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The Ypsilanti Daily Press
Ypsilanti, Washtenaw County, Michigan
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Agriculture Department experts propose ceilings on livestock prices combined with subsidies to prevent big packers from profiting at farmers' expense and protect small packers. Secretary Wickard supports if it doesn't harm farmers and favors repealing parity floor.
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(By International News Service)
Washington, Aug. 20-INS-A double-barreled plan, advanced by Agriculture Department experts today, would allow the Office of Price Administration to place "average ceilings on livestock prices."
The ceilings, agriculture experts said, must be high enough to stay the big packers from taking exorbitant profits' at the farmers' expense.
The program, they added, would combine the ceilings with a present department subsidy system to keep small packers from being squeezed out of business.
Last night in a policy speech Secretary of Agriculture Wickard offered to approve OPA ceilings on livestock prices if a program could be worked out which would not take wages from the farmer and give them to the 'big' packers.
Wickard also disclosed that he now favors repeal of the provision in the price control law which puts a floor of 100 per cent of parity under farm prices.
The "ceiling-subsidy" plan, agriculture officials said, is possibly the solution to the problem posed by Secretary Wickard.
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Domestic News Details
Primary Location
Washington
Event Date
Aug. 20
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A double-barreled plan advanced by Agriculture Department experts would allow the Office of Price Administration to place average ceilings on livestock prices, combined with a subsidy system to protect small packers. Secretary Wickard offered to approve OPA ceilings if they do not transfer farmers' wages to big packers and favors repealing the 100 percent parity floor provision.