Word: corns
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Dates: during 1980-1989
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...Administration quickly found itself with some unofficial support. Acting on its own, the International Longshoremen's Association declared a boycott in ports from Maine to Texas on all cargo to or from the U.S.S.R., leaving Moscow with no way to obtain the 3.4 million metric tons* of U.S. corn that is exempt from Carter's embargo. The corn is part of the 6 million to 8 million tons that the U.S. had promised to sell to the U.S.S.R. each year under a long-term agreement signed by both governments in 1975; at least an additional 4 million to 6 million...
...under the stars; a mighty force, the strength of nations, the life of the world. There in the night, under the dome of the sky, it was growing ..." In the decades since, production has doubled and redoubled until today the U.S. grows almost half of all the world's corn, two-thirds of its soybeans and more than a tenth of its wheat. Producing food is the nation's most efficient and most productive industry...
...increasing quantities are sold overseas. US. food exports grew at a steady pace in the 1950s and 1960s, then quintupled in the 1970s, from $6 billion to $32 billion last year, thus holding down the deficit caused by $70 billion in oil imports. The U.S. now exports more wheat, corn and other coarse grains (barley, oats, sorghum) than all the rest of the world combined. About one-fourth of America's 413 million acres of crop land are planted for export, and foreign demand is expected to keep on growing for the foreseeable future...
Grain farmers had bin-bursting harvests in 1979, and that was for the fifth year in a row. Farmers raised a record 7.6 billion bu. of corn. Much of it, 60%, will be used as animal feed; only about 10% will be consumed directly by Americans, usually in bread, breakfast cereal and fructose (a sweetener). The remainder, before Carter's embargo, was destined for export, along with 36% of the 1979 crop of soybeans and 60% of the year's wheat. The embargo is expected to reduce overall exports from the '79 grain crop by 8%. Most export grain travels...
...local grain elevators, the first stop for much U.S. grain after it leaves farm storage bins. At Secor, Ill., four farmers watched the prices fall on a TV screen. "I don't think the shock has hit them," said Manager John Aeschliman. Just before the embargo he bought corn at up to $2.96 a bu.; his first purchase last week was from a scared farmer at $2.12 a bu. At the Pro-Farmer elevator in Cedar Rapids, Iowa, two farmers were willing to sell corn at $2 a bu., compared with $2.25 a bu. before the embargo, but found...