Word: soybeans
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Latest on the hit parade of new food items is "tofu." You have undoubtedly seen it and wondered what it was on the salad bar. Tofu bears a striking resemblance to white bouillon cubes; in actuality, said Raven, it is ancient Oriental dish, high in protein, made from soybean curd...
...world?has more than doubled the price of U.S. farm land since 1972, to an average $490 an acre last February; prime Midwestern corn and soybean land sells for $2,000 an acre. A tractor that sold for $16,000 in 1974 may cost almost twice as much now; it would have a few new features, but be no more powerful. The result is that farmers have been forced into financing decisions as intricate as those facing corporate treasurers. Borrowing money at interest rates of up to 12% to buy or rent additional land and invest in machinery can improve...
...result: instead of selling all their crops at harvest time, as they did for centuries (indeed, millenniums), farmers now spread sales all through the year. That forces them to face tricky questions: Will wheat or corn or soybean prices be higher next March than now, and if so will they be enough higher to justify storing 80% of the crop until then, or only 60% of it? To complicate matters further, a farmer can work out deals to sell part of his crop in October, say, but get the cash next January if that would be better for tax purposes...
...Amid the soybean and corn fields of Minnesota, an intellectual businessman (magna cum laude, Amherst '51) is pondering how the U.S. can do well by doing good with its agricultural technology. Thomas Wyman is the 6-ft. 3-in. president of Green Giant Co., and since he took over in 1975, he has aimed at revitalizing that famous but slow growing processor of vegetables; this year its sales will approach $500 million. An outspoken executive, he often rebukes business for high-polluting plants, unsafe products, underfunded pensions, and overseas bribes. Despite such visible failings, he argues, there...
...determining the clotting ability of a patient's blood and of helping to diagnose various diseases. Later research led to new tests for hemophilia. Working at the Medical College of Wisconsin in Milwaukee, he recently identified a new vitamin, appropriately named vitamin Q, which is found in soybean extract and which plays a part in the body's control of bleeding...