Farm debt and land values drag down farmers equity in 1985
U S D A report shows farm debt about 195 to 202 billion as of Jan 1 1985 while assets fell to 755 to 805 billion led by a 12 percent drop in land values. Equity slid about 75 billion from 1984 and nearly 200 billion since 1982, with debt rising relative to assets for many operators.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Economic Research Service
Farmers Home Administration
Commodity Credit Corp
U.S
Corn Belt
Lake States
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Energy Woes Slow Personal Income Across Nation
Washington AP government data show personal income rose 1.1 percent in Q1, with Alaska plunging 9 percent as oil and gas cut jobs. Farm states like North Dakota also fell 6.1 percent, while West Virginia led gains at 3.5 percent. Inflation cooled, boosting real take-home pay despite weak earnings in energy and farming regions.
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Keith Richards becomes father to daughter in 1980s New York
New York reports Keith Richards and Patti Hansen welcomed their second daughter, a 9-pound 3-ounce baby born at 11 32 a.m. Monday. Spokesman Ted Albert noted the parents are choosing a name. The couple wed in December 1983 in Cabo San Lucas, Mexico.
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New York
Rolling Stones
Keith Richards
Patti Hansen
Ted Albert
Albert
Richards
Hansen
Cabo San Lucas
Mexico
Lugar Proposes Expanded Sanctions To Press South Africa
Senator Richard Lugar calls Congress to codify Reagan sanctions and add seven new measures aimed at pressuring the white minority government in South Africa. Proposals include banning certain imports, restricting visas, halting new investments, and selling U.S. gold reserves to lower world gold prices. Existing sanctions would stay, with disinvestment opposed for now.
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Washington
Richard Lugar
Senate Foreign Relations Comittee
Congress
Reagan
South Africa
Lugar
U.S
State Department
United States
House
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