Word: grains
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Dates: during 1950-1959
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...long as politicians insisted on Government subsidy programs, there was money to be made in the storage business. He began building skyscraping wheat bins from Nebraska to Texas, renting them to the U.S. for the surplus wheat it had bought. Garvey's new C-G-F Grain Co. was aided by specific federal subsidy in the form of fast tax write-offs (five years), as good as any granted to defense-plant builders during Korean war mobilization...
Needless Worry. By last week, Garvey had just about finished this season's additions to his private grain-storage kingdom, now the world's biggest with a capacity of 150 million bushels. The U.S. Department of Agriculture pays him $14.7 million a year to store surplus wheat, corn and grain sorghums bought from his and other farms. Soon after the harvesting gets under way this month, the big 1959 crop will be piled on top of the two-year U.S. surplus already owned or under loan by the Agriculture Department (1.2 billion bushels...
FRAGMENTING land into small holdings clashes head on with the trend toward efficient, big-scale farming with machinery. Essential for modern grain cultivation, big-scale farming is also useful in sugar; Puerto Rico tried and let die a 500-acre limit on sugar farms. By turning his agrarian reform against bigness rather than inefficiency, Castro may well scare off all U.S. capital and thereby slow Cuba's growth toward a diversified economy. As Mexico and Puerto Rico have proved, diversification provides new jobs and takes most of the fire away from the land-reform issue. Only 55% of Mexico...
Asked to react to "second-class citizen" as a "stock phrase," the majority considered it--and rejected it--as a description of the commuter, the most typical comment being "nonsense" followed by one of more exclamation points. Others, however, saw a "grain of truth." "Many commuters suffer from an inferiority complex . . . and show it," wrote one, and another snapped out: "I gather that as a member of Dudley I belong to an underprivileged group of some sort." A third non-resident observed that "I haven't come up against scorn; what I do resent is the automatic pity...
...speed which has never been attained and cannot be attained under the capitalist system." No less fantastic were the production targets announced for this year: 18 million tons of steel (up 54% over 1958), 380 million tons of coal (up 41%), 525 million tons of grain (up 40%), 40 million kilowatt-hours of electricity...