Word: bushelful
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...change, claimed its backers, would let wheat compete with corn as a feed grain, and weed out inefficient wheat producers. But chances are also good that the wheat states' big commercial growers would sow record crops if freed from controls and promised $1.30 for every bushel, thus adding to the bulging surplus...
There is plenty of reason for a presidential plea to do something about wheat. The present wheat-support program (75% of parity, with a 55 million-acre limit on planting) is building toward a record 1.5 billion bushel surplus next year (cost: $3.5 billion). Benson's solution, which Congress ignored this year in passing its own bill, which President Eisenhower vetoed, would do away with acreage controls and include price supports that slide a little each year toward true market levels...
...most aggressive farm groups in this field has been the Nebraska Wheat Growers Association. Four years ago, alarmed at the loss of overseas markets, the Nebraskans started levying a quarter-cent-a-bushel tax on all the wheat produced and sold in their state. The funds, amplified by foreign counterpart (local currency) funds at the disposal of the Foreign Agricultural Service, were used to run wheat laboratories in Lima and New Delhi to test local grains, in the process show mills what good U.S. wheat grades to order to make more nutritious, more bakable bread. The work went over...
Easy Pickings. The drop in prices was largely seasonal, although the surplus was the result of the revolution in egg raising. Not only do today's hens lay twice as many eggs per bushel of feed as their grandmothers did, but their peak laying period has been prolonged. The new, automated egg operations have made egg raising so easy that virtually every section of the country now mass-produces eggs. The Southeastern states until five years ago were major egg importers; they are now major exporters, and many Southern eggmen predict that in a few years they will raise...
...Commerce Minister Gordon Churchill is also considering a personal selling visit to the Soviet Union, and possibly Red China, to try for bigger orders from last year's most surprising new customers. The one major stumbling block to bumper business is the U.S., which is completing a billion-bushel harvest of its own and is just as anxious as Canada to cut down wheat stocks. Canadians think they can more than hold their own. Though the U.S. wheat is likely to be cheaper on world markets, its quality is lower, cannot compare to Canada's rich harvest from...