Word: cornes
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Joseph D. Corn Tabernacle...
...different. On the remote Long Chi (Dragon's Pond) commune, perched on the lower slopes of 9,000-ft-high Mount Emei, the soil is rocky and dry. Farming is confined to low-yielding terraces that have been carved out of the hills and planted primarily with corn. Peasant incomes are one-third of those on the wealthy Jin Ma commune; they average $44 a year, more than half of which is distributed in grain rather than cash. No one starves, but the commune members eat meat only once a week...
Prices for key commodities, such as corn and soybeans, are now higher than they were before the Soviet embargo. Iowa farmers, who were getting $2.15 per bu. of corn before the embargo, were getting $2.76 at week's end, the highest price in nearly four years. Wheat in central Kansas closed the week at $3.70 per bu., nearly back to the $3.80 price in January. Beef prices, however, will start falling by November because of accelerated slaughtering due to the drought. That will result in somewhat lower beef prices then, but higher ones early next year...
Thus, while Southern farmers are downcast, many of their Midwestern counterparts are happy. The reason: their heavy stocks of wheat or corn in storage are now worth more. Said Maurice Van Nostrand, an official of the giant A.G.R.I. Industries, a cooperative of grain elevator operators: "In the last two weeks, we have been buying three times as much as we did in May. I can't imagine the market being more powerful, even if the Russians were still...
...weather would add no more than one-tenth of 1% to the cost of food this year. The important 1.85 billion bu. winter-wheat crop had already matured before the weather turned bad. In addition, the U.S. holds such huge agricultural reserves, like the 1.7 billion bu. of corn and 901 million bu. of wheat from past good harvests, that there is at present no danger of shortages. The recent years of harvest feasts will permit U.S. agriculture as a whole to survive a relatively short period of drought and heat...