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Show Bumper Crops Eliminate Famine Scourge in World The "long expected postwar recession re-cession in agriculture" got under way in 1948, but it was proving to be unlike the often mentioned agricultural panic of 1921. The world food crisis, still in a dangerous phase in the early part of the year, became notably easier with the excellent harvests in many parts of the world and, more particularly, the bumper crops in western Europe and the United States. All except a few of the more pessimistic began to regard the food situation with cautious optimism. optim-ism. Famine for once was not prevalent in any large portion of the world during 1948. As bumper crop piled on bumper crop, worries returned in the surplus sur-plus exporting areas, particularly the United States, as to whether world markets would continue to absorb the surpluses, and how price support programs and accumulating ac-cumulating stockpiles might be managed. This turn of events received emphasis, em-phasis, as evidence accumulated that the acreage already sown under favorable conditions, and to be sown with wheat'for 1949 harvest, har-vest, would probably be a new high record. |