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Payment-In-Kind Program / Corporate Payments #288309

CBS Evening News for Friday, Dec 30, 1983
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(Studio) Purpose of President Reagan's payment-in-kind (PIK) program and basis of opposition to it recalled.
REPORTER: Dan Rather

(San Joaquin Valley, California) Extensive PIK payments to Boswell Corporation in California for not growing wheat on land that actually is under water examined; background to situation explained. [Agriculture stabilization office spokesperson John SMYTHE - notes Boswell used law to its advantage.] [Deputy agriculture secretary Richard LYNG, Representative Richard LEHMAN - debate merits of PIK.] Boswell and other corporate farmers noted now seeking incrd. federal aid to ease flood damage on land compensated for under PIK; details given.
REPORTER: Barry Petersen

Petersen, Barry;
Rather, Dan

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