A new U.S.-Soviet grain deal
"This is a happy hour," beamed Secretary of Agriculture John Block last week. The reason for his exultation was a new five-year U.S.-Soviet grain agreement, the first since 1976. Negotiated in London, Vienna and Moscow during the past two months, the deal raises the annual minimum Soviet grain purchase required under the earlier agreement from 6 million to 9 million tons. That means a boost for farm exports, but nowhere near the 16 million tons the Americans had originally wanted. Yet Block said the accord achieved "reasonable expectations" and "puts us in a better place to sell...
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