Word: cornes
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...would not be applying rigid controls on all wages and prices, the board could escape some of the niggling questions on which policers of the freeze have been forced to rule. One such ruling classified unpopped popcorn as an agricultural product exempt from the freeze-but held popped corn to be a processed food, and thus frozen...
This bursting cornucopia is not likely to result in quick or major cuts in food prices. Feed for hogs and cattle will be cheaper as a result of the bumper corn crop. But farmers reduced their hog production last year because of low prices and high feed costs caused by the blight. The effect of their decision will be felt in stores early next year and will probably make bacon, sausage and other pork products slightly costlier than now. More cattle will be raised this year, but this beefed-up production will not be reflected in meat-counter prices...
...livestock, which accounts for about 60% of farm earnings, has a widespread effect. Thus the payments farmers receive for the rich autumn bounty will be partially offset by relatively meager prices for hogs, poultry and eggs in the first half of the year. To nudge farmers into growing more corn as a hedge against blight, the Department of Agriculture discontinued some support payments for unused acreage. All together, the move will snip Government payments to farmers this year by $500 million, to about $3.2 billion. Economist Simerl reckons that because of lower prices the total cash value of the record...
...major part of the decision on prices for farmers, and indirectly for consumers, will be made in commodities exchanges like the Chicago Board of Trade, the nation's largest. September corn futures closed there last week at $1.40 a bushel v. $1.51 for the same day last year. Because of growing world demand for soybeans, of which the U.S. is the leading producer, trading in them has been brisk, and the commodity closed the week at $3.05 compared with $2.79 at the same time last year...
...Spray. District officials did not need to be asked twice. After buying 7,000 acres, they set up a small test project. "It was amazing," says Bart T. Lyman, chief of maintenance and operations. "Corn planted on three acres of land treated with sludge grew eight feet tall. By comparison, the stalks on two acres of untreated land were stunted, only three feet high...