JFK REJECTS 'FREE MARKET' APPROACH TO AGRICULTURAL PROBLEM
Sioux Falls, South Dakota (JFK+50) On September 22, 1960, Senator John F. Kennedy (D-Massachusetts) told Midwestern farmers here in Sioux Falls that "they must accept tough controls on production if they want Government to help in earning a decent income."
The Democratic nominee for President of the United States laid out a six point program for solving the agricultural problem.
Rejecting the Republican "free-market" approach*, the Senator told farmers they must accept marketing and production controls if they expect a guarantee of a decent income.
JFK said...
"We cannot have both good prices and unlimited production."
JFK+50 NOTE
The November 1960 presidential election results saw JFK win 4 midwestern states (Illinois, Michigan, Minnesota & Missouri) with 71 electoral votes. NIXON won 8 midwestern states (Indiana, Iowa, Kansas, Nebraska, North Dakota, South Dakota, Ohio & Wisconsin) with 82 electoral votes.
*free market approach to agriculture relies on supply & demand to set prices, allocate resources and guide production without government subsidies, price controls or trade barriers.
SOURCE
"Strict Control Needed, Kennedy Tells Farmers," by David S. Broder, The Evening Star, Washington, D.C., September 22, 1960, Chronicling America, Library of Congress, www.loc.gov/
