44 mmmmm mmmme COUPON m1mmmmmmmmmmmm ARMY SURPLUS' We stock a full line of j clothing, boots, camping 1 5 & backpacking equipment, ; and military clothing. II OFF ALL Open 7 days a week. MERCHANDISE Coupon expires Spetember 30, 1985 3 * With This Coupon 201 E. WASHINGTON I (Except Sale Items) pt Fourth St.1994-3572 J MD ARE YOU COLOR BLIND?, WE NEED EXPERIMENTAL SUBJECTS We pay good money to persons who are selected by initial tests for these experiments. Call Dr. Nop, 763-8078 WEEKDAYS 9 A.M. - 6 P.M. Page 6- The Michigan Daily - Friday, September 13, 1985 Big harvest means low 0 CHAMPAIGN, Ill. (AP) - Bill Klein expects his 1985 corn and soybean harvest to be among the best, but it comes at a time when prices are among the worst. "It's a mixed blessing," said Klein, who has been farming at Seymour for nine years. "Big crops usually mean low prices, and prices are terrible." r KLEIN, LIKE many farmers, will get more money for his crops by' storing most of them as collateral for1 government loans, without which, he' says, "I'd be in serious trouble." ' The U.S. Department of Agriculture1 estimates that farmers will harvest a1 record 8.47 billion bushels of corn this1 fall and a substantial 2.06 billion bushels of soybeans.' About two-thirds of the corn and all the beans are eligible for the loan program. And that's where analysts1 expect a major part of the harvest to' go. "ALL FARMERS would rather produce for a market than let the government have it," said Da- Friend of Warrensburg, president- elect of the National Corn Growers Association. "But the farmer, no matter what his conviction, will let his billfold do the talking, especially if he owes the bank money." Klein, who agreed to reduce corn planting by 10 percent this year at the government's request, can use grain as collateral for a loan at the rate of $2.55 a bushel-much more than the market offers. Factoring in the government deficiency payments of- fered when prices are low, they are assured of at least $3.03 a bushel for a substantial part of their corn. AT NOON Wednesday, corn for December delivery was selling for $2.17 a bushel at the Chicago Board of Trade, and soybeans for December deliver were $5.03. In 1973, corn prices peaked at $3.75 and soybeans for $10.90. The soybean loan rate traditionally has been well below market prices, but this year the $5.02 per-bushel loan THE DAILY CLASSIFIEDS ARE A GREAT WAY TO GET FAST RESULTS CALL 764-0557 rate will attract a lot of farmers. "I've sold a few beans, but the rest will go into my bins and under the loan," said Klein. HE SOLD about two-thirds of his 1985 corn while it was growing, he said, but the rest of that crop also will be stored as collateral for a gover- nment loan. In nine months, farmers have the option of repaying the loans if market prices are higher than loan levels, or of forfeiting the grain if prices are depressed. In the latter case, the government will have bought their grain for more than anyone else would pay. "You've got the majority of your crop tied up under loan with the world market prices well below that level," said George Fluegel of LeRoy, president of the American Soybeans Association. "It will cut down ex- ports and cost the taxpayer an enor- mous amount of money for the Iowa and the storage." WITH A large amount of corn and soybeans under loan, grain analysts expect that as free supplies dwindle, buyers briefly will bid prices above the loan levels to entice farmers to sell. But the supply is huge and demand relatively weak, they say, so grain will continue to pile up and depress prices. "All the major grain-producing countries have expanded production by a significant amount and there is an excess supply around the world," said Bob Jones, an agricultural economist at Purdue University. "We see itbeing stored for a long time." THE CORN price-support program of loans and deficiency payments will save many eligible farmers from disaster this year, said Darrel Good, an agricultural economist at the University of Illinois. If they have high yields, he said, these farmers could enjoy very large cash flows per acre. The farmers who will suffer in the short term are those who did not par- ticipate in the government program or who were in isolated areas where corn and soybean yields were low. Over the long