Word: wheatly
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Dates: during 1950-1959
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...between the lines. In public, Nasser insisted to a group of visiting U.S. editors that both the Suez and Aqaba waterways are in Egyptian territory. The U.S., he said, "is aiming to starve us out, while the Soviet Union is aiming to help us'' with shipments of wheat. "We like to be friendly to the U.S.," but "we will not surrender to American pressure...
...across the sky in dismal yellows. But things were not quite so grim as they looked. In Emporia, Farmer Robert George, 50-year-old bachelor, was teased by his kin for getting married, they said, on "Government rent." Ex-servicemen heading for the state V.F.W. convention joked about the wheat crop they had "already harvested." Some vacation-minded farmers counted their "Florida money." One and all, they were talking about the payments they get from the U.S. Department of Agriculture's soil bank for taking land out of surplus crops...
Though this federal program, plus the drought, has helped to cut the state's wheat acreage in half (present crop: 6,700,000 acres), it has also speeded up a three-year rise in farmland values, and given smart operators a new way to make money. In Morris County (county seat: Council Grove), Lawyer Marlin Brown and a partner got 5½% insurance-company loans to buy eight farms, 1,500 acres, for an average $62.50 an acre. They plan to farm only the best 200 acres, but can put 771 of the poorer acres into the soil bank...
...foreign-exchange credits frozen by the West (including $50 million worth sequestered by the U.S., $420 million by Britain), Nasser has become increasingly dependent on the Russians in his desperate efforts to shore up the economy. The Communists have supplied him with shiploads of wheat, sold him tankersful of oil to replace the wells seized by Israel in Sinai. More and more Russians and satellite Communists are seen in Cairo nightclubs. Worse still, Nasser's own movement is infected with fellow travelers, though Nasser seems unaware...
...incomes than in 1956. Buttressing his opinion were some hopeful facts. Hog and cattle prices are better than last year; the broiler industry appears to be overcoming a surplus problem, and dairymen are producing and selling more than last year. The Government's price-depressing hoard of surplus wheat, cotton and corn is slowly being whittled away. And this year farmers are eligible for $1.2 billion in soil-bank payments...