Word: bushelful
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Dates: during 1970-1979
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...Dollars a Bushel...
...many people are coming to buy wood that the price of a two-bushel basket of firewood which sold for $3 last year now sells for $4--a 33-per-cent increase...
...example, in the past 15 years, increasingly potent seeds, pesticides and fertilizers, along with ever more advanced methods and machinery, have almost doubled the average corn yield to 92 bu. an acre. On some experimental farms, yields have already reached 300 bu. Soybean yields have risen by half a bushel an acre per year for the past ten years, to about 30 bu. The Government figures that by 1985, soybean production will increase by more than 30%, to 2 billion bu., and that estimate seems low. Agronomists contend that they could double the soybean crop in a few years...
...levels. The targets are much higher than the historical market price of these commodities, thus increasing the chances for bigger handouts and locking an inflationary bias into farm policy for the next four years. For example, at this time last year the selling price of wheat was $1.69 a bushel: corn was $1.30 and cotton 35 cents. In the Senate version of the bill, the Government would make up the difference to farmers if the price of wheat fell under $2.28 a bushel, corn below $1.53 and cotton under 43 cents...
...rest of the world may, in fact, be gone forever. According to the General Accounting Office, the $1 billion sale of U.S. grain to the Soviet Union last fall was by far the biggest cause in lifting the price of American wheat by 100%, to $3 a bushel, and led to increases in the cost of flour and bread. On top of that, the GAO reports, the Agriculture Department made things worse by paying $300 million in subsidies to keep the selling price to the Russians unrealistically...