Word: bushell
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Dates: during 1940-1949
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Wickard hopes his appeal to the farmers' patriotism may cut wheat planting by 15,000,000 acres. But the profit motive is working hard against him. The farm bloc has fixed the crop-loan law so that farmers can unload their wheat on the Government at $1.14 a bushel v. 98? last year and 65? the year before...
...target areas." Auxiliary firemen were training. Test air-raid alarms were increasing. The Civil Air Patrol, of which Landis is particularly proud, was doing a bang-up job, flying a half million miles a week on courier and scouting work, though Army censorship kept its light under a bushel...
...that moment the potent, stubborn, self-seeking farm bloc was beaten. The vise which it had clamped on Congress, the Administration and the nation (TIME, July 20) was cracked. The vote permitted the Agriculture Department to sell 125 million bushels of Government-owned surplus wheat for fodder (to produce badly needed meat and eggs) at its own price (83? a bushel)-not the inflationary price that the farm bloc wanted. It released the $680,000,000 appropriation which the Department needs for its mammoth wartime food program. For every citizen concerned about feeding the United Nations and avoiding inflation, this...
...plan is simple and logical: to turn what the nation does not want into something that it needs. With 260 million surplus bushels of wheat already in the Government's hands (and many million more unwanted bushels soon to be harvested), the Government planned to sell a fraction (125 million bushels) of its hoard for use as fodder, at 83? a bushel. As fodder, the unneeded grain would be converted into much-needed meat and eggs. More than that, by releasing some of the stored wheat, grain prices would be kept from rising to artificial heights...
Farm prices have stolen a backward march on Leon Henderson, have declined without waiting for a ceiling to be clamped on them. Wheat last week was down 15? a bushel from the 1942 high; corn, 5?; rye, 28/5 soybeans, 27?; cotton, 2?: a pound; eggs, 4? a dozen...