Word: croppings
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Dates: during 1940-1949
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After a shaky start, wheat was now second only to last year's bumper crop. Rice, soybeans, peanuts and pecans were headed for new records. Most other crops were far above average. The corn crop was phenomenal. From Illinois to Arkansas, the cornfields nodded in silky tassel. The expected crop of 3.5 million bushels was the biggest in U.S. history, and almost half again as large as last year's disappointing yield. It could bring cheaper pork by next spring, cheaper beef by fall, 1949. It should bring down the prices of butter, eggs, milk and poultry...
...keeping the nation's farmers happy. In the past five years, it announced last week, the Government has taken a $170 million loss on 196 million bushels of surplus potatoes (TIME, Aug. 9). Because the 80th Congress extended price support levels of potatoes until the whole 1948 crop was marketed, the Government was now buying potatoes at the rate of $4,000,000 a week...
...plenty of their purple land. A year ago, things did not seem so good. Uruguay had lost $69 million in foreign exchange in a year. Wool, the chief commodity Uruguay could sell directly for dollars, was not so plentiful in Uruguay in 1947. Now she has a bumper wool crop and a wheat crop big enough to pay off earlier borrowing from Argentina and leave some wheat for export...
...midyear report last week, the President's Council of Economic Advisers hailed the prospect of bumper crops as the one strong force which "should be of signal aid in checking of inflation." But was it? Thanks to the farm bloc and the Government crop-support program, the answer seemed likely to be no, at least for months to come...
...asked farmers not to increase their potato acreage this year. But farmers increased production with better fertilizers, insecticides, irrigation. They felt sure the high support prices would go even higher. By last week the Government had already paid out $17 million for surplus potatoes-and the bulk of the crop is yet to come...