Word: cotton
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SOMEWHERE BACK in the dark recesses of Americana, in the tradition of Cotton Mather, Huckleberry Finn and Norman Rockwell, a myth sprang up about Americans. Public figures are spreading it aggressively in these days of nuclear jitters. It is the idea that in times of crisis we as people stick together, stick it out and ultimately come...
...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...
...program will cause the greatest idling of American farmland ever. Up to 82.3 million acres, or 20% of all U.S. cropland, will be left unsowed. With some $5 billion less being spent to produce crops this year, as many as 50,000 workers in the farm sector, from cotton ginners to wheat cutters, could be hurt, according to a U.S. Department of Agriculture impact statement...
...acreage-reduction program. This overwhelming response means that, of a total of 230.4 million eligible acres, farmers this year will not harvest 32.1 million acres of wheat (35% of eligible land), 39.5 million acres of corn and sorghum (39%), 1.7 million acres of rice (43%), 6.8 million acres of cotton (44%) and 2.3 million acres of barley and oats (12%). As a result, surpluses will begin to shrink. This year's corn crop, predicts the USDA, will be only 5.6 billion bu., far below last year's record 8.4 billion and low enough to draw down stocks...
...success in selling its visitors to corporate advertisers has not been without its drawbacks. With more and more companies giving away their products, some of the students are getting a little spoiled. "I was giving out shirts and one girl demanded to know if they were 100% cotton," marveled Dallas Dingle, a tour guide from Minnesota. "They're getting used to being coddled." What is more, the field has become somewhat cluttered with marketing messages. "The average student is hit by six breweries," complains Jay Lenstrom of the Miller Brewing Co. "It used to be just us and Anheuser...