Word: baled
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...last week with his crop about harvested, Farmer Harris could figure on little profit. Bad weather cut his crop severely. He had counted on two and a quarter 500-lb. bales to an acre, but is harvesting half a bale less an acre. In addition, cotton prices have so far failed to climb above the 34? a lb. Harris counted on to bring a profit. Since Harris had harvested less cotton than the total that the Government estimated when it assessed the huge penalty, he is eligible for a rebate, says he will apply for one this week. Said...
...prosperous throne room. It has U.S.-style real-estate developments, with hundreds of houses in the $10,000-to-$1 5,000 class. Last year 55 gins, six cottonseed-oil mills and four compresses-the world's biggest concentration of ginning facilities-swallowed the 400,000-bale output of the 1,650-square-mile Mexicali valley, brought in more than $68 million...
...eliminate the escalator clause in the support law before serious harm is done to the "longrun interests of our farm people." But last week influential farm-bloc Congressmen passed the word that there will be "no action this year." On commodity markets, cotton futures jumped $1 to $3.65 a bale in a single clay as cottonmen got set for higher prices and higher supports...
...Ejector. A hay-bale ejector that can be attached to standard balers was put on sale by Deere & Co. Operated by one man, the ejector takes each bale as it conies out of the press, heaves it eight feet into the air and into a wagon coupled behind the baler. Price...
Fleming's figures were underlined in a press conference in Washington where Agriculture Secretary Ezra Taft Benson took pride in the fact that his department this fiscal year is selling 7,500,000 bales of surplus cotton abroad v. total U.S. cotton exports last year of 2,200,000 bales. But Benson conceded that the Government will lose $530 million by selling cotton for an average of $115 a bale v. the Government cost...