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Abstract
Excerpt from the report Summary: Despite acreage-control programs designed to retard output expansion and shift cropland to conservation uses, in recent years agricultural production has continued to expand more than market outlets. During the 1950's, surplus production caused prices of farm products to decline about 20 percent more than prices paid by farmers. Carryover stocks of farm products went up greatly. If it had not been for acreage restrictions on crop production, however, price declines and stock accumulations would have been even greater.