Word: graining
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Dates: during 1980-1989
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...dead center in the biggest and most cantankerous drought North America has had in 50 years, stretching from California to Georgia, from the Canadian prairies to the Texas plains, withering, parching and shrinking land, crops, rivers, lakes, animals and people. Federal emergencies have been declared in 30 states. Grain farmers in the upper Midwest may lose nearly three-quarters of their crops. There is more trouble to come if the rains don't. On Friday dark storm clouds scudded across the skies over parts of Iowa, Wisconsin and Minnesota, but the squalls soon gave way to the familiar empty, mocking...
...forecast is devastating for farmers who were just recovering from a decade of low prices and high interest rates. Silos full of surplus grain from past harvests will protect grocery shoppers from noticing much more than a modest increase in most food prices. With thousands of undernourished cattle and hogs being driven to the slaughterhouse, meat prices may even go down. But trading in the commodity pits of Chicago has been frantic, a new pot of gold for plungers who bet on feast or famine. This cursed drought has brought them a bonanza. Soybeans, for instance, are now selling...
...lower Mississippi River, which is supposed to run full and fat with spring water, is wan and puny, coughing up sandbars that have blocked as many as 130 towboats and 3,000 giant river barges filled with paper, grain and chemicals headed for market. Around Greenville and Vicksburg, Miss., the Army engineers have had to dredge an emergency channel in the shrinking river to & unclog the bizarre traffic jam. At Memphis low water levels broke all the records that had been put down on the books going back to 1872. But where somebody is losing a buck, there is always...
...seasons and years, is already calculating 1989. He got one scraggly hay crop this spring and has some carry-over bales from last year for his 75 Herefords and Black Angus cattle. With careful planning, that can get him into next year. But then without new hay and grain his future looks bleak...
...program to sell foodstocks abroad and take millions of acres out of production was at last paying off. Wheat surpluses had dwindled by 35% in the past two years, and exports were up 75%. So far, Clayton Yeutter, the U.S. trade representative, is resisting the cries to stop selling grain overseas and preserve it for American markets. But if grain sales abroad must be halted, the frustrated overseas customers may be doubly hard to woo back when the granaries again bulge with surpluses -- as they will. When that day comes, farmers will complain and taxpayers will moan. And that...