Word: bushelful
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Would even that whopping sum be enough to pay for the support program? As farmers wound up the harvest of the second biggest crop in U.S. history, CCC's present bankroll seemed none too fat. The corn crop alone might hit 3.5 billion bushels and granaries were still clogged by last year's 805 million bushel surplus...
...monster of the department's own making. U.S. paint manufacturers, big users of linseed oil (crushed from flaxseed), were being gouged by Argentine suppliers at the end of World War II. So the department encouraged domestic production by pegging the price of flaxseed at $6 a bushel. The encouraged farmers raised so much flaxseed that the market collapsed. CCC loss to date on flaxseed and linseed oil: $73 million...
...even the farmers might rebel against the increasing controls of support programs. They can catch a glimpse of their future in the proposed new potato support program. The more openhanded the Government becomes, the more strictly it may have to control what farmers grow right down to the bushel...
...Kansas, farmers reported freakish results. Wheat had fizzled out where early prospects looked promising, had produced well in areas written off as no good. Yield ran from as low as 2 bushels an acre up to 40. The Kansas crop was almost a complete reversal of last year's "miracle wheat," where stunted, scraggly stems had borne unexpectedly huge heads, and the state's estimated 160-million-bushel harvest had turned into 231 million bushels. This year's 251-million-bushel estimate may turn out to be as much as 75 million bushels too high...
...poor harvest carried a few windfalls of good fortune. Last week, as feckless "shorts" ran to cover their bets in the grain markets, the price of wheat futures rose to the highest they had been in five months. At their peak of $2.06, December futures were 10? a bushel higher than a month ago. Millers and bakers, who had been taking their own good time about buying supplies, expecting to get bargain prices, decided to do their buying now-before prices got any higher...