Word: bumpered
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...pastoral plenty of their purple land. A year ago, things did not seem so good. Uruguay had lost $69 million in foreign exchange in a year. Wool, the chief commodity Uruguay could sell directly for dollars, was not so plentiful in Uruguay in 1947. Now she has a bumper wool crop and a wheat crop big enough to pay off earlier borrowing from Argentina and leave some wheat for export...
...midyear report last week, the President's Council of Economic Advisers hailed the prospect of bumper crops as the one strong force which "should be of signal aid in checking of inflation." But was it? Thanks to the farm bloc and the Government crop-support program, the answer seemed likely to be no, at least for months to come...
Glut. With a bumper wheat crop in sight, the Department of Agriculture thought it time to cut down. Out to farmers, for the first time in five years, went the once-familiar call to reduce planting. If the department has its way, farmers will plant 71.5 million acres next crop year, 8% less than this year. To build up cattle herds depleted by the heavy slaughter last year, the department also asked cattlemen to reduce slaughterings 7% next year...
Raises Compounded. The most painful . rise of all came jn food, the one item that housewives might have expected to drop, in view of bumper crops in prospect. But damand was also up, thanks to civilian employment, which had reached a peak of 61,296,000 in June, 1,217,000 more than ever before. Thus, the price of meat in Kansas City soared to a local record of $40.50 a hundred pounds for beef steers, and a world record of $34.25 for feeder (i.e., still-to-be-fattened) steers...
Traders in corn, the prime feed for U.S. livestock, had expected a good crop-but nothing like the bumper yield forecast in the Department of Agriculture's first official estimate. Conditions as of July 1 indicated a 1948 corn harvest of 3,328,862,000 bushels, 39% over last year's dried-out crop and 2% more than 1946's record...