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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Apr 26, 1949
Page
5
Secretary Brannan told Congress that it is not possible to forecast the cost of the administration’s farm price plan. He cited the cost question as tied closely to complex factors and future policy design.
Brannan testified before the House agriculture committee detailing a new administration plan to stop government purchases of surplus perishables to prop up prices. He cited costly, optimistic congressional estimates and explained a shift to market determined prices with deficiency payments, while continuing subsidy for stored crops like grains cotton tobacco and oilseeds.
A Senate committee heard farm groups say federal construction standards make rural road aid costly. Rawson Aldrich of the American Farm Bureau testified that local costs exceed the federal share, noting Michigan City Massachusetts native, and West Virginia leader Clyde Bonar cited a planned $100 million program yielding far fewer miles due to federal requirements.
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