Word: growers
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Consider the case of Garth Conlan, a vegetable and strawberry grower in Castroville, Calif., who walked into a Wells Fargo branch in 1981 to borrow $3 million. The bankers, eager for business, approved the loan in 48 hours, Conlan's attorneys say. Yet two years later, when Wells Fargo decided that losses from Conlan's 1,505-acre farm exceeded the limit in the loan contract, the bank refused to lend him more money and grabbed $120,000 from another of his accounts to pay off the debt. Those moves forced him into bankruptcy, his attorneys say. So the farmer...
Turned sweet and bright red by unusually warm spring weather, Oregon's strawberries ripened early this year into a bounteous crop of some 80 million lbs. But last week Roy Malensky, a grower in Hillsboro, Ore., who supplies berries for such products as Breyers Ice Cream and Dannon Yogurt, stood in his giant strawberry patch and mourned row upon row of darkened, spoiled fruit. His expected loss: $100,000. To the north, meanwhile, Richard Cowin, a black- cherry grower in Wapato, Wash., watched downheartedly as his crop began to shrivel...
...market of more small investors, who tend to leave their money in one place longer than portfolio managers do. Individuals by the millions have been switching to stocks and mutual funds because of their growing dissatisfaction with the shrinking returns on money-market accounts. Richard Bonner, a flower grower in Fallbrook, Calif., near San Diego, happened to boost his stake in the market just one day before the 100-point surge began. He then watched in delight last week as his $150,000 portfolio blossomed by an additional $6,000 in just a week. Said he: "I think the market...
...Grower's Market on Memorial Drive offers thousands of live Christmas trees, a Christmas shop with ornaments and artificial trees, and a menagerie of Christmas animals including a donkey, two deer, goats, two geese, and roosters...
...crisis has forced a measure of reform. A limited free-market system is now in place, permitting farmers and fishermen to sell off surplus food for profit. As a result, one industrious vegetable grower in the North earns five times as much as her office-worker son in Hanoi. In 1983 Viet Nam managed to feed itself for the first time in years. Though owning pigs is illegal in Hanoi, many of the capital's residents raise swine with loving care; a single butchered porker can bring in as much as a well-paid salaried worker earns in a year...