Word: wheats
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Dates: during 1950-1959
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Melliyun-I-Iran, a clandestine nationalist gang plotting with German secret agents to foment revolt against the Allied occupiers. On the side, Zahedi was making a tidy profit by commandeering the region's wheat stocks and holding on until starving Iranians forked over a top price...
...reasons for voting yes were basically the same: a yes vote meant a support price of $2.20 a bushel with quotas; a no vote meant $1.20 without them. In Washington, Ind., where Daviess County farmers marked ballots in the stone courthouse, windburned Norman Lawyer (who has 136 acres of wheat) asked a basic question: "Why should any farmer vote to cut the wheat price support in half?" Said Tom Graham, who plants 600 acres of wheat on his 3,000-acre farm north of Washington: "If wheat price supports fell to 50% it would hurt not only the farmer...
...slip early last year, the farmer began to fear that his newly found standard of living was slipping away too An understanding of the farmer's attitude was reflected in what Secretary of Agriculture Ezra Taft Benson, a bitter foe of regimentation, had to say about the wheat vote: "Farmers have made a wise decision-a decision in their own best interests...
...Chicago's noisy wheat pit last week, nervous traders began a deluge of selling in wheat futures. As U.S. farmers got ready to vote on wheat marketing quotas, the traders were hedging the possibility that controls would be voted down, thus automatically cutting Government price supports for wheat nearly in half. In the hectic trading, September futures fell to $1.75 a bu., the lowest price in six years and 60? below the price a year ago. The fears about the voting were unjustified (see NATIONAL AFFAIRS, and September futures soon rebounded to $1.88 as flour mills made big buys...
This year's total crop production, the Agriculture Department estimated last week, will be second only to 1948's record. And this is being added to growing surpluses piled up from previous years. One reason for the wheat pile-up is the slump in exports, down 94 million bu. (or about 37%) in 1953's first half. Corn, the nation's biggest crop, is also heading for a glut. By October, stocks are expected to reach 4.1 billion bu., largest in U.S. history. Acreage allotments for corn are inescapable...