Word: croppings
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Dates: during 1940-1949
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More Normal Granaries. A third Rockefeller enterprise, formed with Cargill, Inc. of Minneapolis, is planning grain elevators for São Paulo and Parana. At harvest time in southern Brazil, wheat and corn take a back seat to coffee. Through poor storage, as much as 80% of the wheat crop has been lost to rats and rot. Lacking storage space, farmers often sell at panic prices. By renting space in the new company's elevators, farmers can hold off for better prices from middlemen, and Brazil will have to import less wheat. Another joint company has set up four...
...Chicago last week, the price of cash corn suddenly tumbled nearly 14? a bushel. One reason: private estimates had put the record 1948 crop at 3,540,602,000 bushels, 34 million bushels greater than the Department of Agriculture's latest forecast...
Future prices quoted on the new crop were now some 20? below the anticipated Government support level of $1.60 a bushel at Chicago. But farmers could not get loans on their corn from the Government at support levels until they got their crop into storage-and there was not enough room to store it. Traders guessed that as many as 500 million bushels might be dumped on the open market for lack of storage. That would drive prices down still further...
...bigger the crop, the bigger would be the Government subsidy. In the great harvest, some estimates were that the farm price support program would cost the taxpayer $1.5 billion. As for high prices, as far as anyone could see now, the consumer would have to go on paying them...
Peaches & Plums. This year's vegetable crop is a record-breaker and By Ward Market showed it. Ripe tomatoes as big as softballs glowed in almost every stall. Heaps of corn, cucumbers, rutabagas and broccoli were piled around them. On the fruit stands were new Duchess and Melba apples, peaches, plums and melons. For added color and fragrance there were asters, snapdragons, baby's breath, zinnias...