Oil for wheat debate spans nations and economies
American Farm Bureau Federation discussions with Libyans aim to ease diesel shortages for U.S. farmers while Argentine minister Jose Martinez de Hoz warns that tying wheat to oil would trigger price shocks and a potential global recession. He favors broader monetary coordination. Allan Grant leads quiet talks with Libya on imports of Libyan crude to fuel U.S. agriculture, with State Department cautious but open to deals amid Libya’s rising oil power and political risk.
MENTIONED IN THIS ARTICLE
American Farm Bureau Federation
Allan Grant
USSR buys more U S grain pushing year total high
US grain sales to the Soviet Union rose with 300000 tons of soybeans added, raising the year total to over 1.18 million tons. The Soviets also contracted about 6300 tons of rice and have secured 26.3 million tons of wheat and 7.83 million tons of corn for the year reaching a planned grain total of 13 to 15 million tons.
MENTIONED IN THIS ARTICLE
Ussr
U.S
Soviet Union
Agriculture Department
USDA
Moscow
California Tops Farm State Totals Amid Livestock Surge
California remains a leading farm state as livestock receipts hit a record 58 billion dollars, surpassing crops by 6 billion while crops reach 52.2 billion and the national total climbs to 110.2 billion. Iowa Texas Illinois Minnesota follow in the top five, reflecting widespread strength in both sectors.
MENTIONED IN THIS ARTICLE
U.S
California
Iowa
Texas
Illinois
Minnesota
Also Mentioned on This Page
St. Paul, Minn
Jose Martinez de Hoz
Argentina
United States
United Nations
Canada
Martinez de Hoz
Wisconsin
State Department
Libya
Muammar Khadafy
Israel
Egypt
Khadafy
Anwar Sadat
Carter
Organization of Petroleum Exporting Countries
Sears
Roebuck and CO
America
ASME
Eau Claire
Washington, D.C
Nebraska
Florida
Lyman Lumber Co
Western Ave
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