Word: wheated
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...sounds like a rural version of the coals-to-Newcastle bit: giving farmers wheat, corn, rice and cotton. In fact, the payment-in-kind (PIK) plan unveiled last week by Agriculture Secretary John Block is an intriguing idea that just might reduce bulging Government stockpiles and prop up depressed farm income...
These sales might further depress already low farm prices, but Block thinks the effect would be minor. The reason: if a farmer let land lie fallow on which he could grow, say, ten bushels of wheat, the Government would give him only eight bushels (though exact ratios are not settled). Thus the total reaching the market would be reduced. Farm income would be bolstered because farmers could sell crops without the expense of growing them...
...farmers broke alltime records this fall for corn, wheat and soybeans, harvesting more than 13 billion bu. of the three crops combined. They grew another 1.94 billion bu. of oats, barley and grain sorghum. But elevators, silos and bins are already swelling with a 4.39 billion-bu. carryover from last year's bumper crop. Although new storage facilities are being built at a record rate, they will not be enough to hold this year's harvest. Empty barges and railroad hoppers, airplane hangars, even high school football fields and city streets are being pressed into service as makeshift...
...cheaper poultry and other substitutes. What is hurting U.S. farmers most, however, is a drop in overseas sales, which in the past decade have become vitally important. Foreign buyers now take one-third of all U.S.-grown corn, one-half of its soybeans and two-thirds of its wheat. But demand is lagging in the face of the worldwide recession, stiffer competition from other countries and the strong dollar, which makes American-produced goods more expensive and the crops from Canada and Argentina more appetizing. As a result, U.S. exports have fallen for the first time since 1969. Corn sales...
...there is good news for the calorie-conscious. For them, Heatter proposes a fruit survival cake and a whole-wheat yogurt date-nut gingerbread from Central Europe. One minor coup is the secret of the nut crescents for which the Austrian embassy in Washington, D.C., is renowned. Other fairly easy to make entries include Novelist Marjorie Kinnan Rawlings' chocolate cookies, chocolate pepper pretzels, Joe froggers cookies (named for the inhabitants of a Marblehead, Mass., frog pond) and an inviting array of souffles and mousses, notably a sour lime mousse with strawberries. Frozen desserts vary from San Francisco ice-cream...