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In July 1980, I administratively raised loan prices for wheat, feedgrains, and soybeans to help offset the effects of a serious cost-price squeeze. At the same time, the release and call prices for the grain reserve were adjusted upward. The Agricultural Adjustment Act of 1980 raised the target prices for 1980-crop wheat and feed grain crops.
The number of members grew, and the subscriptions so increased, that the society was enabled to buy tea, sugar, and other articles, and distribute them amongst the members at cost-price. They superseded the shopkeepers, and became their own tradesmen. They insisted from the first on payments in cash. No credit was given. The society grew.
Hector McKaye and his close-mouthed general manager, Andrew Daney, were the only persons who knew the extent of The Laird's fortune. Even their knowledge was approximate, however, for The Laird disliked to delude himself, and carried on his books at their cost-price properties which had appreciated tremendously in value since their purchase.
"More bread!" the Warden repeated in astonishment. "Why, the new Government Bakery was opened only last week, and I gave orders to sell the bread at cost-price during the present scarcity! What can they expect more?" "The Bakery's closed, y'reince!" the Chancellor said, more loudly and clearly than he had spoken yet.
To ease the struggles of the poor, unless it be in sickness or absolute want, I have repeatedly proved to be a cruel kindness." "Then you don't sell to the poor women at cost-price always?" "No only to the soldiers' wives. They have a very hard life of it, poor things!" "That is your custom, then?" "For the last ten years, but I don't let them know it."
The curate woke up in the presence of the unwinged, and saw that the woman had left the shop. "I did let her have the print at cost-price," Mr. Drew went on, laughing merrily. "That was all I could venture on." "Where was the danger?" "Ah, you don't know so well as I do the good of having some difficulty in getting what you need!
They are allowed neither to dwell in the houses which they build, nor to attend the plays which their labor supports, nor to enjoy the rest which their body requires. And why? Because the right of increase does not permit these things to be sold at the cost-price, which is all that laborers can afford to pay.
Beyond this, it will be important for the Congress to keep a close eye on price-cost developments in the farm sector. As noted above, some of the actions I took last year were for the purpose of providing relief from the cost-price squeeze facing farmers. Should these pressures continue, further actions might be required.
In July 1980, I administratively raised loan prices for wheat, feedgrains, and soybeans to help offset the effects of a serious cost-price squeeze. At the same time, the release and call prices for the grain reserve were adjusted upward. The Agricultural Adjustment Act of 1980 raised the target prices for 1980-crop wheat and feed grain crops.
Beyond this, it will be important for the Congress to keep a close eye on price-cost developments in the farm sector. As noted above, some of the actions I took last year were for the purpose of providing relief from the cost-price squeeze facing farmers. Should these pressures continue, further actions might be required.
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