Word: kovacevich
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Dates: during 1973-1973
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...mortgage 75% of his equity to stay in business." But the farmer does not forget. Living with precarious weather and price cycles, he develops a certain resignation. He complains in bad years, yet is too insecure to do much boasting in good ones. Says John J. Kovacevich, a California fruit farmer: "Farming is a bigger gamble than Las Vegas...