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...export total. The embargo came as painful news for producers, since world prices for rice had fallen 28% during the previous year. Nor are rice growers the only farmers feeling the pinch. Before the invasion, Baghdad was buying $350 million worth of other U.S. grains annually, including wheat, corn, barley and soybeans...

Author: /time Magazine | Title: Frozen In Midstream | 11/19/1990 | See Source »

...oils consumed in the U.S. Four years ago, Procter & Gamble converted its Puritan cooking-oil line from a soy-sunflower blend to 100% canola. Earlier this year Dean Foods, a Virginia-based company, rolled out a margarine rich in canola. Next year Frito-Lay plans to introduce SunChips, corn chips fried in canola oil. This surge of interest has caused a boomlet in Kentucky, Tennessee and Indiana, where growers are starting to plant acreage in the 5-ft., yellow-flowering rapeseed plants from which canola oil is derived...

Author: /time Magazine | Title: Food: A Card Game? | 11/12/1990 | See Source »

...ones built in his state. Dole has received at least $4,250 from the two manufacturers. Dole also got special treatment for an old friend -- Dwayne Andreas, president of the Archer-Daniels-Midland Co. ADM produces 70% of the country's ethanol, a gasoline substitute distilled from corn. The Senator protected an existing 60 cents-per-gal. tax credit that goes to the firms that turn the ethanol into the gasohol used in cars. Andreas and ADM's PAC have contributed $10,000 to Dole...

Author: /time Magazine | Title: A Little Help for Some Friends | 11/5/1990 | See Source »

Rabbit is even awed by the ingredients on his favorite brand of corn chips. "Corn, vegetable oil, (contains one or more of the following oils: peanut, cottonseed, corn partially hydrogenated soybean), salt." These, of course, are all "absolutely nots" for an overweight, 56-year old man who just got out of the hospital for angioplasty. "Doesn't sound so bad," Rabbit says lackadaisically before eating the whole...

Author: By Beth L. Pinsker, | Title: Wittily Watching Things Fall Apart | 10/12/1990 | See Source »

...because of the E.C.'s stubbornness on farm subsidies. To underscore her point, U.S. trade negotiators plan this week to propose reductions of as much as 70% in all worldwide domestic farm subsidies, plus even heavier cuts in export subsidies and greater market access for such agricultural imports as corn and wheat in the E.C., sugar and dairy products in the U.S. and rice in Japan. The so-called Cairns Group of 14 agricultural- exporting countries ranging from Argentina to Australia has threatened to block accords in other trade areas unless GATT members agree on substantial agricultural reforms...

Author: /time Magazine | Title: How Stubborn Can You Get? | 10/8/1990 | See Source »

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