ARGENTINA: ECA's Terms

The U.S. said it, then said it again: ECA could feed Europe without buying a quintal of wheat from Argentina.

What had happened? In Washington last week, a dollarwise businessman, temporarily turned ECA official, looked up from his crop reports and exultantly pointed out some world food facts: wheat fields all over Europe are rich with promise; ECA countries' estimated crop of 30 million metric tons is only 5% under prewar production; the U.S., with the second-largest crop in its history—and some help from Canada—can make up what Europe needs.

Just to make...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!