Word: cropped
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...Senate. The petite (5 ft. 2 in.) Kassebaum campaigned at first in a softspoken, gentle manner but quickly picked up the tempo against former Democratic Congressman Bill Roy. She wound up strong-spirited and refreshingly frank, telling Kansas farmers that their demands for 100% of parity on crop supports were unrealistic and inflationary. She told women's groups that she favored the Equal Rights Amendment but was against extending the time limit for its ratification. She told teachers' groups that she opposed a separate U.S. Department of Education. She supported the Panama Canal treaties, which were unpopular in Kansas. Speaking...
...Hightower points out in his book on the food industry, Eat Your Heart Out, "the question is no simply who owns the farm, but who owns the farmer." Because they lack market power, farmers have been forced to sign contracts which commit the farmer to grow a certain crop for a certain price. If a farmer has had a bad year and goes into debt, a common occurance in such an unpredictable business, the corporate contractor can step in and tell the farmer how to run his farm...
...extended vertical integration to wheat. He was miffed because the operators of a country elevator refused to buy part of his crop when he judged the price to be right, but told him to wait several weeks while they worked out storage and transport snarls. Benedict got nine other growers together to put up $1.5 million, buy an elevator and incorporate it as Northern Grain...
...because he's shutting down and you're taking on debts to expand." But in his view expansion is the only way to make money: "Each acre produces so little profit that all you can do is go for bigger acres and make sure that each acre produces more crop." So, besides buying land, he has purchased so much machinery that it requires a football-field-sized yard just to park it. A partial inventory: four 15-ton trucks, three pickup trucks, seven tractors, three center-pivot irrigators and three wheat combines that cost $30,000 each, yet are used...
...wheat acres this year, he would have qualified to receive a Government-guaranteed "target price" of $3.40 a bushel. Benedict elected instead to plant all his 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...