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Hopes of reducing the huge U.S. grain stocks, which may reach 211 million metric tons this year, withered last week when the Soviet Union violated a long-term agreement and failed to buy the 3.85 million tons of U.S. wheat remaining in this year's quota. In an effort to clinch the deal by last Tuesday's deadline, the Reagan Administration had agreed in August to subsidize the wheat, but it was not enough to keep the Soviets from going to competing suppliers. Two days after letting the U.S. deal lapse, Moscow signed a five-year pact...

Author: /time Magazine | Title: Trade: Cold Shoulder From Moscow | 10/13/1986 | See Source »

...unfortunate that the point was not raised earlier this summer, before the United States enraged its allies, particularly Australia, through a surprising wheat deal with the Soviets, in which billions of dollars worth of American grain were dumped on the Soviet market below cost...

Author: By Jeffrey J. Wise, | Title: Grain Pain | 9/24/1986 | See Source »

...Food and Drug Administration approved the process for harvested wheat and potatoes more than 20 years ago; dried spices and slaughtered pork were added to the list in the 1980s. Last April the agency gave the go-ahead for irradiating fruits and vegetables, and a furor erupted. Despite the FDA's consent, the process until now has been used mainly to preserve herbs and spices. But last week gamma ray-treated fruit made its first U.S. appearance when Laurenzo's Farmer's Market in North Miami Beach began offering irradiated Puerto Rican mangoes. The FDA is now considering whether...

Author: /time Magazine | Title: Health & Fitness: Food Fight Over Gamma Rays | 9/22/1986 | See Source »

...Godfrey, Ill., in Where the Sky Began, his evocative story of the fecund heartland. Nearly a year's production of corn lies unused in bins and warehouses. A quarter of a year of soybeans is stored up. The Western plains are piled with a year's worth of surplus wheat. The harvest of the new wheat crop is almost finished, and it is a whopper: 2.2 billion bu. Providence seems to be pushing us toward some rendezvous with disaster. The Corn Belt is like John Bunyan's idyllic Beulah -- or a dark Gehenna. Corn is king...

Author: /time Magazine | Title: Bitter Harvest | 9/8/1986 | See Source »

...contrary, whenever a nation tries to dispose of its surpluses, furious fights erupt, even among old friends. Australian Foreign Minister Bill Hayden has been thundering that subsidized American sales of wheat to the Soviet Union and sugar to China, traditional Australian markets, could undermine the bilateral defense alliance. Thais are so incensed by subsidized American rice exports that a Bangkok newspaper recently ran the headline BEST FRIEND U.S. CUTS THAILAND'S THROAT...

Author: /time Magazine | Title: Too Much of a Good Thing | 9/8/1986 | See Source »

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