Word: cropped
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...trucks to ship them east, a loss that is calculated at $15 million to $25 million. In Florida some farmers face ruin unless 2,000 truckers can be found to ship $50 million in produce to Northern markets. An estimated 45% of the state's $30 million watermelon crop has been spoiled. Produce brokers are offering up to 35% above normal pay to anyone willing to haul produce, and about 90% of the Southern harvest is being moved. Says Jack Gilchrist of the Georgia department of agriculture: "We were right on the edge of catastrophe when things changed...
Ivan wants more beef, so U.S. crop sales surge again
...hopes of U.S. farmers are as high as an elephant's eye. After several years of bumper crops that left growers dissatisfied with their incomes, they face the unusual and happy prospect of enjoying both substantial grain harvests and rising prices. The key reason for the price surge: widespread expectations in the commodity markets that the Soviet Union may go on another grain-buying binge, in part to make up for an expectedly poor crop this year. That could cause worldwide demand to outstrip production and lead to shortages. Such speculation has driven up prices for corn, wheat...
Nicaragua's agriculture, which employs a majority of the population, has been all but ruined. June is normally the month in which farmers plant cotton, the country's leading farm export, and spray the coffee crop, which ranks No. 2. This year farmers are afraid to go to their fields...
...slowdown, in Evans' view, will cause inflation to drop from its present 13% rate to about 8% by 1979's end. Chances of a leveling off of retail food prices are particularly bright because of the huge grain stockpiles and the possibility of another bin-busting crop this fall...