• Short Summary

    President Ford -- on Saturday (5 October) -- persuaded two leading United States' grain exporters to cancel five-hundred-million-dollars (about two-hundred-million pounds sterling) worth of contracts to ship scare corn and wheat to the Soviet Union.

  • Description

    President Ford -- on Saturday (5 October) -- persuaded two leading United States' grain exporters to cancel five-hundred-million-dollars (about two-hundred-million pounds sterling) worth of contracts to ship scare corn and wheat to the Soviet Union. The sales, if carried out -- the White House said -- might have boosted American grocery bills following a disappointing harvest caused by rain, drought and an early freeze.

    The sales -- as proposed -- totalled 3.4 million tons.

    Grain shipments to the Soviet Union began from the United States in 1972 in a billion-dollar (1,00 million-dollar) deal that forced up food prices and the cost of feeding America's livestock. Since then, the United States Government has persuaded farmers to grow as much grain as possible, claiming world demand would absorb it; Saturday's cancellation of the Soviet grain deal has, therefore, angered American farmers.

    Agriculture Secretary Earl Butz told newsmen outside the White House the background to the situation:
    SYNOPSIS: President Ford is worried about the rising cost of foodstuffs in the United States. In an attempt to help curb this situation he's persuaded tow major American grain exporters to cancel sales deals with the Soviet Union worth five hundred million dollars. N.B.C. reporter John Cochrane has the story:

  • Tags

  • Data

    Film ID:
    VLVA37NAWO5V2BCH8OQGG5O78K3ZF
    Media URN:
    VLVA37NAWO5V2BCH8OQGG5O78K3ZF
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    06/10/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:53:00
    Time in/Out:
    /
    Canister:
    N/A

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