Browsing by Subject "price supports"

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    Price Supports and the Potato Industry
    (Minnesota Agricultural Experiment Station, 1954-01) Gray, Roger W.; Sorenson, Vernon L.; Cochrane, Willard W.
    THE RECENT PRICE SUPPORT program on potatoes produced some dramatic and spectacular results. More potatoes were produced than people were willing to buy. Large amounts acquired by the government could not be disposed of in useful outlets; many potatoes were dumped and allowed to rot. The federal government spent more money buying potatoes from 1942 through 1950 than it spent for any other farm commodity from 1933 through 1950. Many of the major problems encountered in supporting potato prices were never solved; they ended only when Congress withdrew all direct price support after the 1950 crop