Word: wheated
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...great triumphs of modern agriculture is the Green Revolution: the development of lush new strains of wheat, rice and other cereals that have made the difference between starvation and survival for millions of people. Yet a drawback to the new high-yield plants is that they require large quantities of expensive nitrogen-rich fertilizers that drain into ponds and lakes. There, the fertilizers cause explosive growth of algae and make the water unfit for drinking and other uses...
...overcome their country's backwardness and to open up the rich petroleum and other mineral deposits in Siberia. Russia has an even more basic reason for turning westward: food. Because of frost damage in the Ukraine and other areas, the U.S.S.R. expects an exceptionally poor harvest of winter wheat this year. It needs the pending wheat sales from the U.S., the largest since the cold war began, to help feed its people during the next year...
Peanuts and Corn. Basically, the Government tries to restrict production by paying farmers to reduce the amount of land that they cultivate. It also seeks to prop up the market for crops like wheat, corn, rice and peanuts by guaranteeing a minimum price. Farmers can collect money for taking land out of production, then increase the yield on the acreage they do use, and collect at least the support price on all that they raise. A study last year by former Budget Director, Charles Schultze, estimated that consumers pay an extra $4.5 billion a year for food because of price...
Butz later predicted that the Soviets might buy as much as $200 million worth of American wheat and feed grains every year for the next decade. That puffy prediction was bound to please American farmers-but how would the Russians raise the money? Butz suggested to Brezhnev that the Soviet Union might consider paying for the grains by exporting its surplus of Siberian natural gas to the U.S. It was, of course, too early to agree on a deal that would cost at least $5 billion for plants, pipelines and ships, with most of the cost borne by the Russians...
...transplanted American versed in the babel of the Chicago commodity exchange, a merchant prince in wheat. Black Thursday reduced him to a bankrupt husk...