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...sheds crocodile tears like a U.S. farmer. He is either crying about too much rain-or not enough. And he cries again when the harvest is so bountiful that it depresses the prices he gets. But when he examined his ledger over the winter, he usually had something to smile about: annual farm income often rose, and the value of land and machinery soared. No more. The tears flooding rural America this spring are genuine. Caught in a cashflow crunch, farmers are facing their bleakest year since the Depression...

Author: /time Magazine | Title: Hard Times in the Heartland | 4/12/1982 | See Source »

...business that depends heavily on credit (a typical Kansas wheat farmer borrows about $75,000 a year just to plant and fertilize his crop), the combination of declining income and high interest rates is pushing countless farmers toward bankruptcy. Total farm debt has sharply risen (see chart); it now is about 13 times as high as this year's projected total income. Where farmers normally estimated their annual interest expense at about 11 % of their costs, they now have to set aside more than 20%. Some big operators with expensive equipment are paying as much...

Author: /time Magazine | Title: Hard Times in the Heartland | 4/12/1982 | See Source »

Ronald Reagan was wearing a dark blue suit with a white handkerchief deftly planted in his breast pocket-the standard uniform of many a presidential tour. But he was also wearing a pair of rubber rain boots, hastily borrowed from a local farmer named Greg Miller. The occasion: a quick stop in Fort Wayne, Ind., where for a few minutes last week the President joined a crew of flood-control workers in passing sandbags to be stacked along the muddy banks of the swollen St. Mary's River...

Author: /time Magazine | Title: Stumping in South Succotash | 3/29/1982 | See Source »

...today than they did a year ago. Nor will Kahn's profile win awards for methodology. Not one of the dozen or so "typical" Americans was quoted, say, while shuffling along an unemployment line. And some readers may quarrel with the Panglossian assessment of the California raisin farmer who beams: "We're bound to end up way ahead of where we were before...

Author: /time Magazine | Title: Annual Surprise | 3/29/1982 | See Source »

...escape and, above all, the example of their father (played by the great French octogenarian, Charles Vanel). The old man exemplifies not just a different "life-style" but an entirely different, and doubtless doomed, way of being. Slowed, but not bowed, by age and grief, he is a farmer whose rhythms have been set by the wheel of the sun, the turn of the earth, a man who patiently accepts death as part of life's cycle and pays no heed whatever to the transitory cries of the far-off city streets...

Author: /time Magazine | Title: Cinema: Affirmations | 3/15/1982 | See Source »

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