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Milk Prices #270738

CBS Evening News for Monday, May 26, 1980
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(Studio) Incr. cost of milk, despite abundant supply reported.
REPORTER: Walter Cronkite

(NYC) Cost-fixing by United States government noted. Covt. purchase of milk and milk prods. to keep prices high noted. Dairy scenes shown. [Sloan's Supermkts. Jules ROSE - speaks of expected price increase] Comparative prices, without government supports, considered. Principle of government price supports on farm prods. noted. [Community Nutrition Institution Tom SMITH - says government supports encourage high production.] Govt. said paying $1 billion for milk supports; consumers $1.2 billion. Dixon, Illinois, warehouse shown. Milk for school lunches noted. Govt. purchase of milk at high prices and resale of same to foreign govts. or farmers at lower price noted. [National Milk Producers Federal Pat HEALY - says farmers could not stay in bus. without price supports.] [Farmer Bob BYRDA - says increase costs make price supports necessary.] Inflation fight and Carter's `76 campaign promise of higher supports for farmers noted. Fin. aspect of dairy farmers' role in `76 election noted. [House Agriculture Committee Representative Paul FINDLEY - says price supports for prods. in surplus supply does not seem to bother Congress] Effect of supports on taxpayers considered.
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Cronkite, Walter
Duration:
00:04:00

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