Word: bu
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...boats into the fray, none of which escaped without mishap--one boat hit a buoy at the start, one scraped a bridge on the way, while one steered clear of everything on the course, even the finish line. But in the end, the first boat finished third, closely tailing BU and Smith College throughout the two-and-a-half mile race...
...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 to $4.20 per bu...
...shameless politicking over the bills did nothing to reduce many farmers' sense of alienation from Washington. Currently, the Midwest is trying to cope with problems created by the most bountiful harvest ever: 8 billion bu. of corn and 2.8 billion bu. of wheat. The resulting fall in prices has been compounded by rising costs, high interest rates and stagnant consumer demand. But many farm leaders now argue that subsidizing overproduction will not solve their problems. Says Iowa Agriculture Secretary Robert Lounsberry: "The election produced a mandate for the marketplace to set the price, but now a lot of people...
...will be largely protected from financial losses in 1981, as they have been since the Dust Bowl disasters of the 1930s, by an enormously expensive array of federal subsidy and price-stabilization programs. Since wheat prices this year have already fallen 21? below the "target price" of $3.81 per bu., farmers can expect some $350 million in "deficiency payments"-literally, Government handouts-to make up the difference. In addition, more than 1 billion bu. of grain are expected to end up in farmer-owned reserves by the end of the year under a program that will lend farmers close...
...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...