Agricultural pricing outlook and 1977 legislation timing
Agricultural economist Terry Francl notes that corn price supports may rise above free market levels, driving carryover. He expects new farm legislation to arise as current laws expire this year, with partial continuations and some reversion to permanent statutes, amid a generally weak farm price environment.
MENTIONED IN THIS ARTICLE
Terry Francl
Federal Reserve Bank of Chicago
Secretary of Agriculture
Franci
High Cost of Coffee A Blend of Global Shocks
The piece traces rising coffee prices to a sequence of supply shocks including a devastating Brazil frost that wiped out 60 percent of buds, Colombia floods, an earthquake in Guatemala, the Angolan civil war, and unrest in Ethiopia. It notes export tax increases and higher wages for handpickers, with frost the sole factor likely to raise world prices significantly.
MENTIONED IN THIS ARTICLE
Brazil
Colombia
Guatemala
Ethiopia
Uganda
Mombasa
Wood Varner Receives Midwest Life Humanitarian Award
D. B. Woody Varner, former president of the University of Nebraska, is given the first humanitarian award for distinguished community service by Midwest Life Nebraska Insurance Co. The award will be presented periodically to worthy recipients, according to Midwest president S. Turner Allen. A UCLA study finds residents nearest Los Angeles International Airport have higher nervous breakdown rates due to jet noise exposure.
MENTIONED IN THIS ARTICLE
D. B
Woody’’ Varner
University of Nebraska
Midwest Life Nebraska Insurance Co
S. Turner Allen
Midwest
Los Angeles International Airport
University of California
Los Angeles
Tax tips for elderly from Retired Senior Volunteer program
Read the newsletter for senior tax changes including a $35 personal and dependent deduction or 2 percent of the first $9 thousand of taxable income up to $180. Elderly get a 15 percent credit on a $2,500 base for singles and $3,750 for couples. Home sale exclusion up to $35 thousand for 65 Plus. Homestead exemption may reduce yearly property taxes. Call 475-3611 for more information.
Benin and Laos Agree to Ambassadors Relations
Benin and Laos decided to establish diplomatic ties at the ambassadorial level officials said.
MENTIONED IN THIS ARTICLE
Benin
Laos
Coal boom reshapes small towns in the Northern Great Plains
A USDA and university study warns that rapid coal industry growth in the Ft Union region may strain small communities. Construction needs up to 200 workers for a mine and 3 000 for gasification, with migration driving wage and service pressures. Local governments face revenue-expenditure gaps amid unplanned growth.
MENTIONED IN THIS ARTICLE
Great Plains
Ft. Union
Wyoming
Montana
North Dakota
Ing
Lloyd Bender
Bozeman
Economic Development Division
Montana State University
NATO faces possible collapse if upgrading lags
U S General Alexander Haig warned in U S News World Report that NATO could collapse if Western defense buildup does not keep pace with the Soviet military expansion in Europe He said the Soviets have boosted nuclear and conventional forces and added one million in standing troops, risking strain on deterrence built over 27 years.
MENTIONED IN THIS ARTICLE
North Atlantic Treaty Organization
NATO
Soviet Union
Europe
Alliance
U.S
Alexander Haig
U.S. News& World Report
Haig
Western
Kimberly-Clark bars to violence advertising
Kimberly-Clark Corp of Neenah Wisconsin says it issued guidelines to its ad agencies barring sponsorship of TV programs deemed excessively violent or antisocial. The move places the firm among others pulling away from such programming.
MENTIONED IN THIS ARTICLE
New York
Kimberly- Clark Corp
Neenah, Wis
Also Mentioned on This Page
Commodity Credit Corporation
Rina Messenger
Woody’ Varner
Usdan Economic Research Service
Kimberly-Clark
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