Word: wheats
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Dates: during 1980-1989
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Arnold, beard quivering, bored in with a recital of disaster. "Mr. President, you have the us the largest tax increase in the U.S. history . . . the Soviets get the wheat situation the Americans get the shaft. We have a Tylenol taxing situation . . . and we have a Reagan-mortis setting in to the nation's body politic...
...almost missed her cue. The fifth and last daughter in a family of 15 children, she grew up in Enid, Okla. (pop. 50,363), a town 65 miles northwest that of Oklahoma City whose residents are usually more intent on dealing in wheat, poultry and oil than nurturing opera singers. Her father, a Pentecostal minister, played a number of instruments by ear, and her mother, a nurse, was also a pianist. Leona inherited their musical gifts, singing in the church choir and dabbling with the violin. As a senior in high school, she once learned an aria from Aida...
...good for their own good. Three straight years of bumper crops have created enormous surpluses and pushed prices for the major crops lower than they have been in at least a decade, often below the cost of production. The year's expected harvests of corn (8.3 billion bu.), wheat (2.8 billion bu.) and soybeans (2.3 billion bu.) will be the largest in history, and yet U.S. farm income will be the smallest in real dollars since Depression-ravaged...
...than a quarter of U.S. farm output and most of the surpluses, and thus helped to prop up prices, but the value of exports fell this year (from $43.8 billion to $40.5 billion) for the first time since 1969. Meanwhile, millions of tons of grain-35 million tons of wheat alone-sit unsold in overflowing silos and elevators across the U.S. heartland. Storage space is so tight that grain is even piling up outside, covered only by tarpaulins. This year for the first time farmers will clear less money ($19 billion) than they pay out in interest ($22 billion). Says...
...neighbor cuts back," says Chappel Sides of Mississippi, "that won't do it. The Government has to come in and regulate supplies" by forcing farmers to produce less. Last week, by congressional mandate, Agriculture Secretary Block announced a new, paid set-aside program. If corn and wheat farmers retire 20% of their lands next year, the Government will pay them as much as $100 per unplanted acre...