The Nation: Another Losing Year

Dan Yokum, 32, is doing what he likes best: farming.

But he may not be able to do it much longer. He lost a total of $90,000 in 1975 and 1976, and he expects to be a loser again this year. "I have the best crop I ever raised," he laments, "and it's going to cost me $15,000." Only an upsurge in prices or federal subsidies can bail him out, a plight all too typical of thousands of small farmers throughout the country.

Yokum farms 1,360 acres near Vilas, Colo., which have been in his family for three generations. He has 200 acres...

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