Word: coverings
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Dates: during 1970-1979
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...bring to life this week's cover story on American farming, ten photographers crisscrossed the nation for upwards of a month. Picture Editor Arnold Drapkin and his assistants then sifted through the harvest of hundreds of rolls of film, eventually culling 80 or so photos for consideration. Finally, after a number of lengthy viewings, TIME'S editors selected the color and black-and-white pictures that accompany the text. Drapkin, who became our picture editor last July, has been chasing down the right pictures for TIME for 28 years. Says he: "I look for the added dimension...
...Washington talks are also bogged down on technical details. Last week, for example, oil experts and economists from both delegations began discussions on how to resolve compensation claims and marketing procedures for Sinai oil. The Israelis are asking for more than $100 million to cover past capital investments in the oilfields, and want to be given privileged status as a Sinai oil customer in the years to come. The Egyptians are demanding $2 billion in compensation for the oil that Israel pumped out during eleven years of occupation. They will sell Sinai oil to the Israelis in the future...
There is considerable room for improvement in farm policy. If some form of price support has to be continued?and a case can be made for it as a kind of disaster insurance?the practice of setting target prices just high enough to cover most production costs is a good one. But many experts believe the Government should drop its set-aside programs and once more urge farmers to produce. The U.S. and the world need all the food that American farmers can grow. Set-asides also tend to benefit big farmers, who can more easily take...
Meanwhile, a sweeping change in federal farm laws enacted in 1973 has forced farmers to become marketing specialists. Nearly all crops these days must be sold on the private market. Washington will make cash payments to farmers if market prices fall below Government-set "target prices" that supposedly cover most?not all?production costs. But no longer will Uncle Sam buy and store crops to prop the price; federal purchases these days are limited to small amounts for foreign aid, school-lunch programs and the like. Instead, the Government encourages farmers to store on their own land any produce they...
...acres, gambling that eventually he will get a high enough price to make a larger profit on a bigger crop. Whether he wins he will not know for many months. He has signed a contract to sell 40% of his wheat crop, for a price that he says "will cover costs and a little more," and will store the rest to release whenever he judges market conditions to be right. At current prices, about $3 a bushel, his wheat crop would be worth...