Sale of Feed Grains to Russia: Hearing Before the Subcommittee on Livestock and Grains and the Subcommittee on Department Operations of the Committee on Agriculture, House of Representatives, Ninety-second Congress, First Session. December 8, 1971
U.S. Government Printing Office, 1972 - Electronic books - 51 pages
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agree agreement Agriculture American amount announcement barley and oats basis believe benefit Cargill carry cents cents per bushel Chairman committee Commodity Credit Corporation companies competitive concerned Congressman Continental contract corn correct cost countries course demand DENHOLM Department developed domestic effect European export extent farm farmers feed grains firm foreign future GARZA going Government grain sorghum important increase industry interest involved Japan labor less levels livestock maritime market price MAYNE meet metric tons million bushels milo move movement negotiations November oats and barley offer PALMBY particularly percent period ports possible poultry President production PURCELL purchased question RARICK reason recent record representatives requirements Russia Secretary sell shipment situation sold Soviet Union statement stocks stoppage storage strike Subcommittee subsidy substantial supply Thank trade transaction U.S. grain understand United vessels weeks world market world price
Page 44 - This authority is contained in section 710 of the act, paragraphs (a), (b), and (c), which I will ask to be placed in the record at this point. (The section of the act referred to follows:) SEC. 710. (a) The President, to the extent he deems it necessary and appropriate in order to carry out the provisions of this Act, is authorized to place...
Page 3 - The increased use of grains in the United States for livestock and poultry feeding during the past 20 years has in recent years begun also to take place in other parts of the world. Japan has swung to a livestock-feed economy, with emphasis on swine and poultry, and the United Kingdom has done likewise. The European Community has also expanded poultry and swine production, but has not yet developed a favorable economic climate for the production of duality beef.
Page 4 - Japan, our leading export market, is a good example of the growing market for livestock feed in the developed countries. In fiscal 1960, we sold Japan 258,000 metric tons of feed grains (10.2 million bushels corn equivalent) and 1.1 million metric tons of soybeans. In fiscal 1971 we sold that country 5.9 million tons of feed grains — 232.5 million bushels corn equivalent and more than a twentyf old increase — and 2.8 million tons of soybeans — an increase of 155 percent. We also sold Japan...
Page 4 - Russia, for example, bought more than 100 million pounds of beef, veal, and mutton from Australia and New Zealand in 1970 and had almost doubled that quantity in the first 9 months of 1971.