AGRICULTURE: The Jubilant Farmers

Food prices remain a pain in the pocketbook, and shortages of canned goods are showing up in the supermarkets (see box following page), but America's newly fat and happy farmers are jubilant. With the notable exception of cotton, which is expected to be 4% behind last year's crop, never before has there been so much to harvest. Midwest farms are producing such quantities of grain and golden soybeans that equipment dealers cannot get enough storage bins for them. Even though a month of above-normal rainfall slowed the start of the...

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