Word: exportability
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Though most American farm products are still consumed at home, ever 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...
...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 by barge or railroad car to ships in New Orleans and the Texas Gulf ports. At Houston, Cargill...
Relaxed East-West relations also opened major new export markets. In the 1960s American farm products were sold mainly to Britain and The Netherlands or given away to India, Egypt and other developing nations as foreign aid. Through the '50s, and well into the '60s, the U.S. simply did not know what to do with its surplus grain and stored it at a cost of billions. But in the past decade the surplus production began being exported to the Soviet Union, China and newly rich Japan. Americans take justified pride in high technology exports like computers...
CARTER'S ATTEMPT to clamp down on the export of nuclear technology to Third World nations has met with little success. A number of the United States' allies, notably France and West Germany, have been all too willing to step into the void and to supply expertise and equipment to nations such as Iraq and Brazil. Moreover, last fall a conference of 66 nations and five international organizations, which Carter convened to strengthen his non-proliferation campaign, concluded world-wide development of the fast breeder reactor should go ahead despite the dangers of nuclear weapons proliferation...
Hardest hit is the construction industry, which has come to an almost total halt. Dozens of huge apartment complexes in Tehran stand unfinished. One example of the pervasive industrial malaise is the Melli shoe factory, which used to export 11 million pairs of shoes a year to the Soviet bloc. Production at the Melli plant, now run by production at the Melli plant, now run by a workers' council, is down to 2 million pairs a year, scarcely enough for domestic consumption. The council claims that the problem is lack of spare parts and materials; the real problem...