1984

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Current rice legislation has created a transition period where income support to rice producers continues to decline in real dollars, and payment limitations restrict efficient use of resources. The income support level was effectively frozen under the 10 farm bill at $10.71 per cwt, which is $1.1 below 184. Political realities are such that no future increase in income support is expected. Rice producers, therefore, are facing a future in which they will likely continue to depend more on the market and less on government income support. The 185 farm bill increased emphasis on making U.S. agriculture more competitive in world markets through lower loan rates and implementation of the marketing loan program for rice. Target prices provided the basic income support mechanism for payments to eligible producers. The 185 farm bill froze the 186 minimum target price at the 185 level of $11.0 per cwt and set the minimum 187 through 10 target prices at declining levels. It also froze payment yields at the 181-185 level. The 10 farm bill, as amended by the Omnibus Budget Reconciliation Act of 10, continued the freeze on payment yields and further cut government program expenditures by reducing payment acreage by 15 percent of base through the normal flex acre program (NFA). Producers, however, were allowed to plant (flex) the NFA acreage and, if desired, an additional 10 percent of their base (OFA) to approved alternative crops without losing rice base. Apple Computer has been one of the remarkable business success stories of recent year. Founded in 176 by Jobs and Stephen Wozniak, it went from a garage in Santa Clara to a company of $.8 billion in revenues at the end of 16. World wide, its logo is one of the very best known and positively viewed. Along the way, it has helped millions to use computer technology easily and effectively. Coincidentally, it provided employment to thousands at Apple and related companies. Looking back, 180(the year Apple went public), 184(when the Macintosh debuted), and 186(when Apple moved into desktop publishing by launching the Mac Plus and the LaserWriter) were banner years. But wedged in between them have been some real losers 18 (when the Lisa flopped), 1 (when the company had an 84% drop in earnings), 15 (when the company faced a series of crises including a mass defection of executives, product shortages, and a declining market share), 16 (when CEO, Mr. Gil Amelio tried to reconstruct the company but still couldnt halt the market share and stock price slide).

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