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Cotton Subsidy #22764

ABC Evening News for Monday, Jan 01, 1973
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(Studio) Illinois Congress Paul Findley told that cotton industry entitled to $10 million federal grant this year to bolster cotton industry. In 1970 Congress enacted 3 year $30 million program to help industry recover from substitution of synthetics for cotton. Program not working.
REPORTER: Harry Reasoner

(Lubbock County, Texas) United States has big cotton surplus. Hopes to sell it to China. [Plains Cotton Growers Association spokesperson Don JOHNSON - says China sale would help industry.] [Lubbock County cotton grower Roy FORKNER - approves United States wheat sale to USSR . Hopes to sell cotton to USSR and China.]
REPORTER: Bill Wordham

Reasoner, Harry;
Wordham, Bill

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