Word: payment
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...sounds like a rural version of the coals-to-Newcastle bit: giving farmers wheat, corn, rice and cotton. In fact, the payment-in-kind (PIK) plan unveiled last week by Agriculture Secretary John Block is an intriguing idea that just might reduce bulging Government stockpiles and prop up depressed farm income...
Meantime, Transportation Secretary Drew Lewis' idea to hike gas taxes 5? per gal. to repair highways and bridges was making progress in Congress. And Reagan threw his weight behind the notion, hatched in the Department of Agriculture, of using surplus grain as a payment for not producing new grain...
...some cases, a farmer could in effect sell the same crop twice. He could grow wheat on land he kept in production, sell it to the Government at the support price, get it back in payment for the acreage he had idled-perhaps before the wheat had left his farm-and resell it on the open market...
Instead of assuming the cost of a batch of capital projects all at once, he said. Harvard is essentially spreading out payment of construction bills over the thirty years the bonds are outstanding. The yearly income for the various faculties from rises in from rate or contributions will then go to retire this debt, he added...
Harvard officials said earler this week that the University made the sale at this time to take advantage of current low interest rates and to spread out payment for construction projects now totalling $195 million...