Word: targets
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Dates: during 1980-1989
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...many farmers will be largely protected from financial losses in 1981, as they have been since the Dust Bowl disasters of the 1930s, by an enormously expensive array of federal subsidy and price-stabilization programs. Since wheat prices this year have already fallen 21? below the "target price" of $3.81 per bu., farmers can expect some $350 million in "deficiency payments"-literally, Government handouts-to make up the difference. In addition, more than 1 billion bu. of grain are expected to end up in farmer-owned reserves by the end of the year under a program that will lend farmers...
...quadrennial farm programs, representing Government intervention in the marketplace in the extreme, are the antithesis of Reaganomics. They also tend to produce budget-busting expenditures. So President Reagan proposed a farm bill that would abolish target prices completely, lower dairy price supports and eliminate acreage allotments for peanuts. Explained Block: "Farmers should look to the free market for their income, not to the Government." Even so, the bill was expected to cost $10 billion over five years...
Sugar and tobacco interests fared better. After three years of doing fine without Government subsidy, sugar will now be supported at 180 per Ib. for no good reason other than the clout that sugar interests wield. But the Senate did cut back on the increase in grain target prices recommended by the agriculture committee and farm lobbyists. The committee bill would provide subsidies when wheat prices fall below $4.10 per bu. The full Senate lowered that target...
...news cheered fundraisers, who promptly announced they would continue to solicit funds until the October 1984 completion date even if the original goal had been surpassed. On Boylston St., mean-while, a last-minute bulge in contributions pushed the K-school's fund drive over its $6 million preliminary target with only days to spare. The money--much of which came from a single anonymous donor--will fund an addition to the school, extending either up Boylston or Eliot streets...
...weeks earlier, in marked contrast, Yale President A. Bartlett Giamatti welcomed his new students with a speech denouncing the Moral Majority as a threat to pluralism. Though his target was safe--it is easy to blast Jerry Falwell six months after his peak--the press coverage of Giamatti's address was a reminder of the power of the name of Yale, and presumably, therefore, the name of Harvard. It was refreshing for once to see the power of that name put to such use, but it was even more refreshing to see the president of a prestigious university speaking...