Word: wheated
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...there is too much winter in some sections of the country, there is, strangely enough, too little elsewhere. With far less snowfall than usual, the West is suffering from a prolonged drought. A shortage of water is imperiling winter wheat and other crops; fears are growing that hydroelectric power will decrease in the spring. Water is already being rationed in parts of California (see following story). In Oregon, forest fires have broken out. "Some say the world will end in fire," wrote Robert Frost, "some say in ice." Last week Americans had their choice of disasters. If that...
...prosperity trickles down to them before they can afford to buy much of it. For the first time since it won independence from Britain three decades ago, India last year made no new deals for imported foodstuffs. A record harvest of 118 million metric tons of food grains -mainly wheat and rice-has overflowed government granaries and is piled in the fields in polyethylene bags...
...into the soil, freezing his water line for the first time since it was installed at the turn of the century. His silage pile was unusable, frozen rock-solid; he was forced to feed his cattle scarce hay. Following an extended drought, the freeze endangered the winter wheat crop throughout the Midwest...
...Carter will do to cushion wide fluctuations in the prices for their crops, some farmers are holding off on purchases of expensive equipment. Others anticipate a consumer rebellion over higher prices and are already explaining on TV that a loaf of bread contains only 3? to 4? worth of wheat. Still, there is an underlying confidence, which is demonstrated by the seller's market for prime agricultural land. In a year the price has risen by 28%, to $2,000 an acre, outside Cedar Rapids, Iowa, and by 45%, to $4,000 an acre, near Peoria...
...increase in steel-mill products drives up the Wholesale Price Index in the following month by only one-tenth of a percentage point. Otto Eckstein, a member of TIME's Board of Economists, believes increases in the wages of public employees, energy prices, "maybe even the Russian wheat sale" are more inflationary than steel boosts...