Abstract
Recent U.S. farm price support policies have resulted in expanded supplies for domestic markets at rather stable consumer prices and have made food exports more competitive in commercial markets and more readily available to those who need food aid. The role of government in control of production and marketing has been reduced. These things have been done without testing the full production capacity of the nation's agriculture. The widespread fear of more serious food shortages in several countries that was so prevalent a year ago has been tempered by realization that this year U.S. stocks of feed grains will increase, the first significant carry-over of soybeans will occur, and the domestic wheat supply will be such that wheat allotments for 1968 can be reduced by about 13 percent. The estimate by Wilcox that the United States could have increased its feed grain production by another 10 percent in 1967, had conditions
Published Version
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