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Grain Exports / Government Controls / USSR Grain Sale #29003

ABC Evening News for Monday, Oct 07, 1974
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(Studio) Over wkend., government convinces 2 large grain firms to halt huge grain sale to USSR . Govt. concerned about grain availability for US.
REPORTER: Howard K. Smith

(DC) Agriculture Secretary Earl Butz outlines plan, calling for voluntary action from grain exporters. Exporters to ask government before exporting more than 50,000 tons of grain a day to any foreign country [BUTZ - urges exporters to cooperate or plan to become mandatory.] Exporters withhold comment before cameras.
REPORTER: Roger Peterson

(Studio) Farmers react to government intervention in grain sale to USSR .
REPORTER: Harry Reasoner

(Du Page Cnty., Illinois) [Grain farmer Leonard PAULING - believes government action hurts farmer badly.] Despite widespread belief, higher food prices don't make farmers rich. [PAULING - says farmer needs more money because everything he uses costs more.] [Chairperson Chicago Bd. of Trade Fred UHLMANN - believes farmers' returns are up, although grain price drops somewhat following government intervention.] Despite grain sale reduction, US to have no surplus grain; grain prices not expected to drop.
REPORTER: Greg Dobbs

(Studio) Grain sale intervention affects USSR -US relations
REPORTER: Howard K. Smith

(DC) Secretary of State Henry Kissinger almost apologetic to USSR for calling off grain sale. [KISSINGER - says United States may have misled USSR ; details given.] [BUTZ - takes some blame for near-mishap of grain sale.] Kissinger to use incident for United States benefit in talking with Arab cntrys.; grain shipments may be cut off.
REPORTER: Ted Koppel

Reporter(s):
Dobbs, Greg;
Koppel, Ted;
Peterson, Roger;
Reasoner, Harry;
Smith, Howard K.
Duration:
00:06:40

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