"Over this past weekend we initiated a voluntary program to monitor grain exports."
Tucked into President Ford's economic speech, the statement failed to command much attention at first. Yet the new program, under which traders are asked to seek Department of Agriculture approval of all sales abroad exceeding 50,000 tons of grain at one shot or 100,000 tons in a week, set off a wave of international jitters even as it aimed at holding down prices at home.
By informally controlling grain exports, the Administration hopes to forestall such embarrassments as the "holding...
To continue reading:
or
Log-In
