Bad Year for Many Farmers Due to Weather and Economy
The 1974 crop year hit hard from late planting drought and freezes, with grain output well below expectations and livestock profits squeezed. USDA data show farm income fell 16 percent to 26.8 billion while expenses rose by 10 billion as prices for feed and fuel surged.
MENTIONED IN THIS ARTICLE
Washington
Pla
U.S
Agriculture Department
U.S. Department of Agriculture
USDA
C. Kyle Randall
Department
Randall
George Hoffman
Self-Sufficiency In Oil Shows Canada’s 1975 Edge
Canada’s 1975 outlook centers on oil self-sufficiency as a key strength and source of conflict between provinces and the federal government. The report notes a solid early 1970s growth, a US demand drop, budget battles, and a two-price oil system with export taxes aiding eastern refineries while futures remain uncertain. Unemployment and housing slowdowns loom as wage gains lag inflation and union pressure intensifies for 1975 negotiations.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
United States
General Motors
David Collier
U.S
Alberta
Saskatchewan
British Columbia
Liberals
Pierre Trudeau
Toronto
Mutual Fund Investors Suffer Painful Replay
The 1974 mutual funds decline matched 1973 losses as stocks fell, with Lipper reporting a 23.3 percent drop from January to December in 524 funds. Gold stock heavy funds fared worst while money market funds weathered the year best as interest rates surged.
MENTIONED IN THIS ARTICLE
Chet Carrier
NEW York
Lipper Analytical Services
Dow Jones
Investment Company Institute
Industry Trade Association
Michael Lipper
Lipper
Also Mentioned on This Page
Gested
Joseph C. Richard
Equitable
N. Sheridan Rd
Sears
Vured
Sears and
SAVE
Sears, Roebuck and CO
Lith and Gore Blvd
Lawton
Oklahoma
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