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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Jan. 29, 1981)
thursday, January 29, 1931 daily nebraskan page 3 Drought may push crop prices Hy Jim (iarrctt Although Midwest farmers are worrying about the possibility of a spring drought, the clouds that have failed to bring rain still have a silver lining in them. Les Sheffield, a UNL associate professor of agricult ural economics, said there were indicators that could lead up to the biggest commodity market boom in hist ory. If the dry spell doesn't snap and crops don't get moist ure, Sheffield said, the Chicago F utures markets could be offering corn up to $4.()() to $5.10 a bushel. "A lot of the forecasts received in so far project below normal precipitation levels for the whole winter wheat area," Sheffield said. High temperatures and low precipitation levels could be the norm for some time lie said, and wheat shortages could definitely affect cash and futures markets in 19X1 . "A lot o the forecasts received in so far project below normal precipitation levels for the whole winter wheat area," Sheffield said. High temperatures and low precipitation levels could be the norm for some time, he said, and wheat shortages could definately affect cash and future markets in 1981. "With the break-even point around S3.0C or corn production, the USDA has projected price 'evels anywhere from $3.30 to $3.75 for the 1980 crop," he said. "All in all it will be a very exch.ng year for agriculture in Nebraska." Sheffield said. He said the Jan. 12 edition of the Wall Street Journal surveyed 24 top commodity analysts who revealed the best investment in major markets was in treasury bonds followed by corn and soybeans. Nebraska, as well as a large portion of the central Un ited States and Canada, has experienced below normal precipitation. This by itself doesn't pose any real problem, said Ken neth Dewey, a UNL assistant professor of geography. But because the drought last summer carried over into winter, it could become serious if spring rains and snows don't show up, he said. Dewey said winter is not the best time to indicate drought trends. Normal precipitation for the winter months reaches about 19 percent of yearly levels, he said. tftEZf ii. n. i. ii, mm,, . i i, iinn.i-or Call 0ys Evenings I Wetkendt f tmr&n SSSVn Lincoln classes torming now. ' b Oil IT trrJIfSl ln Lincoln "11435-3316 Etfacational Center TEST PREPARATION SPECIALISTS SINCE 1938 or Collect to Omaha 391 2333 for information About Other Centers In More Than 85 Maior US Cities & Abroad Outside NY State CALL TOLL flit: M0-223-17I? We now have waterbeds. SOFA S195 LOVESE S165 COFFEE TABLE S49 Hand Finished Solid Wood Butcher Block Set Completely knocked down, over 50 fabrics Poof and Walrus Pillow Chairs $39.95 to $79 Decorator Pillows $1.99 - Floor Pillows $659 1325 -0"St. M-F 10:30;Th. 10-7:30 474-4501 Sat. 10-5 Sun. 1-5 t., t Annual precipitation averages 27 to 28 inches, he said, with about 5'j inches of moisture falling during the winter. There have been only three significant precipitation periods this winter, Dewy said. January is usually the driest month of the year. There is greater concern this year about the lack of precipitation this January because of the extended dry period last summer, Dewey said. lie said that if cold weather sets in without any snow for a protective cover, winter kill on winter crops could become serious. "All this winter dryness will mostly be taken care of by a wet spring," Dewey said. He added that the time to become concerned about possible drought extending into the summer is during March, April and May. mm w m -.31 V . X - m 3r $25.00 Off Save $25 00 on the purchase of a complete pair of glasses Select from any one of our hundreds of frames, including designer lines Also choose from our full selection of lenses, such as. photogreys, invisible bifocals and plastic lenses This ad is good through January 31st. rrl fr l lcl LneWDticai onojDj 333 N. 12th St 477-9347 10:00 AM 5:00 PM Monday-Friday Thursday until 8:00 PM 10:00 AM-1:00 PM Saturday ,lf(i r 1 2 OFF for LADIES l IV i Blouses Skirts Bots I I m? Sweaters OI ir S Blazers TfF $ r. Shoes r . ml M Dresses rants J S Long Wool & Down Coats fc j i 12 OFF for GUYS i If I Jeans Sweaters Shoes jj j I Shirts Pants Boots I' j I j Wool & Leather Coats I I Suits & Sportcoats ( If i jl PLUS; ALL Jeans on Sale ALL Shoes on Sale k l Va Bank Cards jlll