Word: bushel
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Dates: during 1950-1959
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...Busting Crop. The trouble began to develop two years ago, when Canada exported only 41% of its bin-busting 614-million-bushel wheat crop instead of the usual 55%-60%. Rust and harvesttime rain cut last year's crop to 309 million bushels, but exports again fell off sharply. Britain withdrew from the International Wheat Agreement, India and France began to grow more of their own grain as a matter of national policy, and Argentina, bouncing back from a year-long drought, stepped up its sales in Latin America. The U.S., burdened with a giant surplus...
...orchard lot, where he poured the slop into two troughs and heard the chup-chop of the sows' jaws. Glad to get away from the smell of the hoghouse, Joe waded through high grass and weeds to what was once a brooder house. He hefted a two-bushel bag of mixed feed and poured most of it into a trough for his non-purebred calves. Stepping back, he gauged with practiced eye each calf's enthusiasm for the mixture. Such attention pays off: only a few days before, he had spotted a white-faced black steer (a grade...
...prospect of the big harvest, prices went down. Cotton sold for about 34? a lb., 11? less than it was four years ago, while wheat sold for less than $2.15 a bushel, off more than 85? in some eight years. Last year, even with parts of the nation suffering from a drought, the Department of Agriculture had to buy $7,198,000,000 worth of surplus commodities under the price-support program. This year, it looked as if the bill would be still higher...
High price supports in recent years led to bumper crops and, eventually, an enormous surplus: 1 billion bushels of wheat, a whole year's supply (which cost the Government $2.5 billion, plus $150 million a year for storage fees). Agriculture Secretary Ezra Taft Benson cut the planted wheat acreage from 79 to 55 million, while the support price dropped from $2.24 a bushel to $2.06. To qualify for support payments, farmers had to accept quotas and acreage restrictions. They complained but complied. Result: the harvest fell from 1,300 million bushels in 1952 to 839 million this year...
...crop, Secretary Benson cut the proposed support price again, to reduce production further. In last week's election, farmers were faced with a hard choice: to accept the quota restrictions and a support price of $1.81 a bushel for their wheat (76% of parity), or to reject the quotas and sell all they can at whatever price the market would bring. Without quotas, the supported price would be only $1.19 a bushel and to get that, farmers still would have to accept acreage restrictions. "It's not too good a choice," said South Dakota's Senator Francis...