Word: ib
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...large livestock. A good animal can be bought for $40. In summer they help keep mowing costs down. Regularly bred ewes add one or two lambs a year, which can be either sold for meat or used to increase the flock. The shepherd can expect to obtain about 10 Ibs. of fleece per sheep a year, which can either be spun or sold for an average price of $1 per Ib...
These entrepreneurs are already supported by an amendment to last year's farm bill, which was designed to raise U.S. prices of sugar to 13.5¢ per Ib. But that has not been enough for the growers, who contend that they cannot make a profit at that price. So last week the House wound up subcommittee public hearings on a bill that would use import quotas and fees to set a floor price for sugar of 17¢ per Ib. The same bill has been put forward in the Senate by Idaho Democrat Frank Church, and it has 34 cosponsors...
President Carter has threatened to veto the bill if it passes, but instead of fighting any price fixing, he has come forward with a halfway measure. It would pay subsidies to farmers and, in effect, boost sugar prices to 14.4¢ per Ib. This proposal would cost the public an extra $120 million in direct payments, plus possibly millions more to underwrite federal support if sugar prices fail to rise high enough to enable farmers to redeem their Government loans. The Administration proposal has so little support on Capitol Hill that no Congressman has agreed to sponsor it. Because...
...growers say that they cannot survive in a market that is about as quiet, orderly and predictable as a sailors' bar on Saturday night. Crop failures sent world prices soaring to 65¢¢ per Ib. in 1974, and overproduction has made them plunge to about 8¢. Late last year the Administration signed the International Sugar Agreement, which would use buffer stocks and export restraints to keep prices between 15¢ and 19¢ per Ib. But the ISA deal must be ratified by the Senate; and Church, who represents a big beet-grower constituency, has kept the agreement bottled...
...gather in some dollars. Each week Dairy land Wholesale, an ice cream producer in Helena, Mont., loads up a truck with 7,200 Popsicles, Fudgesicles and various kinds of ice cream, and has the whole thing flown to Bahrain, in the Persian Gulf. The air freight is $1 per Ib. (about 20? per Popsicle) and the goodies sell for about 30? apiece in Bahrain. "This is an experiment to see how it works out," says the manager of the plant. The Arabs' reaction so far, however, has been less than enthusiastic...