In the months following the World War II bombing of Pearl Harbor, the United States began importing cotton to replace wool produced by American mills.
The cotton boom helped American textile companies thrive, and American cotton exports surged.
But in the postwar years, cotton production fell, and many cotton mills closed.
Cotton production and export booms took a back seat to the war’s aftermath.
Cotton became an expensive commodity, and the U.S. economy was unable to keep up with rising demand.
In 1956, President Dwight D. Eisenhower declared a cotton shortage, citing the growing use of synthetic fabrics as the reason for his move.
By the 1970s, the U-S-A War on Poverty and the Great Depression were making cotton more and more scarce, and farmers were forced to import cotton.
It was the same story with other industries, too.
Cotton had become a commodity that could be sold cheaply.
And the government had no appetite to spend money to help farmers get the cotton they needed to compete.
In response, Congress enacted the Farm Bill in 1953.
The Farm Bill provided $1.5 billion in farm subsidies and subsidies to farmers.
The money would be used to buy agricultural products from American farmers and to buy imported products from foreign producers.
Farmers would receive an equal share of the subsidy money, and they would be able to plant more cotton and increase the size of their farms.
In 1958, Congress passed a bill to expand farm subsidies by $100 billion over the next four years.
But the bill’s passage was met with resistance by farmers, who argued that the money was too generous.
In 1961, Congress also passed a farm bill that expanded farm subsidies, but again it was defeated.
In 1962, Congress approved a $1,000 subsidy to cover the cost of the Cotton Act of 1964.
But farmers and agricultural organizations fought to expand the program, arguing that the funds were too generous and would not be spent to make farmers’ lives better.
In 1966, Congress created a new farm bill.
But by that time, the Cotton Bill had already expired, and Congress had to rely on supplemental farm subsidies.
This farm bill included a $100 million supplemental subsidy, and in 1969, Congress provided another $100,000 in supplemental farm funds to help farm operations and reduce farm losses.
These supplemental farm programs helped increase the production of cotton and help keep farmers’ businesses afloat.
But when Congress passed the Agriculture Bill of 1964, farmers, and most Americans, thought it was going to do nothing to help American farmers.
Farmers and other agricultural organizations worried that the new farm bills would simply give away more of their subsidies.
Congress tried to address this concern by expanding the Agricultural Act of 1965, which included a new $300 subsidy for the first year.
But that wasn’t enough.
The Congressional Budget Office warned that the $300 new subsidy would be spent on programs that would be “unduly burdensome and unnecessary,” like crop insurance, crop insurance premiums, crop loss insurance, and crop insurance for farm machinery.
By making farm subsidies more costly, the Congressional Budget Center estimated that the farm bills passed in 1960 and 1965 would cost $10 billion and $16 billion over four years, respectively.
This increased farm subsidy cost a lot of money to taxpayers, especially farmers.
A lot of farmers, even though they were the ones receiving the subsidies, were worried that they wouldn’t be able do as well as they did under the new program, because the money would no longer be available for them to spend on other programs.
Farmers also worried that, by making the subsidy more expensive, the farm bill would also be less effective in reducing the use of fertilizers and pesticides.
Farmers weren’t the only ones worried.
The Agriculture Department’s own analysis of the new agricultural programs suggested that the subsidies would actually make farmers worse off.
Farmers who used synthetic fabrics and other synthetic fertilizers were expected to lose out on $5.8 billion in crop insurance premium payments.
The subsidy, the Agriculture Department estimated, would reduce the cost to taxpayers of the program by $2.3 billion.
Farmers, of course, did not see the subsidies coming.
Many farmers felt that the program was too small to help them, that it was a giveaway, and that the Agricultural Department was trying to get them to sign up for more farm subsidies without offering much else in return.
Some farmers, like Jimmie D. Thompson, a cotton farmer in Mississippi, felt that his subsidies were too small.
In 1964, he started planting cotton in the early fall of his farm.
In 1967, when his cotton crop was producing more than 10,000 bushels of cotton per acre, he decided to plant the second crop of cotton in August of that year.
By then, the cotton harvest was too heavy, and he needed more cash to cover his payments on his second crop.
To compensate for the heavy crop, he bought a $2,000 loan from the Department of Agriculture to cover a $4,000 payment on his first crop.