Word: farmed
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Dates: during 1950-1959
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...only has returning farm prosperity benefited virtually every Oskaloosa business (Lumber Dealer Jim Mathew figures his sales are up 50%, due largely to farmers fixing up the old home place or repairing the barn), but it has brought a flock of new civic improvements in progress, e.g., three new schools, a $200,000 bowling alley and amusement center. Two years ago Oskaloosa, hungry for an industry payroll to offset the setbacks to farming, almost landed an American Chain & Cable Co. plant, but at the last minute lost out. Putting its finger on the reason, the Iowa Development Commission said: "Poor...
...Back on His Feet." Oskaloosa's good fortune was not unique. The Central Iowa Farm Business Association completed its annual report on 153 representative farms, reported net income in 1957 averaged $11,200, or 32% over 1956's $8,467 and more than 2½ "times 1955's low of $4,235. For a national view, the Farm Journal polled its regional correspondents, found business noticeably better in every section except the Southeast, where row-crop farmers have been hit by weather and acreage cuts, but livestock and poultry farmers are prospering...
Having recently been through the mill, most farmers were being prudent with their new prosperity. In Fresno, Calif., heart of the San Joaquin Valley machine-farming area, Julius Neilsen, Bank of America farm-loan representative, said: "I never saw so many farmers come in ahead of time and pay off their loans." The Iowa Life Insurance Co. reported its sales to farmers through April were up 78% over last year. And, said Red Oak Agent Stanley Fagerland: "When the farmer gets around to buying life insurance, you know he is getting back on his feet...
...smart money studied the figures and played Calumet Farm's Tim Tarn or Jewel's Reward, the Maine Chance speedster. But reading race charts is a cold-blooded business. Sentimentalists liked Silky, the brawny, unkempt boy from the West; hunch players loved him for his heart-stopping habit of hanging back, far off the pace, and coming on in the final seconds to overhaul horses in a wild scramble up the stretch...
...recent years, betting against the devil's-red-and-blue of Calumet Farm has proved a losing business. With Plain Ben Jones and his son Jimmy to handle her horses, Calumet Owner Mrs. Gene Markey can practically claim squatter's rights on the special Derby winner's circle at Churchill Downs...