CBS Evening News for Monday, Jun 11, 1984
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(Studio) Agriculture Department's 1983 forecast of farm income mentioned.
REPORTER: Dan Rather
(Monroe, Iowa) Econ. crisis for American farmer caused by high interest rates, low crop prices and weather examined. [Farmers Norman ROORDA, Jim JESTER - describe their losses.] Agriculture industry's role in nation's gross national product explained, outlined on screen. [Texas agriculture commissioner Jim HIGHTOWER - notes farmers are going broke.] Specifics of Roorda's economy situation explained. [Farmer Jim HELGOTH - cites impact of high interest rates.] Previous system under which farmers such as Helgoth borrowed money for growth explained. [Agriculture Secretary John BLOCK - recalls euphoria of 1970s.] [ROORDA - enjoys farming.]
REPORTER: Meredith Vieira
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