Word: grains
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Dates: during 1960-1969
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Through Government-subsidized production controls and giveaways to friendly but needy foreign countries, the U.S.'s once-mountainous grain surplus has dwindled to a point below what is needed as a strategic reserve; as one result, domestic wheat prices are up 20% since May. Livestock prices stand at a 14-year high. Because meat is so profitable, many dairymen have decided to slaughter their cows instead of milk them; the 14.6 million dairy cows in the U.S. today represent the fewest since 1900. That in itself has created a new shortage-which at least partly explains the increase...
...intends to fight it to the death in the Senate. Even many Northern liberals confess that they are disturbed by the idea of depriving a man of the right to sell his property to anyone he likes. It is an idea that appears to go against the American grain; but the fact is that the concept of unassailable property rights has little support in law or custom...
...measures, which call for a complete standstill in prices, wages and dividends for six months, followed by another six-month period of "great restraint." An unflappable administrator, Stewart is expected to handle the economic czardom with more zeal than Brown could have mustered for measures that go against his grain. He will also get along better with Chancellor of the Exchequer James Callaghan, who frequently clashed with Brown on economic policy...
...glut has disappeared that now the nation must try to expand farm output after 33 years of curbing it. Twice this year, Washington has increased its price supports for dairy products, and it is now asking farmers to plant 10% more rice, 15% more wheat. For lack of grain to store, Cargill, Inc. last month closed its largest elevator in Buffalo. With India consuming a quarter of the U.S. wheat crop this year, as against a fifth last year and an eighth five years ago, U.S. wheat stocks now stand at a 14-year low of just over 15 million...
...some 5 in. long. University of Wales archaeologists conducting the dig found new ramparts within the older pre-Roman walls. Farther up the hillside they also found postholes 1 ft. in diameter-unusually large for the time-that may indicate the site of Arthur's mead hall, plus grain-storage pits and burnt remains from another timber structure...