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October 1985, Vol. 108, No. 10
How U.S. exports are faring
in the world wheat market
In January 1985, a major U.S. grain merchant announced plans to import foreign wheat for processing in the Mid-west.1 Prices for this wheat were below those quoted by any U.S. supplier. While the unprecedented plan was canceled due to strong protests from agricultural interest groups, it provides an extreme example of what many in the U.S. agricultural community claim is a growing problemthe erosion of the U.S. share of the world wheat market. The likelihood of similar incidents in the near future has caused a great deal of concern among export-dependent U.S. wheat farmers, currently burdened with huge excess stocks, and policymakers in the process of preparing the 1985 farm bill.
This excerpt is from an article published in the October 1985 issue of the Monthly Labor Review. The full text of the article is available in Adobe Acrobat's Portable Document Format (PDF). See How to view a PDF file for more information.
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1 Wendy L. Wall, "U.S. Isn't Any Longer Cheapest Source of Some Kinds of Grain for Domestic Use," The Wall Street Journal, Jan. 14, 1985, p. 2, col.3.
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