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...Chinese retaliated by halting orders for American wheat. In recent years, China had become the top foreign customer for U.S. wheat, buying an average of 7 million tons annually, worth nearly $1 billion. Kansas Senator Robert Dole, a powerful Republican leader and farmers' advocate, last month urged President Reagan to press ahead with talks aimed at a Chinese textile deal, citing "the cost being paid by U.S. wheat farmers...

Author: /time Magazine | Title: China Deal | 8/15/1983 | See Source »

...week U.S. and Chinese negotiators finally reached a compromise. Under the plan, which covers 33 types of products ranging from shirts to printed cloth, Chinese imports will be allowed to grow about 3% annually. After the agreement was signed, Chinese grain dealers were back in the market for U.S. wheat...

Author: /time Magazine | Title: China Deal | 8/15/1983 | See Source »

Awash in grain, Washington began the Payment In Kind program to cut down on the huge surpluses by encouraging farmers not to plant. PIK has reduced the oversupply of some crops, and wheat output is expected to drop from 76.4 million tons to 66.3 million tons this year. But wheat stocks are nonetheless expected to rise, even with fewer acres planted...

Author: /time Magazine | Title: Good Harvest: A new U.S.-Soviet grain deal | 8/8/1983 | See Source »

...short term, the Administration is pushing Congress to freeze "target prices" (the prices that determine the amount of a farmer's cash subsidy) for grain and to lower dairy price supports. Until Congress agrees, Block is delaying the announcement of the specifics of the 1984 PIK program for wheat. In the meantime, PIK appears to be the only game in town. "This miserable PIK program is designed to keep the poor buggers in farming alive," says Scott Hanson, administrator of the Washington Wheat Commission in Spokane. "Until someone comes up with a better idea, we're stuck with...

Author: /time Magazine | Title: Farmers Are Taking Their PIK | 7/25/1983 | See Source »

Only 121 million acres, or about 10% of Brazil's arable land, is used to grow crops. Over the next three years, the Brazilians hope to plant 2.5 million more acres with wheat, sugar cane, soybeans, rice, vegetables and fruit. Tens of thousands of poor farmers are moving into the fertile but undeveloped cerrados savannah region in the central plateau. In one area, the government is giving away 1,250 acres to each of 150 homesteaders...

Author: /time Magazine | Title: Rainy Days in Brazil | 7/25/1983 | See Source »

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