Word: marketed
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Dates: during 1970-1979
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...loan rate is a Government-set floor price for grains, used by farmers when they borrow money with their crops as collateral. The proposals do not change the loan rate for wheat (currently $2.25 a bu.). Instead, the Administration increased the "target price" from $2.47 to $3. When market prices fall below the target, Washington will pay out the difference between the loan rate and the target figure-that is 75? per bu. Total cost of the program: $4.4 billion, or so the Administration estimates. Some skeptics claim that the cost will be more like $8 billion or $9 billion...
Carter's relief plan is being accepted by farmers-if only because it offers a safety net. Instinctively, many farmers prefer the vagaries of the free market to even a hint of intervention by Big Government: in this case, however, most recognize that they have come close to being overwhelmed. Ed Burds, 44, owner of a 373-acre spread near Peosta, Iowa, says of the Administration plan: "I don't like it, but that's what we'll have to do. We'd sooner go all out and produce, but we can't when...
Other critics would have preferred that Carter and Bergland concentrated more on export sales. Says Harold Steele of the Illinois Farm Bureau: "This year there was the same amount of wheat on the world market as last year. But our exports dropped to 900 million bu. from over 1.2 billion. The U.S. wheat producer has a less significant share of the market than he had previously...
...boom is accompanied by a virulent inflation that is upsetting the American way of housing and pricing many people out of the market. Those who are still in it find that they have to pay more money than they had ever thought they would, and then go up to their eaves in debt. In some pleasant but by no means luxurious residential areas of the Northeast, Midwest and West, even $50,000 to $60,000 houses are almost nonexistent, while dwellings of $75,000 to $85,000?and up?are standard. The prices for new houses in June averaged...
...come from: $20,000 or $30,000 more for the same thing. And the real estate taxes are four times what they are in the Dayton area." Demand is so hectic that Phillips had to move fast: the 19-year-old house that he chose was on the market all of 30 hours before he agreed to buy it for $68,500. It has three bedrooms and two baths but only a one-car garage; his house in Dayton has the same number of rooms but is bigger, newer and has a two-car garage. Phillips also had to sweat...