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Farm Products / Price Incrs. / Wheat #475386

NBC Evening News for Thursday, Feb 28, 1974
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(Studio) Govt. announces farm products increase 1.5% during month ending February 15. Rising wheat prices lead bakers to predict bread to cost $1.00 loaf by spring. Agriculture Secretary Earl Butz discusses matter before Congress committee
REPORTER: John Chancellor

(DC) Butz uses loaf of bread to prove point. To cut price increases, something must be done after wheat leaves farm. [Senator William PROXMIRE - asks about wheat exports and likelihood of United States wheat shortage.] [BUTZ - assures Americans that wheat is available.] Butz concedes bread prices could incr. somewhat.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.

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