Word: imported
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...sugar industry meet foreign competition. The Administration favors direct subsidies; this would keep down prices to housewives and big consumers (including Coca-Cola, which is headed by Carter's old friend J. Paul Austin). But subsidizing low-priced sugar reduces demand for corn fructose. Congress favors sugar import duties and quotas, which would raise prices and help producers of both sugar and corn sweeteners...
...Carter rejected suggestions for import quotas and adopted a temporary program to pay producers up to 2? per lb. whenever the price of sugar dipped below 13.5? per Ib. The program was to stay in effect until Congress approved the International Sugar Agreement to stabilize world prices at between 15? and 19? per Ib. through Government stockpiling. Instead, Congress amended the farm bill, which became law Oct. 1, with a program of loan supports, tariffs and import fees intended to satisfy producers of both kinds of sweetener...
...Liberalizing Export-Import Bank loans to finance not only foreign buyers of American goods but export-related plant and equipment spending...
Short of coming up with cows that breed as fast as battery hens, there is little that the Government can do to ease the fluctuations of the ten-year beef production cycle. One stopgap measure that President Carter is now considering would be to relax import restrictions on foreign beef in order to increase supplies at meat counters. Since there is presently no world surplus of beef anyhow, lifting restrictions would probably bring in no more than 250 million Ibs. of beef on top of the 1.3 billion Ibs. that the nation already imports from Australia, New Zealand, Canada...
...designed to raise U.S. prices of sugar to 13.5¢ per Ib. But that has not been enough for the growers, who contend that they cannot make a profit at that price. So last week the House wound up subcommittee public hearings on a bill that would use import quotas and fees to set a floor price for sugar of 17¢ per Ib. The same bill has been put forward in the Senate by Idaho Democrat Frank Church, and it has 34 cosponsors...