Word: corns
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Across the farm belt last week, it was clear that another bumper crop is on the way. In Illinois, the corn is already seven feet high in spots and not close to topping out. Some corn is tasseling weeks ahead of schedule, and an early harvest is in prospect. Soybeans have also benefited from perfect weather; many plants are waist high and flowering ahead of time. Good, dry planting weather came early this year across Iowa and Nebraska, and even scattered flooding has not hurt the promise of a bountiful harvest. Elsewhere in the Midwest, it is much the same...
...great bounty of U.S. agriculture continues to be a curse as well as a blessing. As the corn rises speedily, so does a forest of new silos that signals a crop-storage problem of epic proportions. All across the corn belt, from Indiana to Nebraska and Missouri to Minnesota, a binge of bin and silo building is in full swing. Reason: by the end of summer, U.S. farmers and the Department of Agriculture will be buried under more excess wheat, corn, rice and other products than ever before in history. Last week the immensity of the surplus became clear...
...after a 1673 voyage on the Illinois and Mississippi rivers, the great tallgrass prairie of central North America covered a quarter of a billion acres, a shimmering sea of grass stretching from what is now Indiana to Kansas, from Canada into Texas. But the soil was indeed ideal for corn, and in the three centuries since, that cultivated cousin of the tallgrasses has thrived. Only a few patches of the original tallgrass prairie are left, many of them scattered across the country in such small plots as old cemeteries and railroad rights-of-way. Seventeen prairie preserves in Iowa...
...here, a playful pseudo-Miro there) attract yuppies of all ages, who begin to line up at 6:30 every evening. Among the more delectable possibilities: red beans with snails, a layered potato omelet, white beans with clams, and deep-fried eggs. Usually on hand are steak with chili corn sauce, stuffed squid, eggplant and tomato combinations and even small portions of main-course dishes like paella. The tiny portions range in price from $1.50 to $5.50, and the check grows as drinking induces hunger and a hat-over- the-windmill attitude develops toward the mounting total...
...markets. Last month the U.S. Treasury extolled a $500 million World Bank loan to Brazil as an "excellent" example of such lending. In return for the money, Brazil agreed to cut deeply into a variety of agricultural subsidies and to relax government control of the marketing of soy products, corn and cotton...