TIME
In response to Lyndon Johnson’s orders for economies by federal branches, the U.S. Naval Academy last week struck a doughty blow for frugality, announced that it will sell its $1,750,000, 876-acre dairy farm outside Annapolis, along with a greengrass fleet of 377 cows, 262 calves and four bulls. Finding that it can buy milk for $84,000-a-year less than it costs to produce it, the Navy plans to dry up its 55-year-old milk run by June 30, 1968.
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