The Arctic National Wildlife Refuge (ANWR) is an area rich in fauna, flora, and oil potential, where development has been debated for over 36 years. Current law forbids oil and gas leasing. This report discusses debate over whether or not to open the ANWR up for development and includes discussion of various legislative options under consideration.
After 7 years of relatively high returns, cattle producers by 1994 were experiencing steeply falling prices--mainly caused by abundant supplies of cattle destined for U.S. feedlots. Record-high grain prices and dry pastures amplified the problem. Because of the lengthy biological cycle governing cattle production, large numbers will be coming onto the market for some time, as producers undertake the slow process of curtailing herd expansion.