Word: corns
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Dates: during 1980-1989
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...political instability on its border, moved in with nearly $3 billion in emergency funds, including $1 billion in advance payments for strategic reserve oil purchases from Mexico, $1 billion in short-term funds to tide the country over, and another $1 billion in credits for such commodities as corn and beans. The International Monetary Fund gave promise of support but in return demanded the austerity program that De la Madrid has put in place...
...that were not enough, a late freeze in the Deep South left fruit and vegetable crops devastated. Heavy rains had already delayed the planting of corn, watermelon and tobacco in Georgia, and rice, wheat and cotton in Louisiana. The apple and peach farmers in the northern part of Georgia found most of their potential harvests frozen on the trees...
...quick wit he often turns on himself. His self-deprecation springs from his country roots in Minnesota. His father was a Methodist minister of Norwegian background who spoke with both a strong accent and a stutter. To augment his $1,800-a-year church salary, he sold corn and cabbages out of his garden. His mother Claribel helped out by giving piano lessons. Fritz, as he was called, had his own chores, like gathering corncobs to burn in the kitchen stove instead of coal. He was an enthusiastic singer who competed in school contests; at Sunday church services the Mondales...
...enormous cutback in planting this year under the new federal payment-in-kind (PIK) program may be a bonanza for some farmers. In return for not planting corn, wheat, rice and cotton crops, farmers will receive up to 95% of their normal yield of these commodities free from Uncle Sam's warehouses. This is an economical way for the Government to reduce the cost of storing surpluses, and it should help the farmer by removing the glut that has caused prices to plunge. But where does it leave the marketers of such items as fertilizer and farm equipment, already...
Seed sellers will not suffer as much as other suppliers. Reason: farmers will be buying groundcover seeds to prevent erosion on acreage set aside under PIK. Some such seeds are already in short supply. Says Bob Reichert, a spokesman for DeKalb-Pfizer Genetics, a major seed producer: "Corn, soybean and sorghum seeds will suffer, but our Sudax, a sorghum sudan grass seed, is almost sold out, and our nitrogen-fixing alfalfa blends are in good demand. That eases the impact...