NBC Evening News for Thursday, Jun 23, 1977
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(Studio) Agriculture Department reports record wheat crop for year Is good news for consumers, not so for wheat farmers.
REPORTER: John Chancellor
(Sedgwick Cnty., Kansas) Wheat prices at Kansas City, Missouri, Board of Trade are same as in 1960's. Effects of low prices on farmers noted. Many plan to store wheat, use it as collateral to obtain government loans and never pay loan, leaving government owning wheat. [Farmer Hal WEBER - hates to see such stockpile, but difference in loan and market price per bushel has to be considered.] Congmen. from wheat states say there'll be government program to control wheat product next year
REPORTER: Mike Jackson
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