Word: wheated
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...farm bureau: "Our concern is that the frost may penetrate the ground more deeply than it would with a snow cover," thus damaging crops planted this winter. "This is about as dry as I can remember," observes Eldon Merklin, an Oklahoma farmer who planted 1,200 acres of wheat last month. "I had to plant some of it twice after it died because of lack of moisture." Adds South Dakota Agriculture Secretary Rodger Pearson, who reckons that his state's farmers lost $600 million worth of crops in the summer drought: "If we do not receive some moisture...
...would go through the ceiling." World food stocks are now unusually low because of a combination of poor crops and rising demand. Chicago Grain Analyst Conrad Leslie believes lifting the Soviet grain embargo would lead to 18% to 20% price hikes for commodities such as meat, corn, beans and wheat in the U.S. this year, rather than the 12% to 15% increase now expected...
...brighter. Prices have been rising fast, and the market for U.S. grain continues to expand. Says Agriculture Department Analyst Paul J. Meyers: "The long-term trend is for growth in the export trade and for relatively higher prices." Meyers predicts that the U.S. will export 1.53 billion bu. of wheat in the current fiscal year, compared with a record 1.38 billion last year. The average price is expected to climb from $3.82 per bu. to more than $4. Exports of corn and other coarse grains are likely to increase from about 73 million metric tons in fiscal...
...hikes in the price of diesel fuel, and, of course, the weather. The grain belt's perennial Cassandras are already predicting terrible weather for the spring and summer. This time, though, they have real reason for worry. Last summer's drought left the subsoil in the lower wheat-growing states of Kansas, Oklahoma and Texas seriously dehydrated. Another dry summer would cut yields in these areas significantly, and the outlook for rain is not good. Says Iowa's agricultural climatologist Paul Waite: "When a dry spell goes over a year, it is likely...
...result, Soviet production of beef and pork has fallen significantly, say U.S. observers. If the Soviet winter-wheat crop this spring is as poor as expected, Soviet economic planners may face the uncomfortable choice of increasing costly grain imports from Canada, Argentina and Australia or trimming back further on cattle herds and poultry flocks. That could mean years of less meat for Soviet consumers, a prospect that should cause some concern for Kremlin leaders. While Soviet citizens are hardly as restless as the Poles, it was last summer's meat shortages and price hikes that touched off the worker...