Word: marketeers
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Dates: during 1960-1969
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...years the six Common Market partners discussed the problem of opening their frontiers to one another's agricultural produce. Because powerful farmers' associations in each country had to be considered and appeased, the resulting agreements apparently proved too rigid to cope with bumper crops everywhere. The accords forbid selling surplus produce within the market and call, instead, for destruction of perishable crops when prices sink to a fixed minimum level. The purpose was to protect the farmer by assuring him a reasonable income...
...refused "on moral grounds" to be party to the destruction of fruit. Government authorities are now weighing the possibility of distilling the excess fruit into schnapps. Germany's Butterberg problem is even more serious. Nearly 30% of the profits of German farming comes from milk products. Common Market regulations allow the government to support the price of butter at the 75-cents-a-pound level. This means in effect that the dairy must buy all the milk a farmer delivers, then pass on the surplus butter to the government stockpile at the minimum price. Such assurances have made...
...entering into an era of general overproduction." There has been conversation about giving away food surpluses to needy countries. Still, all this has been more talk than action. Meanwhile, the problem of agricultural surpluses is one of the main subjects to be discussed at a Common Market meeting next month...
Looking back, Townsend says: "Chrysler had it all. It had the plants, the engineering, the money, the dealers, everything. But it all had to be put together." Chrysler's constantly improving slice of the U.S. auto market shows how well Townsend has put it together. The company's share of the market went up from 10.3% in 1962 to 18.4% during the first seven months of 1968. Profits soared from a meager $11 million on $2.1 billion sales in 1961 to last year's $200 million on $6.2 billion sales. That trend continued during the first half...
...their money in a single year, can go for so-called "feeder contracts." For a down payment of $50,000 or so, Oppenheimer will handle the financing and feeding of a 500-head herd until the cattle reach proper weight and grade. The herd must then go to market, whether volatile beef prices are on the rise (which means win) or too low to cover costs (which means lose...