Word: exporters
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...land under when it produced nothing more than weed-choked stubble only a few inches tall. Land that only two years before had yielded 50 bu. of wheat an acre is yielding a mere 13 bu. this year. But Shaffer said: "I'm more concerned about the export situation than anything else. Until there's a bigger world market, we just can't make money...
...record. Corn production is approaching 6.1 billion bu., second only to last year's alltime high of 6.2 billion bu. A third basic crop, soybeans, will yield 1.8 billion bu. v. a previous record of 1.5 billion bu. in 1973. Beyond what it can consume and export, the U.S. will have on hand 84 million metric tons of those products at year's end. In parts of the growing belts, storage bins are so full that excess grain is being dumped in parking lots and even in the middle of streets...
...philosophy, they represent a return to the broad-brush, stockpiling farm-management policies introduced more than four decades ago. These policies were abandoned by Richard Nixon's aggressive, foot-in-mouth Agriculture Secretary, Earl Butz, a dedicated free marketeer. Butz's emphasis on an all-out export drive for farm products yielded spectacular results, including a threefold increase in the domestic price of wheat-but that was largely the result of bad harvests in China and the Soviet Union. One form of Government intervention that even Butz favored was the "set-aside." It was used from...
Buried beneath Australia's remote, forbidding northern wilds is one-fifth of the world's known reserves of uranium, but they have been of no use to atomic-power plants. The government, fearful that mining would damage the Australian environment and that exports might encourage nuclear proliferation, has forbidden exports since 1973. Last week, however, Prime Minister Malcolm Fraser decided to permit mining companies to develop and export the mammoth lode...
Just about all U.S. ginseng is exported to the Far East, mostly to Hong Kong. Though the ginseng trade is small in numbers of people involved, it has grown lately at a rate that bigger export industries might envy. Because Asian supplies are not enough to meet Asian demand, U.S. ginseng exports have rocketed from $5 million in 1970 to almost $18 million last year...