Word: wheats
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Dates: during 1990-1999
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...Mortgages on that land were foreclosed after the Clarks stopped making payments. Emmett's grandson Dean, 30, then tried to save the family holdings by buying 3,000 acres back at auction--but stands to lose them again because the siege has prevented him from getting last year's wheat crop to market or this year's crop in the ground. Last fall, when Dean tried to retrieve stored wheat from the silos at his grandfather's [foreclosed] farm, his father Richard, 47--who later turned himself in and is now in jail awaiting trial on Freemen-related charges--chased...
Farmers and ranchers across the blistered Southwest and Lower Plains have already experienced a rough spring, with no relief on the horizon. They have watched winter-wheat crops wither and die. Kansas normally produces 360 million to 420 million bushels of wheat annually; the estimate for this year is 185 million bushels. "Personally, I think those estimates are a bit high," says Mike Brown, president of the Kansas Association of Wheat Growers. "I hope they're on the low side, but I wouldn't be surprised if [the crop] was below 150 million...
...supporters of the new law say it is working just fine. Gary Mitchell, chief of staff of the House Agriculture Committee, notes that most wheat acreage in the drought-affected areas is insured--specifically, 91% in Colorado, 86% in Kansas, 85% in Oklahoma and 79% in Texas. Fears of widespread farm defaults and bankruptcies have not yet materialized. Larry Cervenka, a banker in Taylor, believes "96% to 97%" of local farmers will stay afloat, at least in the immediate future, because they raise both crops and cattle. But the fears and anxieties run high. "I wish," Cervenka adds, "Americans could...
...perfectly competitive industry, no effort will need to be expended to sell the product. The supply will be equivalent to the demand, and the work of the market would simply be to match up buyers and sellers. Advertising, window dressing and product differentiation are all unknown to the wheat market, for instance, which is the closest thing to perfect competition in United States. Time Warner and other media conglomerates, however, see effort not simply as part of their business but as their whole business. We may conclude that they have a high degree of market, or monopoly, power which causes...
WASHINGTON, D.C.: A USDA report says some 45 percent of the U.S. wheat crop in 19 states are in poor or very poor condition after a dry spell which has driven farmers in the wheat-belt states to plow under their winter wheat and plant corn or other crops. Inventories of winter wheat have fallen to a 50 year low, and commodity exchanges are seeing record wheat prices. The price of a May wheat futures contract has risen to around $7.00 per bushel, up from $4.95 at the beginning of February. The shortage of winter wheat is part...