Word: wheats
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Dates: during 1980-1989
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...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 on growing for the foreseeable future...
...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 Inc., one of the world's biggest grain exporters, receives...
...Sharon Springs, Kans., angry AAM members mounted their tractors and surrounded the office of the U.S. Agricultural Stabilization and Conservation Service. Protest Leader Paul Wilson accused the Government of betrayal. Said he: "We planted fence post to fence post like they wanted, and now this is what happens." Said Wheat Farmer Lysle Davidson Jr. of Johnson City, Kans.; "We think of ourselves as patriotic. We want to do what we can. But we shouldn't have to go broke being patriotic...
...that matter. But we have no illusions about it not costing us. We would like to see everyone else sacrifice too." Sinner has yet to sell most of his 1979 crop and has yet to decide on his spring planting. He could switch more of his land to durum wheat ?all of which is sold to domestic manufacturers of spaghetti and macaroni?or to sunflowers and sugar beets. But sunflowers are in oversupply, and sugar-beet processors are working overtime to absorb the 1979 harvest. Said Sinner: "Probably there's going to be some crop switching. But I figure...
Economic sanctions have rarely been successful. There are too many middlemen for supplies to be effectively shut off ?they can simply be routed through friendly countries. There is no global shortage of grain for those who can afford to buy. The Soviets do not really need wheat. They already produce more than they consume; they contracted to buy U.S. wheat only because it is a cheaper way of supplying some western and northern Soviet cities than transporting grain from central Asia. Of far more importance to the Soviet economy is U.S. corn, all of which is fed to livestock...