Word: wheats
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Dates: during 1980-1989
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Wherever they eat, executives claim that the business breakfast is more productive than a long, and often liquid, lunch. While traditional brunch beverages like Bloody Marys and screwdrivers are rare, the corporate breakfast need not be spartan. Some executives prefer such healthy dishes as wheat germ and yogurt, but others indulge in eggs Benedict or Viennese crepes. In Minneapolis kippered herring and whitefish are favorites...
...Argentina's few important economic friends at present is the Soviet Union. So far this year, the Soviets have bought 2.6 million tons of Argentine wheat, 68% of the amount available for export. The Soviets also will continue being big customers for Argentine corn, sorghum and soybeans...
...inhaled 2 billion Ibs. of pasta, about 9 Ibs. per person, propelling the U.S. to second place in the world as a pasta consumer; Italians down some 60 Ibs. each annually. Virtually every city of any size has specialty stores selling freshly made pasta, as well as hard durum wheat flour for knead-it-yourselfers, and imported cheeses, sauces, oils, olives and herbs to anoint each dish. A sophisticated caterer can offer whole pasta dinners, starting with pisarei e fasoi (bean soup with gnocchi and prosciutto) through bigoli all'anitra (Venetian wheat pasta with poached duck) and baked spaghetti...
America's 2.4 million farmers are squeezed between rising costs and falling prices. In part, they are the victims of their own remarkable productivity. Last year they turned out record crops of corn (8.2 billion bu.) and wheat (2.8 billion bu.). The 2 billion-bu. soybean harvest was exceeded only in 1979. Oats, barley and grain sorghum also had near record yields, making 1981 probably the most productive year in U.S. farm history. Unfortunately, all that abundance knocked the bottom out of prices. Corn, the nation's biggest cash crop, dropped from $3.60 per bu. in the Chicago...
...business that depends heavily on credit (a typical Kansas wheat farmer borrows about $75,000 a year just to plant and fertilize his crop), the combination of declining income and high interest rates is pushing countless farmers toward bankruptcy. Total farm debt has sharply risen (see chart); it now is about 13 times as high as this year's projected total income. Where farmers normally estimated their annual interest expense at about 11 % of their costs, they now have to set aside more than 20%. Some big operators with expensive equipment are paying as much...