Foreign Trade: A Political Plum for Farmers

A Political Plum for Farmers

When the White House helped push a new compromise budget plan through the Senate two weeks ago, it needed votes from farm-state Senators. As a result, the Administration agreed to help U.S. farmers improve their sagging sales in foreign markets. Keeping that promise, Agriculture Secretary John Block last week unveiled a new program that will in effect subsidize farm exports. Over the next three years the Government will give $2 billion worth of its surplus stock of agricultural commodities, like wheat and corn, to U.S. export companies. Under the plan, exporters will continue to buy grain from American farmers at regular...

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