The corn-crop outlook shrivels
For years, plentiful harvests have been the grocery shopper's best friend. Thanks to the rich yield of American farms, food prices have risen more slowly than inflation since 1979. But last week the Government disclosed that the combination of bad weather and a controversial farm-subsidy program may augur steeper increases ahead. Based on an Aug. 1 survey, the Department of Agriculture estimated that the 1983 corn crop will be only 5.24 billion bu. That output would be 38% below last year's record level and would represent the smallest harvest since 1974.
Because corn is the main feed for...
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