Word: livestock
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Until last year, the only way to leave the reserve was through a contract with the South-West African Labor Association (SWANLA). SWANLA classified each man according to physical fitness for a) mines and industries, b) agriculture and c) livestock breeding. Men were then shipped, on order, to workers' compounds hundreds of miles from the reserves where their families were forced to remain...
Hardest hit is Mali, a landlocked country where livestock are considered more precious than money. There, at least 1,000,000 of the nation's estimated 5,000,000 cattle have perished in the worst drought in memory...
...been in revolt against the Republicans a year earlier because of a sag in commodity prices, voted overwhelmingly for Nixon. But the victory was scarcely celebrated before prices took off. It was not all Nixon's doing. A corn blight had reduced the supply of feed for livestock. By coincidence, the complex cycles for raising cattle and hogs also reached their low points simultaneously. At this rather inopportune time, the U.S. economy started booming, and demand for meat picked up. On top of that, a bad crop in the Soviet Union caused Moscow to turn...
...Abolish parity. Probably no concept in modern government is more meaningless than parity, which is the relationship between the price that farmers collect for their crops and livestock, and what they pay for the goods and services that they use. Parity harks back to Washington's Depression-era effort to raise farm prices to their level in 1910-14, which farmers then remembered as "good times." The optimum parity is 100, the theoretical level that prevailed in pre-World War I days. Today, parity is running at a relatively high mark of 80. Considering that farm productivity has changed...
...usually estimated at more than $20 million, including land, cattle, airplanes, banks and radio stations). But mostly he devoted himself to his 330-acre ranch, occasionally helping to lay pipe in the middle of the shallow Pedernales and gradually building up his cattle herds through shrewd trading at local livestock auctions. He would come home at ten in the evening, tired and dung-booted, to tell his guests about the price of beef and about egg production problems. "He's become a goddam farmer," an old friend complained. "I want to talk Democratic politics. He talks only hog prices...