haul, analysts say the grain glut can only hurt agriculture. "We think there will be more people in financial distress at the end of this year than there were at the begin- ning," said Jones. One of the most dramatic in- dications of serious trouble is the sharp decline in the value of far- A I A Farmer Ralph Jacobs poses with his record corn harvest on his family farm;in Springfield, Ill. The larger than expected harvest is viewed by some as a bur- den rather than a blessing, due to low corn prices. Many farmers will store most of their crops as collateral for government loans. STAMP OUT mland. In Illinois, for example, the Agriculture Department says the average price of farmland has drop- ped from the 1981 peak of $1,314 in 1985, a 40 percent decline. It is not hard to see why. The depar- tment says: " The nation's net farm income, $30 billion in 1981, could dip to $22 billion this year. " Agricultural exports dropped from $44 billion in 1980-81 to $32 billion last year, and even that figure will be revised downward. " Corn exports fell from 62 million metric tons in 1979-80 to the current estimate of 41 million for this year, while soybean exports dropped from 24 million tons to 18 million. " The ending stocks of corn and soybeans, the portion of the crops that could not be sold, had been trimmed -to just 18 million tons of corn and less than 5 million tons of soybeans in 1983- 84. Current estimates are that by the end of the year, there will be 69 million tons of corn and 15 million tons of beans left over. 0 a TICKET STUBS WORTH MONEY? You bet, at Domino's Pizza your U of M football ticket stub is worth $1.00 on any pizza order with one or more items. OFFER GOOD ON HOME GAMES ONLY. Not good with any other offer or special. Ed. dept. drops financial aid draft verification rule (Continued from Page 1) Grotrian compares the Solomon Amendment with having "to check on the height and weight of students as they check in" for financial aid. He said the enforcement of the law cost the University around $15,000 last year. Although the military is not curren- tly conscripting anyone, registration for the draft was reinstituted-in 1980 under a law signed by then-President Carter. All male citizens and resident aliens born after Jan. 1, 1963 must register within 30 days of their 18th birthday in accordance with that law. I Irish fans fight for tickets to Saturday's football game Get the Fresh Alternative. Enjoy a fresh salad or sandwich, made one-at-a-time. Even though the world is going "plastic"-you don't have to eat it. Stamp out styrofood at Subway. Ticket stubs expire the firs! after the game (i.e. NotreI ticket stub good until Sept s Thursday Dame vs. Michigan ember 19, 1985) Gt l I 1315 S. - I University -T A L I '\ (Continued from Page 1) the seating and do a service." Though sales were steady yester- day, scalpers say today, the eve of the game, will be their most hectic day. One scalper positioned in front of the Union yesterday likened today's an- ticipate wheeling and dealing to a big city financial district. "The situation here is analogous to Wall Street," he said. In addition to the scalpers and Notre Dame fans, the media has a special interest in this game. Both teams consider a win in tomorrow's game crucial. "CBS alone has 80 or so credentials. The other major networks will be here also, along with Sports Illustrated," Perry said. Michigan paraphernalia shops and 761-4160 GRAND OPENING SALE BUY ONE GET ONE FREE September 13 and 14 Only DOMINO'S PIZZA DELIVERS' FREE. bookstores are also being fueled by the pre-game hype. "We've doubled up on everything in stock-clothing, glassware, bumper stickers, pennants, and buttons. We've even set up a special display for the weekend,"said Diane Dotson, manager at Barnes and Noble bookstore. And University students and alum- ni will be sporting items like these. University sophomore Mike O'Donovan has special reason to root the Wolverines on to victory. His brother, John, is one of the many Notre Dame students coming up for the game. "I'm real excited about the game. John and the rest of the family are coming to see the game. Unfor- tunately they're all rooting for the Irish. Daily staff writer Larissa Sz- porluk filed a report for this story. 4bfp WEEKEND DRINK SPECIALS FRIDAY White & Black :;I ;A