Word: cornelis
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...young officers circle White at a lunch of steak, corn on the cob and strawberry shortcake. They have an intense curiosity about the White House and Presidents, about the center of a power structure that binds them and shapes their lives but that most will never personally hear or see. As nuclear engines throb quietly below the waves, they ask questions about the actions of Kennedy, Nixon and Carter. Perhaps they are too polite, or too young, to wonder out loud if Ronald Reagan knows what he is doing in this dangerous world...
...Argentina's few important economic friends at present is the Soviet Union. So far this year, the Soviets have bought 2.6 million tons of Argentine wheat, 68% of the amount available for export. The Soviets also will continue being big customers for Argentine corn, sorghum and soybeans...
...Lemanski, 44, and his wife Martha, 43, watched their 330-acre farm near Fennimore being sold at auction. They had left Madison, where he had been an appliance salesman, less than four years ago, going $380,000 into debt to take a fling at farming with hogs, cattle and corn. But prices fell, his 10% loans came up for renewal at 20%, and Lemanski lost $10,000 on corn alone last year. Overall, his try at farming cost him $100,000. "Numbers like that take a lot of the fun out of farming," he says...
America's 2.4 million farmers are squeezed between rising costs and falling prices. In part, they are the victims of their own remarkable productivity. Last year they turned out record crops of corn (8.2 billion bu.) and wheat (2.8 billion bu.). The 2 billion-bu. soybean harvest was exceeded only in 1979. Oats, barley and grain sorghum also had near record yields, making 1981 probably the most productive year in U.S. farm history. Unfortunately, all that abundance knocked the bottom out of prices. Corn, the nation's biggest cash crop, dropped from $3.60 per bu. in the Chicago...
Even more hurtful to farmers has been the worldwide recession. This and the strength of the dollar abroad have cut into U.S. agricultural exports, which normally account for nearly one-fourth of farm income. But so far this year exports of corn, for example, are down about onefourth. The Soviet Union, stung by the 1980 U.S. grain embargo (which one economic consulting firm estimates cost American agribusiness $22 billion), has spread out its purchases among more suppliers. Of the 43 million metric tons of grain it is expected to import from the West this year, the Soviet Union...