12 Aug 1976
Page 1
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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Aug 12, 1976
Page
1
The Agriculture Department reports denim sales helped lift U S cotton farming from a slump but farmers receive only about 6.12 cents of every consumer jean dollar. Retailers take 42 cents, with ginners and marketing firms earning the least.
A USDA study shows 43 percent of U S households planted a garden in 1974 with about 30 million families participating. By 1975 surveys indicate roughly 38 percent had gardens or planned one, driven by fresh produce desire and economic factors.
Tulsa fair officials reported the 1976 Tulsa State Fair will award about 299,000 in premiums to exhibitors. Nearly 93,000 goes to horse exhibitors, with two national livestock shows offering 10,000 each. Open beef and dairy prizes total 69,250, while junior livestock prizes approach 100,000.
OSU extension economist Ted Nelson notes mixed profits from grazing winter wheat with stocker cattle in Oklahoma. With heavier cattle supplies delaying calf prices, producers may still see attractive prices if weather and grain markets cooperate, and early planting could optimize spring forage before weed seed matures.
Sen George McGovern criticizes Agriculture Secretary Earl Butz for recommending eliminating farm disaster programs next year. He calls the plan utter madness and cites drought impacts in South Dakota. Butz argues high costs and selective benefits, noting program costs of 550 million in 1974 and 283 million last year.
A U S inspection team reports better Soviet grain fields and forecasts one of the USSR’s largest harvests. Despite this, U S officials expect the Soviets to buy about 9.5 million tons of U S corn, wheat and soybeans this marketing year. Bell notes regional droughts and rains but remains confident the eastern areas will balance losses. The 1976 estimate points to a harvest near 195 million metric tons, with the second largest on record in 1974 at 195.7 million. The USSR had imported 16.5 million tons last year and agreed to buy 6 to 8 million tons annually from the United States. The Russians have told Eastern European allies not to expect their usual 2 million tons from the USSR this year.
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