Word: butz
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...signing of a U.S.-Mexican agreement to try to eradicate the screwworm -which ravages cattle on both sides of the border-had to be delayed because U.S. Secretary of Agriculture Earl Butz was out of town. More important, Washington seemed disinclined to honor its promise to halt the dumping of salt into the Colorado River, which leaves much of the soil of Mexico's Mexicali Valley cracked and covered with white cakes of salt...
...Agriculture Secretary Earl Butz left Moscow last week after an unprecedented 90-minute talk with Soviet Party Leader Leonid Brezhnev, he characterized the conversation as "warm, frank and friendly." For once those diplomatic clichés seemed apt. With President Nixon's visit scarcely a month away, Brezhnev, who never before has talked so long with an American official, was making a major gesture of cordiality toward the U.S. He also was emphasizing Moscow's desire for a big increase in trade with the U.S.-a desire that Washington shares...
...Butz later predicted that the Soviets might buy as much as $200 million worth of American wheat and feed grains every year for the next decade. That puffy prediction was bound to please American farmers-but how would the Russians raise the money? Butz suggested to Brezhnev that the Soviet Union might consider paying for the grains by exporting its surplus of Siberian natural gas to the U.S. It was, of course, too early to agree on a deal that would cost at least $5 billion for plants, pipelines and ships, with most of the cost borne by the Russians...
...only $56 million worth last year. Unfortunately their manufactured goods are generally shoddy and not in much demand, even in the East bloc. But Moscow would like to sell jetliners (including the supersonic Tu-144), wristwatches, cameras, pharmaceutical supplies, medical instruments-and the natural gas that Butz bubbled about. Soviet experts have conferred with men from Tenneco and Texas Eastern Transmission about shipping Siberian gas to the U.S. It could be pipelined to Murmansk, liquefied and shipped to the U.S. East Coast in special tankers...
CREDIT TERMS. On the grain deals, the Soviets seek ten-year credits at an interest rate of 2 or 3% v. the prevailing average U.S. rate of 6%. The Russians are unlikely to get specially low interest rates, but Butz hinted that if they offer to make really big purchases in the U.S., Washington might devise a combination Government-private credit for five to seven years...