Word: troyer
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Dates: during 1970-1979
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...vote "wasn't too much of an inconvenience," Steven A. Troyer '77, a Quincy resident, said last night...
...John Troyer, owner of a grain elevator in southern Illinois, is slowly going broke. Every day, interest on the $550,000 loan he took out last November to purchase 300,000 bu. of corn is mounting, eating away at his 4½?-per-bu. margin of profit. The grain has already been sold, but Troyer will not be paid until it is delivered-and there is no way to get it delivered. Railroads have promised him 87 covered hopper cars to ship the corn, but the cars have not shown...
...Troyer is only one of thousands of farmers and elevator owners caught in the great rail tie-up of 1973. In Illinois alone, the state's agriculture department estimates, farmers have had 300 million bushels of last year's grain harvest ready for shipment for months, but cannot move it to market. There is a demand for some 12,000 grain rail cars, but only 5,000 are currently available...
...desperation, some elevator owners, like Troyer, have been forced to ship grain by truck, though that method is so expensive that it eliminates all chance of making a profit on their investments. Ultimately, says Robert...