Lyng predicts big jump in U S food costs amid drought
Agriculture Secretary Richard Lyng warned that drought will lift this year's food costs by 3 to 5 percent and another 2 percent next year, exceeding prior forecasts of 2 to 4 percent this year. He cited bleak farmland prospects and said relief for farmers may be needed, but no price tag was set.
MENTIONED IN THIS ARTICLE
Washington Post
Washington
Agriculture
Richard Lyng
Agriculture Department
Reagan
Lyng
Congress
Rea
Midwest
Interagency
Drought impacts Iowa revenue expected in 1988 89
Lawmakers hear that higher corn and bean prices may offset reduced yields. Avenson warns severe drought could force spending restraints to keep the budget balanced. ISU and attorney general officials predict more farmers needing mediation and possible moratoriums on loan foreclosures. Congress may provide aid including loans and grazing on CRP lands.
MENTIONED IN THIS ARTICLE
Prouty
House
Donald Avenson
D-Oelwein
Avenson
Terry Branstad
Senate
C.W. Hutchins
D-Audubon
Fran Phillips
Rural Concern
Iowa State University Extension Service
Tom Ormiston
Iowa
Vic Stueland
Grand Mound
Neal Smith
Medicare Reform Expands Drug Coverage and Surtax
The bill broadens Medicare to cover prescription drugs with government shares rising to 80 percent by 1993, introduces a 15 percent surtax on tax liability for many seniors, raises premiums to 39 dollars by 1993, and adds respite care and hospice benefits. It also increases hospital days limits and doctor cost caps while excluding custodial nursing home care.
MENTIONED IN THIS ARTICLE
Medicare
Soviet conference approves new powerful post of president
Delegates at the Soviet party congress approved the creation of a strong presidential role to oversee domestic and foreign policy with the president to be the party leader, currently Mikhail Gorbachev, while the presidency remains ceremonial. A monument to Stalin’s victims was also approved amid six hour broadcast delays.
MENTIONED IN THIS ARTICLE
Gorbachev
Josef Stalin
Iowa Ticket Shortage Hits Road Games and Hawaii Demand
Iowa ticket officials report limited allotments and strong demand for road games. Priority favors long-time season-ticket holders based on tenure and contributions. Hawaii Sept 3 tickets lag, while Minnesota Nov 19 orders exceed capacity. Michigan State, Kansas State, Indiana, Purdue sales moderate.
MENTIONED IN THIS ARTICLE
Iowa
Hawaii
Naughton
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Bigs Sur
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econo@foods
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