NBC Evening News for Monday, Jul 12, 1976
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(Studio) Agriculture Department says fall corn crop to be up 14% from 1975 crop. Wheat crop to be 4% below 1975 record crop.
REPORTER: John Chancellor
(DC) Farm experts prepare report for release after grain mkts. close for day. Spokesperson says food prices won't rise above 4% and there will be plenty of grain for sales to USSR and West Europe. [Agriculture Department chief economy Don. PAARLBERG - says lack of economy distress calls should be good for incumbents. Will know more about "peanut" crop in November harvest season.] Admin. representatives say all economy statistics will have political implications until November election. They feel crop forecast will help Ford's chances.
REPORTER: Irving R. Levine
(Studio) Midwest farmers pleased with crop forecast.
REPORTER: John Chancellor
(DeKalb, Illinois) Corn crop looks better than average in north Illinois. [Warmer Joseph FAIVRE - says good corn crop will make prices go down.] Consumers will benefit if there is record corn harvest.
REPORTER: Chuck Neff
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