Once again the Democratic Congress has acted to relieve
farmers of some of the pressures resulting from increasing costs and falling
prices. Today the House passed the Proxmire-Kennedy bill increasing price
supports for manufacturing milk from $3.06, per hundredweight, to $3.22
and for butterfat from 56.6 cents per pound to 59.6 cents. If the usual
pattern of the past 7 1/2 years prevails, the bill will be vetoed. If it
is signed, it will be the first time that a bill which raises farm price
supports has not been vetoed since 1952.
The bill will save dairy farmers from a potential $180
million annual loss of income.
A Democratic administration will guarantee that this will
be but the first in a long - and long overdue - series of measures to be
enacted into law which will give American farmers what they have not had
in recent years: prices and income which are comparable to those received
by other segments of our economy and in keeping with the farmers' contributions
to our national welfare.