Interest rates seen dropping as economy slows
Federal Reserve economist C B Lutrell predicts a rapid fall in money market rates as demand for credit wanes, with short term loans following. He cites Carter era brakes and inflation as causes, noting farmers may see rates ease from 10–12% to about 9–12% and warning of higher unemployment and political unpopularity in tackling inflation.
MENTIONED IN THIS ARTICLE
Federal Reserve
C. B. Lutrell
St. Louis Federal Reserve Bank
Lutrell
The
Southern Ilinois University-Carbondale Department of Agribusiness Economics
Carter
William Herr
SIUC
Herr
United States
Lem
Foreman on Nitrites and Label Rules Highlight Bureaucracy
U S Agriculture Secretary Carol Foreman argues nitrite use in bacon and meats is a rational but imperfect compromise. She cites 10 000 public comments on labeling and envisions tighter rules, prints, and timing while acknowledging efficiency versus effectiveness in inspections and gaps in toxic chemical testing.
MENTIONED IN THIS ARTICLE
Mike Carr
Lindsay-Schaub
U.S. Agriculture
Carol Tucker Foreman
Foreman
USDA
Ralph Nader
Soybean fair draws a big crowd on Capitol Hill
A large crowd of foreign diplomats and congressional staffers attended the International Soybean Fair on Capitol Hill. Rep. Corcoran and Rep. Findley praised soybeans for exports and versatile uses, from cookies to soy protein in place of beef. The event, co sponsored by over 100 members of Congress, attracted diplomats from 60 countries, including China’s ambassador, Chai Zemin. Exports and production data highlighted strong growth and price relief possibilities from soy usage.
MENTIONED IN THIS ARTICLE
Illinois
Tom Corcoran
Ottawa
Corcoran
Capitol Hill
Soya
Soyland
Agriculture
Bob Bergland
Archer Daniels Midland
Decatur
Ralston Purina
St. Louis
Paul Findley
R-Pittsfield
Findley
Congress
Peoples Republic of China
Chai Zemin
U.S
Prise
Kent Mittleberg
A. E. Staley Co
Mittleberg
Bull prices at SIU sale nearly double last year
The 36 performance-tested bulls sold at Southern Illinois University Carbondale Beef Evaluation Station on April 20 averaged 1436 dollars, nearly double last year’s 864. Top bull was a pureblood Simmental from Kenwood Farms bought for 2325 by Olen Heinzmann. Seventeen Simmentals averaged 1678, three Polled Herefords 1450, ten Angus 1323, four Charolais 970, two percent age lines 863, with total sale receipts 51795.
MENTIONED IN THIS ARTICLE
Southern Illinois University- Carbondale
H. Dee Woody
Simmental
Kenwood Farms
Chesterfield
Olen Heinzmann
Sandoval
Nitrogen-fixing corn developed by UW researchers
Madison Wisconsin AP a University of Wisconsin researcher announced in Los Angeles at an American Society for Microbiology meeting that a corn variety can fix its own nitrogen. Brill and Ela bred tropical and modern corn to produce plants with bacteria that fixed 30 times more nitrogen than earlier strains.
MENTIONED IN THIS ARTICLE
Madison, Wis
University of Wisconsin
Winston Brill
Los Angeles
American Society For Microbiology
Wisconsin Agriculture
Gary Rohde
United States
Rohde
Brill
Project
Stephen Ela
Also Mentioned on This Page
Farm Credit
Mirs
G. W. Zacheis Farm
Steeleville
S.I. Equipment, Inc
Murphysboro, Ill
SIU
Allis-Chalmers
Pinckneyville
Nationale
W. Monroe
Herring
Steiger
Sparta Equip. Co
Sparta
ASCS
P.O. Box
Chaffee, Mo
Mobil Chemical
R & H Supply Co
Jacob
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