Word: graining
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Dates: during 1980-1989
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...unfortunate that the point was not raised earlier this summer, before the United States enraged its allies, particularly Australia, through a surprising wheat deal with the Soviets, in which billions of dollars worth of American grain were dumped on the Soviet market below cost...
Since 1980, farmers have struggled against shrinking markets, debts, tumbling land values and overproduction. Farmers in the Southeast have been robbed of their thin cash flow by capricious weather. Elsewhere, America's gigantic agricultural machine heaps up more grain and fiber than the world can digest. U.S. taxpayers foot the bill...
...king in the U.S., a $25 billion business that occupies one-quarter of the nation's cropland. This year's crop will be 8.3 billion bu., the second highest in history. In the corn country, half of a farmer's income is from Government payments for his unneeded grain...
...health problems, none of which were very expensive, three or four really bad drought years that really set us back, perhaps some bad business decisions and maybe some management weakness. Actually we were not in bad shape until the years with the terrible interest rates and the grain embargo -- it seems in retrospect that was the real beginning of a long, painful decline to this sorry state of affairs...
...trouble has been building since the 1930s in the U.S. and the 1960s in Western Europe. But the effects were muffled during the 1970s by a worldwide boom in exports. The Soviet Union began introducing more meat into its citizens' diets and imported grain on a huge scale for animals to eat. Oil- price increases piled money into international banks; the bankers lent the cash to Third World nations, which then went on a food-buying spree. Farmers everywhere pushed production still higher to cash in on the new prosperity. Western Europe, for example, went from being a net importer...