Word: wheats
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Dates: during 1980-1989
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...House also raised the so-called target prices for grains and cotton, which require the Government to subsidize farmers if market prices drop below the targets. This year, with the target for wheat at $3.81 per bu., payments for that crop may exceed $400 million. The House bill would raise the wheat target...
...seeds of the first revolution-high-yield, fertilizer-hungry super-grains-were sown all over the world in the 1960s. Bread-bare countries like Mexico and Iran were soon exporting wheat, the Philippines became self-sufficient in rice, even Pakistan had a harvest surplus. But soaring oil prices pushed the cost of essential petrochemical fertilizers out of reach of all but the wealthiest countries. Today nearly every country "revolutionized" by the Green Revolution is importing food from the world's half-dozen grain exporters, most notably...
...Administration is also engaged in an all-out effort to increase farm exports. Agriculture Secretary John Block leaves on a sales mission to the Far East early next month and another delegation from his department leaves for Moscow in a week. Already 60% of U.S. wheat and one-third of all farm produce ($45 billion worth) are sold overseas, propping up domestic prices to some extent and thus reducing the need for direct subsidies. The Soviets will require 40 million tons of imported grain this year. After being rebuffed by President Carter's embargo last year, Moscow has been...
...Committee Chairman Jesse Helms of North Carolina had his staff draw up a bill that mainly protected tobacco and peanuts, important products of his state. Senator Robert Dole of Kansas quietly worked on his own version, eventually adopted by the committee, which doubled Reagan's proposed subsidies for wheat and corn. Reagan further fractured farm unity by promising Southern Democrats, whose votes he needed for his economic package, that he would not oppose their sugar and peanut supports...
...sugar will now be supported at 180 per Ib. for no good reason other than the clout that sugar interests wield. But the Senate did cut back on the increase in grain target prices recommended by the agriculture committee and farm lobbyists. The committee bill would provide subsidies when wheat prices fall below $4.10 per bu. The full Senate lowered that target...