Word: midwestern
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Dates: during 1980-1989
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...many farmers are not getting by. Foreign markets are disappearing, land values are tumbling, banks are hesitant to extend loans. The auctioneer's hammer is falling on land and buildings held for generations by the same farm families; white crosses are appearing in Midwestern courthouse squares to commemorate the growers forced out of business. And in Washington the Government is absorbed in a fierce debate about federal assistance to farmers. The issue: do most programs any longer make sense or, as the Reagan Administration contends, have they become an unjustifiable burden on taxpayers while serving to undermine the economic security...
...establishment probably have the clout to forestall any move. The newly merged Presbyterian Church (U.S.A.) will decide next year where to locate denominational headquarters, and some believe the majority will be against New York. Three Lutheran branches are also merging, and in September a committee will probably recommend a midwestern city for the new headquarters...
...with virtually everyone else. Their exports were then hurt by the strong dollar and stiff competition from growers in such places as Canada, Europe and Argentina. By 1983 U.S. agricultural sales abroad had tumbled, and land values, which serve as collateral for loans, were dropping fast. The price of Midwestern acreage fell 15% last year and is expected to decline an additional 8% this year. Notes George Irwin, chief economist for the Farm Credit Administration: "The security supporting farmers' loans is disappearing at the same time as the income to repay those loans...
...overlooking a brick alley near Chicago's downtown Loop. That was before the alley was stolen. "Every three nights or so, somebody would take about 50 bricks," says Smith. "It stopped only when the city paved it over." Each day bricks from abandoned buildings and old alleys in Midwestern cities are pilfered, sold and shipped out of town on boxcars. Ultimately they end up in Sunbelt states, where there is great demand for used brick. "They're advertising homes built with Chicago brick," says John Dean, of Chicago's department of inspectional services. "We are watching...
Another heavy-equipment maker, Caterpillar Tractor, announced last week that it may move some of its production from plants in Illinois and Iowa to factories in Western Europe. The step could mean the loss of even more Midwestern jobs...