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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 03, 1981
Page
14
A 600 farmer survey across 18 states finds near unanimity that expanding exports boosts income, with 94 percent linking export sales to domestic prices. The U.S. ships over half its crop valued around 9 billion dollars, but current year exports and prices lag 1980 levels.
A Federal Reserve survey of 550 agricultural bankers in Illinois Iowa Indiana Michigan and Wisconsin shows farm loan demand dropped 19 percent in the third quarter from spring levels with rates for operating loans at a record high 17.25 to 19.75 percent and real estate loans at 16.5 to 18 percent Repayment rates also fell to the lowest in 17 years as prices and cash receipts declined Bankers warn defaults may rise next quarter amid pessimism about farming income for 1982.
The Agriculture Department reports progress on odor sensing machines to detect imported foods and plants carrying foreign pests. Advance tests at the Eastern Regional Research Center in Philadelphia show promise, led by chemist James Cavanaugh. Officials say traditional port inspections will continue while researchers refine the system to avoid false alarms.
Agriculture Secretary John R. Block will travel next week with a stop in Tijuana Mexico for a ceremony marking the eradication of screwworms from three Mexican states with U S help. On December 11 he will join a U S team in Brussels for a meeting on U S European trade and concerns over EC export subsidy policies and market access for U S farm goods.
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