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...increase the income of farmers by cutting their costs, improving their products and widening the market by lowering prices to the housewife. Under the contract, the packing company makes a deal with a farmer to buy all his hogs at a set premium (as much as 50? per cwt.) over the delivery day's average market price. The packer can pay this premium because under the contract the farmer follows expert advice on breeding and feeding, gets leaner pork, which brings higher retail prices and competes better with beef. With marketing risks removed, farmers can deliver more pork...

Author: /time Magazine | Title: CONTRACT FARMING: Brings Higher Income, Lower Prices | 2/3/1958 | See Source »

This is exactly what shrewd wheat farmers from Kansas to California did. Everyone joined the soil bank-and everyone piled on the sorghum. For the first time, the sorghum crop in Kansas was bigger than wheat-by 20 million bu. Result: with sorghum selling at $1.57 per cwt. on the free market and Government price supports at $1.83 per cwt., the U.S. will have to buy around 40% of the record crop at a cost of some $183 million in price supports. Then it will have to store the sorghum (if it can find space in wheat-filled granaries...

Author: /time Magazine | Title: AGRICULTURE: The Great Sorghum Game | 10/7/1957 | See Source »

...dried up 14 Midwest and Southwest states, plus soil-bank payments, which will make participating farmers an average $1,000 richer in 1957 t came also from smarter marketing a curbing of production to meet demand. Hog shipments were down 13% thus pushing prices as high as $18.25 cwt v. $15.75 last year...

Author: /time Magazine | Title: STATE OF BUSINESS: Upturn on the Farm | 4/29/1957 | See Source »

...jumped 2? a loaf in San Francisco. Diamonds were up 10% in Dallas. Clothing in some areas is going up 71%. Food also is expected to go higher, largely as a result of higher handling costs. Said a Memphis executive: "We're paying more in freight charges per cwt. on some items than we do for the merchandise itself...

Author: /time Magazine | Title: STATE OF BUSINESS: The Price of the Boom | 8/27/1956 | See Source »

COSTLIER BEEF is in sight; choice grades soared in Chicago stockyards to $25.50 per cwt., highest since May 1955. With the 13 major feeding states reporting 10% fewer cattle on feed lots than a year ago and shipments down to a two-month low, stockyard prices climbed $2.50 in three days...

Author: /time Magazine | Title: Time Clock, Aug. 6, 1956 | 8/6/1956 | See Source »

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