首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the
admin
2013-01-19
65
问题
To understand the failings of existing farm programs, it’s important to understand the roots of the current farm crisis. At the heart of the problem is money—how much there is and how much it costs to borrow.
A farmer is a debtor almost by definition. In my own state, it’s not unusual for a wheat farmer with 1,000 acres to owe several hundred thousand dollars for land and machinery. In addition to making payments on these loans, it’s common for such a farmer to borrow about $40, 000 each spring to cover fertilizer, diesel fuel, seed, and other operating expenses. The months before the harvest will be anxious ones as the farmer contemplates all the things that could bring: financial hardship, bad weather, crop disease, insects, falling commodity prices. If he has a good year, the farmer can repay his loans and retain some profit; in a bad one, he can lose his whole farm.
Money thus becomes one of the farmer’s biggest expenses. Most consumers can find some refuge from high interest rates by postponing large purchases like houses or cars. Farmers have no choice. In 1989, for example, farmers paid $12 billion in interest costs while earning $32 billion; last year they paid $22 billion in interest costs, while earning only $ 20 billion. In a business in which profit margins are small, $4,000 more in interest can mean the difference between profit and loss. Since 1985, 100,000 family farms have disappeared, and while interest rates have fallen recently, they still imperil the nation’s farmers.
This is why the most basic part of our nation’s farm policy is its money and credit policy--which is set by Paul Voicker and the Federal Reserve Board. The Federal Reserve Board’s responsibility for nearly ruining our economy is well-known. What’s often overlooked is how the board’s policies have taken an especially devastating toil on farmers. While high interest rates have increased farm expenses, they’ve also undermined the export market farmers have traditionally relied on. High interest rates, by stalling our economic engines, have been a drag on the entire world’s economy. Developing and third world nations have been particularly hard hit. Struggling just to meet interest payments on their loans from multinational banks, they have had little cash left over to buy our farm products.
Even those countries that could still afford our farm products abandoned us for other producers. Our interest rates were so high that they attracted multinational bankers, corporations, and others who speculate on currencies of different countries. These speculators were willing to pay more for dollars in terms of pesos, yen, or marks because those rates guaranteed them such a substantial return.
The author believes that ______.
选项
A、high interest rates have an immediate effect on the farming industry
B、the Federal Reserve Board’s policies will stimulate the export market
C、reduction of costs is a sure way to gain long-term profitability to the farmers
D、radical reforms are essential for the increase of productivity
答案
A
解析
作者认为高利率政策对农业有直接影响。参考文章第4段:“while high interest rates have increased farm expenses, they’ve also undermined the export market farmers have traditionally relied on. ”
转载请注明原文地址:https://kaotiyun.com/show/hP2O777K
0
考博英语
相关试题推荐
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
ThemostfamouspainterinVictoria’shistoryisEmilyCarr.Whenshewasachild,shediscoveredthatwalkinginthewoods【1】mo
TheNationalTrustinBritain,togetherwithsimilarvoluntaryorganization,playsanincreasinglyimportantpartinthepreserv
ThatthewomanwassayingwassoimportantthatIaskedeveryonetostoptalkingandlisten.
随机试题
关于妊娠期间阑尾的位置描述正确的是:
关于煮沸消毒法,哪种说法是错误的
PCI3分子空间几何构型及中心原子杂化类型分别为:
挤密砂桩的施工顺序应该从两侧开始,逐渐向中间推进,或者()环绕打设。
下列进度控制纠偏措施,属于管理措施的是()。
按照西方古典经济学的观点,自愿失业的类型主要包括()。
下列各项资产准备中,在以后会计期间符合转回条件予以转回时,应直接计入所有者权益类科目的是()。
2×18年,甲公司发生的相关交易或事项如下:(1)1月1日,甲公司以2500万元从乙公司购入其发行的3年期资产管理计划的优先级A类资产支持证券,该证券的年收益率为5.5%。该资产管理计划系乙公司将其所有的股权投资和应收款项作为基础资产履行的资产支持证券
关于物业服务收费原则的说法,错误的是()。
(2020年北京)某县地处黄土高原,水土流失严重。如果你是该县相关部门的工作人员,你认为采取以下哪些措施能有效治理水土流失?()①压缩农业用地,扩大林草种植面积②调整种植结构,发展棉花产业③施用石灰,降低土壤酸性④打坝淤地,
最新回复
(
0
)