Word: agri
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Dates: during 1980-1989
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Economic sanctions would be no more than a symbol of dubious impact. Symbolic effect, while important, must be weighed against the costs of symbolic action. Clearly a grain embargo would seriously hurt agri-business and damage the U.S. balance of trade; those costs far outweigh any symbolic gains...
Growers are still trying to sell off surpluses from last year's record-breaking wheat harvest, and this year's winter-wheat crop promises to be the most bountiful ever. The new Soviet deal, predicts Maurice Van Nostrand, research director for AGRI Industries, an association of low cooperatives, "will make a big difference News of a major new purchaser is bound to have a psychological impact on the market, and it will bring in buyers from other nations more aggressively.'' The only cloud on the horizon is the nagging poor weather-either too much...
...recent weeks, though, farmers have become concerned. Commodity markets have again fallen. The main reason: high interest rates are forcing speculators to sell. Early last month, futures prices on the Chicago Board of Trade nosedived. Says Maurice Van Nostrand of AGRI Industries, a giant Iowa grain coop: "There has never been anything like it in the history of trading...