55 000 per crop to 47 000 while sparking debates over stamp eligibility and potential bans for strikers.
A Mobil executives’ letter to Congress and editors argues the gasoline shortage is real and not a hoax. It cites higher production, political and regulatory factors, and few controllable causes, urging conservation and a national energy effort.
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