Food Price Subsidies

Archive Report

Food Price Under Defence Production Act

The Defense Production Act of 1950, as now written, will A expire on June 30, 1951. Revision and extension of the act was asked by President Truman in his State of the Union message, Jan. 8, but administration proposals for change, although promised by mid-February, have not yet been sent to Congress. The delay appears to be due to disagreement among the President's advisers on whether to seek some relaxation of the price protections now enjoyed by agricultural commodities or to recommend a system of consumer subsidies to stabilize food prices at retail.

Under present provisions of the Defense Production Act no price ceiling may be set for any agricultural commodity which is below the current parity (“fair” market price) ...

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