Word: soybeans
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...them are in serious trouble. In the first ten months of the current fiscal year, there were nearly 7,000 farm failures. Even many secure and usually prosperous farmers are feeling the pinch. "You've heard farmers bitching all your life," says Chappel Sides, 53, a cotton, soybean and peanut farmer near Coffeeville, Miss. "But when an above-average farmer makes an above-average crop and loses a pile of money, you know something's wrong. We're just right on the verge of a sure-enough tragedy...
...watched sales droop 15%. Says Vernon Waterman of the farm-implement business he runs with his wife Margaret: "I'm surviving on service, but losing money every day. I'm barely in business, and it won't get any better until corn and soybean prices get better...
America's 2.4 million farmers are squeezed between rising costs and falling prices. In part, they are the victims of their own remarkable productivity. Last year they turned out record crops of corn (8.2 billion bu.) and wheat (2.8 billion bu.). The 2 billion-bu. soybean harvest was exceeded only in 1979. Oats, barley and grain sorghum also had near record yields, making 1981 probably the most productive year in U.S. farm history. Unfortunately, all that abundance knocked the bottom out of prices. Corn, the nation's biggest cash crop, dropped from $3.60 per bu. in the Chicago...
...matter what it costs we have to buy out to heat the buildings Jewett said "We have to but found you can only serve to many soybean hamburgers
...past three or four years. Cats are also becoming a factor in the American economy. Owners will shell out $1.4 billion for 1 million tons of cat food that carry such whisker-licking names as Meow Mix and Tender Vittles. These processed delights consist largely of soybean, corn and wheat. One hundred eighty-nine million dollars' worth of cat-box filler will inevitably follow. Revenues to veterinarians, animal psychologists, pet shops and grooming parlors will add even more millions. All of this must be added to the initial cost of buying the beast...