Word: grained
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...farmers broke alltime records this fall for corn, wheat and soybeans, harvesting more than 13 billion bu. of the three crops combined. They grew another 1.94 billion bu. of oats, barley and grain sorghum. But elevators, silos and bins are already swelling with a 4.39 billion-bu. carryover from last year's bumper crop. Although new storage facilities are being built at a record rate, they will not be enough to hold this year's harvest. Empty barges and railroad hoppers, airplane hangars, even high school football fields and city streets are being pressed into service as makeshift...
...drop in the past 15 months. The DOA, which regularly reports on the buying power of the farmers' prices, now says that it is the lowest since March 1933, during the very worst of the Depression. Rather than sell at such low rates, farmers are putting up their grain in the hope that they will be paid more for it later. That strategy seems doomed, however, because experts now predict that prices will remain low for another two years...
...grain is piling up not only because farmers are so productive but also because of changes in eating habits. In the U.S., cattle and hog producers are buying less feed grain because the recession has reduced meat sales and consumers are switching to cheaper poultry and other substitutes. What is hurting U.S. farmers most, however, is a drop in overseas sales, which in the past decade have become vitally important. Foreign buyers now take one-third of all U.S.-grown corn, one-half of its soybeans and two-thirds of its wheat. But demand is lagging in the face...
Last week the Government disappointed farmers when it raised its estimate of the Soviet Union's grain harvest by 6%. Once the biggest customer for U.S. grain, the Soviet Union has been shopping elsewhere since the 1980 partial grain embargo. Last year the Soviets bought only about 60% of the 23 million tons of U.S. grain that the Government offered to sell them, and their purchases are expected to be lower this year. At a meeting with American officials in Vienna last month, the Soviet Union's chief negotiator, Boris Gordeyev, refused to commit to any new grain...
...billion "blended credit" program, in which interest-free Government credits are combined with Government-guaranteed credits from private banks to lower the financing costs for foreign buyers of agricultural commodities. An additional $1 billion in loan guarantees has been provided to Mexico, which is a big buyer of grain but has run into financial problems because of the slump in oil prices. Other agricultural payments and loans have also been boosted. During fiscal 1982, U.S. farmers received $12 billion in price supports, three times as much as in 1981. The U.S. also pays a portion of the storage costs...